Chesnara (CHIX:CSNL) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Chesnara 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. Chesnara's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Chesnara's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.02). It may suggest that Chesnara is progressively becoming less dependent on debt to grow their business.

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

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

Chesnara Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Chesnara 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															0.01	0.02	0.02	0.02	0.02

Chesnara LT-Debt-to-Total-Asset Calculation

Chesnara'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 )
	=	208.5	/	12129.8
	=	0.02

Chesnara'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 )
	=	208.5	/	12129.8
	=	0.02

Chesnara (CHIX:CSNl) 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.

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

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Chesnara (CHIX:CSNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Chesnara PLC (CHIX:CSNl) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

CSN.GB:UK CSN:UK 6DE:Germany

Address

West Strand Road, 2nd Floor, Building 4, West Strand Business Park, Preston, Lancashire, GBR, PR1 8UY

Website

https://www.chesnara.co.uk

Chesnara PLC acts as a Life Assurance and pension consolidator in the United Kingdom. Its reportable segments include UK, Movestic, Waard Group, Scildon, and Other group activities. It derives maximum revenue from the Scildon segment. The group investment markets include Australia, the UK, Hong Kong, Japan, and the USA. It provides unit-linked and non-linked contracts, which include death and morbidity benefits on whole life, endowment and term assurance basis as well as immediate annuity plans written from vesting pensions through its subsidiary.

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