AUB Group (AUB Group) LT-Debt-to-Total-Asset : 0.19 (As of Dec. 2023)

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What is AUB 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. AUB Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.19.

AUB Group's long-term debt to total assets ratio declined from Dec. 2022 (0.21) to Dec. 2023 (0.19). It may suggest that AUB Group is progressively becoming less dependent on debt to grow their business.

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

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

AUB Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.08

0.24

0.19

0.04

0.16

AUB Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.04	0.21	0.16	0.19

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

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

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	420.534	/	2606.925
	=	0.16

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

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	483.489	/	2514.807
	=	0.19

AUB Group (OTCPK:AUBBF) 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.

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

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AUB Group (AUB Group) Business Description

Industry

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Traded in Other Exchanges

A5H:Germany AUB:Australia

Address

141 Walker Street, Level 14, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.aubgroup.com.au

AUB Group is the second-largest general insurance broker network in Australia and New Zealand. It has an ownership in brokerage businesses which collectively write over AUD 5 billion in premiums. It also owns equity stakes in 27 underwriting agencies. AUB derives revenue from commissions (from insurers, ultimately paid for by AUB's customers) based on gross written premium, or GWP, from agencies it owns, and a share of profits from associates and joint ventures. GWP is split between personal (7%), small to medium enterprises (65%), and corporates (28%).

AUB Group (AUB Group) Headlines

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