ANGPA.PFD (American National Group) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is American National 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. American National Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

American National Group's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.03). It may suggest that American National Group is progressively becoming more dependent on debt to grow their business.

American National Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for American National 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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American National Group LT-Debt-to-Total-Asset Chart

American National Group Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

American National Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.03	0.03

American National Group LT-Debt-to-Total-Asset Calculation

American National 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 )
	=	864.55	/	79918.302
	=	0.01

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

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	3138	/	123659
	=	0.03

American National Group (NYSE:ANGpA.PFD) 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.

American National Group LT-Debt-to-Total-Asset Related Terms

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American National Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » American National Group Inc (NYSE:ANGpA.PFD) » Definitions » LT-Debt-to-Total-Asset

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Address

6000 Westown Parkway, West Des Moines, IA, USA, 50266

Website

https://www.americannational.com

American National Group Inc operates through its subsidiaries that offers a portfolio of insurance products, including individual and group life insurance, annuities, pension risk transfer, and property and casualty insurance. The company business is conducted in all 50 states, the District of Columbia and Puerto Rico. The company operates into four operating segments: Life, Annuity, Property and Casualty and Corporate and Other.