Challenger (ASX:CGFPA.PFD) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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What is Challenger 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. Challenger's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

Challenger's long-term debt to total assets ratio increased from Jun. 2023 (0.05) to Jun. 2024 (0.05). It may suggest that Challenger is progressively becoming more dependent on debt to grow their business.

Challenger LT-Debt-to-Total-Asset Historical Data

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

Challenger Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.08

0.07

0.06

0.05

Challenger 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															0.06	-	0.05	-	0.05

Challenger LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	1532.2	/	33406.9
	=	0.05

Challenger'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 )
	=	1532.2	/	33406.9
	=	0.05

Challenger (ASX:CGFPA.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.

Challenger LT-Debt-to-Total-Asset Related Terms

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Challenger Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Challenger Ltd (ASX:CGFPA.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GK9:Germany CGFPC.PFD:Australia CGF:Australia

Address

5 Martin Place, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.challenger.com.au

Challenger's core business is selling annuity products in the Australian retirement market and, since November 2016, selling Australian dollar-denominated annuities into Japan's large retirement market. The firm's annuity products provide investors guaranteed regular payments over an agreed term for an upfront lump sum investment and is designed primarily to protect investors from the longevity risk of outliving their savings. Challenger also operates a funds management business, Fidante Partners, which has minority stakes in several boutique global investment managers, and Challenger Investment Management, which primarily manages investments supporting its annuities business.

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