AMIGY (Admiral Group) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is Admiral Group 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. Admiral Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

Admiral Group's long-term debt to total assets ratio declined from Jun. 2023 (0.19) to Jun. 2024 (0.17). It may suggest that Admiral Group is progressively becoming less dependent on debt to grow their business.

Admiral Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Admiral Group'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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Admiral Group LT-Debt-to-Total-Asset Chart

Admiral Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.08

0.12

0.17

Admiral Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.17	0.19	0.17	0.17

Admiral Group LT-Debt-to-Total-Asset Calculation

Admiral Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1532.911	/	8982.532
	=	0.17

Admiral Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1624.682	/	9852.036
	=	0.16

Admiral Group (OTCPK:AMIGY) 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.

Admiral Group LT-Debt-to-Total-Asset Related Terms

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Admiral Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Admiral Group PLC (OTCPK:AMIGY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AMIGF:USA ADMl:UK ADM:UK FLN:Germany

Address

David Street, Ty Admiral, Cardiff, GBR, CF10 2EH

Website

https://www.admiralgroup.co.uk

Admiral is a personal lines insurer that operates predominantly in the United Kingdom. The business is primarily a motor insurer with UK and European auto insurance accounting for the majority of gross premium. The business also has a nascent but growing UK home insurance offering. Admiral was established in 1993 to sell motor insurance to nonstandard risks. These nonstandard policyholders included younger drivers, female drivers, drivers wanting to pay by credit card, and drivers based in London. Over the years the company has continued to expand its perimeter of nonstandard risks.