Sharjah Insurance Co PSC (ADX:SICO) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2024)

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What is Sharjah Insurance Co PSC 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. Sharjah Insurance Co PSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.00.

Sharjah Insurance Co PSC's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2024 (0.00). It may suggest that Sharjah Insurance Co PSC is progressively becoming more dependent on debt to grow their business.

Sharjah Insurance Co PSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sharjah Insurance Co PSC'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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Sharjah Insurance Co PSC LT-Debt-to-Total-Asset Chart

Sharjah Insurance Co PSC Annual Data

Trend

Dec13

Dec15

Dec16

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Dec18

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Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

Sharjah Insurance Co PSC Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec15	Dec16	Dec17	Dec18	Dec19	Dec21	Dec22	Dec23	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.01	0.01	-	-	-

Sharjah Insurance Co PSC LT-Debt-to-Total-Asset Calculation

Sharjah Insurance Co PSC'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 )
	=	1.061	/	361.971
	=	0.00

Sharjah Insurance Co PSC'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 )
	=	1.061	/	361.971
	=	0.00

Sharjah Insurance Co PSC (ADX:SICO) 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.

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Sharjah Insurance Co PSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sharjah Insurance Co PSC (ADX:SICO) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Ground and O2 Floors, Al Raha Tower, Corniche Al Mamzar, Al Khan, Sharjah, ARE

Website

https://www.shjins.com

Sharjah Insurance Co PSC is a national insurance company. Its principal activity of the company is dealing in general insurance, property, non-property insurance, and life insurance. It mainly carries out general insurance business. Its business segments are Underwriting and Investments. The underwriting segment comprises engineering and motor insurance, marine insurance, fire insurance, and other insurances. Investments segment includes investments inside and outside the U.A.E. marketable equity securities, term deposits with banks, and investment properties.

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