AXA (AXAHF) LT-Debt-to-Total-Asset : 0.11 (As of Jun. 2024)

View and export this data going back to . Start your Free Trial

What is AXA 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. AXA's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.11.

AXA's long-term debt to total assets ratio increased from Jun. 2023 (0.11) to Jun. 2024 (0.11). It may suggest that AXA is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for AXA'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.

* Premium members only.

AXA LT-Debt-to-Total-Asset Chart

AXA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.08

0.10

0.09

AXA 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															0.08	0.10	0.11	0.09	0.11

AXA LT-Debt-to-Total-Asset Calculation

AXA'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 )
	=	64930.207	/	702779.716
	=	0.09

AXA'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 )
	=	76524.22	/	687762.11
	=	0.11

AXA (OTCPK:AXAHF) 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.

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

Thank you for viewing the detailed overview of AXA's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

AXA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AXA SA (OTCPK:AXAHF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AXAHY:USA 1CS:Italy CSp:UK 0HAR:UK CS:France AXA:Germany AXAA:Germany AXA:Germany AXA:Germany AXAA:Germany AXA:Germany CS:Austria

Address

25, Avenue Matignon, Paris, FRA, 75008

Website

https://www.axa.com

AXA's origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French security system. With the threat of nationalization, a merger took place between three insurance groups: The Drouot Group, AXA (still known as Mutuelles Unies in 1982), and Presence Group. Ten years later, AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought UAP, a French insurer. Yet, as markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in US investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About five years ago, AXA started to reshape its portfolio to technical risks.