ICICI Prudential Life Insurance Company Limited (BOM:540133) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is ICICI Prudential Life Insurance Company Limited 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. ICICI Prudential Life Insurance Company Limited's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

ICICI Prudential Life Insurance Company Limited's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that ICICI Prudential Life Insurance Company Limited is progressively becoming less dependent on debt to grow their business.

ICICI Prudential Life Insurance Company Limited LT-Debt-to-Total-Asset Historical Data

The historical data trend for ICICI Prudential Life Insurance Company Limited'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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ICICI Prudential Life Insurance Company Limited LT-Debt-to-Total-Asset Chart

ICICI Prudential Life Insurance Company Limited Annual Data

Trend

Mar15

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Mar24

LT-Debt-to-Total-Asset

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0.01

ICICI Prudential Life Insurance Company Limited Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	-	-	-

ICICI Prudential Life Insurance Company Limited LT-Debt-to-Total-Asset Calculation

ICICI Prudential Life Insurance Company Limited's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	12000	/	2990006.5
	=	0.00

ICICI Prudential Life Insurance Company Limited's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	12000	/	2990006.5
	=	0.00

ICICI Prudential Life Insurance Company Limited (BOM:540133) 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.

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ICICI Prudential Life Insurance Company Limited (BOM:540133) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ICICI Prudential Life Insurance Company Limited (BOM:540133) » Definitions » LT-Debt-to-Total-Asset

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ICICIPRULI:India

Address

1089 Appasaheb Marathe Marg, ICICI Pru Life Towers, 1st and 2nd Floor, Cnergy IT Park, Prabhadevi, Mumbai, MH, IND, 400025

Website

https://www.iciciprulife.com

ICICI Prudential Life Insurance Company Limited offers products across savings, investments, and protection categories that match the different life stage requirements of customers and enable them to achieve their long-term financial goals. The company has developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance, and a hassle-free claim settlement experience to customers. Its segments are Par Life, Par Pension, Non Par Life, Non Par Pension, Non Par Variable, Non Par Variable Pension, Annuity Non Par, Health, Linked Life, Linked Pension, Linked Health, Linked Group Life, Linked Group Pension, and Group Pension Share holders.

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