ACT (Enact Holdings) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2024)

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What is Enact Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Enact Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.11.

Enact Holdings's long-term debt to total assets ratio increased from Dec. 2023 (-0.00) to Dec. 2024 (0.11). It may suggest that Enact Holdings is progressively becoming more dependent on debt to grow their business.

Enact Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Enact Holdings's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Enact Holdings LT-Debt-to-Total-Asset Chart

Enact Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.13

0.11

Enact Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.12	0.12	0.11	0.11

Enact Holdings LT-Debt-to-Total-Asset Calculation

Enact Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	743.05	/	6521.531
	=	0.11

Enact Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	743.05	/	6521.531
	=	0.11

Enact Holdings (NAS:ACT) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Enact Holdings LT-Debt-to-Total-Asset Related Terms

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Enact Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Enact Holdings Inc (NAS:ACT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8325 Six Forks Road, Raleigh, NC, USA, 27615

Website

https://www.enactmi.com

Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers will be used for the placement of mortgage insurance written on loans originated. The company is engaged in writing and assuming residential mortgage guaranty insurance.

Executives

Brian Gould	officer: EVP & Chief Operations Officer	8325 SIX FORKS ROAD, RALEIGH NC 27615
Evan Stolove	officer: EVP, Gen. Counsel & Secretary	8325 SIX FORKS ROAD, RALEIGH NC 27615
Genworth Holdings, Inc.	10 percent owner	6620 WEST BROAD STREET, RICHMOND VA 23230
Michael Derstine	officer: EVP and Chief Risk Officer	8325 SIX FORKS ROAD, RALEIGH NC 27615
Rohit Gupta	director, officer: President and CEO	C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Jerome T Upton	director	GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Michael A Bless	director	C/O ROCKWELL INTERNATIONAL INC, 777 E. WISCONSIN AVE #1400, MILWAUKEE WI 53202
Sheehan Daniel J Iv	director	6620 WEST BROAD STREET, RICHMOND VA 23230
Hardin Dean Mitchell	officer: EVP, CFO and Treasurer	8325 SIX FORKS ROAD, RALEIGH NC 27615
Anne G Waleski	director	1508 WEST AVENUE, RICHMOND VA 23220
Westley V Thompson	director	THE PHOENIX COMPANIES, INC., ONE AMERICAN ROW, HARTFORD CT 06102
Debra Still	director	520 MADISON AVE, 32ND FL, C/O CHIMERA INVESTMENT CORPORATION, NEW YORK NY 10022
John D Fisk	director	C/O AGNC INVESTMENT CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Restrepo Robert P Jr	director
Dominic James Addesso	director, other: Chairperson of the Board	477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938