CNFR (Conifer Holdings) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Conifer Holdings 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. Conifer Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Conifer Holdings's long-term debt to total assets ratio declined from Sep. 2023 (0.09) to Sep. 2024 (0.06). It may suggest that Conifer Holdings is progressively becoming less dependent on debt to grow their business.

Conifer Holdings LT-Debt-to-Total-Asset Historical Data

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

Conifer Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.12

0.11

0.08

Conifer Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.08	0.08	0.09	0.06

Conifer Holdings LT-Debt-to-Total-Asset Calculation

Conifer Holdings'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 )
	=	25.061	/	311.804
	=	0.08

Conifer Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	16.473	/	299.852
	=	0.05

Conifer Holdings (NAS:CNFR) 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.

Conifer Holdings LT-Debt-to-Total-Asset Related Terms

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Conifer Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Conifer Holdings Inc (NAS:CNFR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3001 West Big Beaver Road, Suite 200, Troy, MI, USA, 48084

Website

https://www.cnfrh.com

Conifer Holdings Inc is an insurance company engaged in the sale of property and casualty insurance products. It is engaged in three classes of insurance businesses namely commercial lines, personal lines, and wholesale agency business. Within these three businesses, the company offers various insurance products and insurance agency services. The company views the commercial and personal lines segments as underwriting business. The wholesale agency business provides non-risk bearing revenue through commissions and policy fees. Its revenues are derived from premiums earned from insurance operations.

Executives

Brian J Roney	officer: President	28819 FRANKLIN ROAD, SOUTHFIELD MI 48034
James G Petcoff	director, 10 percent owner, officer: Chairman and CEO	350 N NINTH STREET, SUITE 202, BOISE ID 83702
Gerald W Hakala	director	550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
Nicholas J Petcoff	director, officer: EVP, Secretary	550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
Joseph D Sarafa	director	11123 BUGAI, TRAVERSE CITY MI 49684
Clarkston Ventures, Llc	10 percent owner	91 WEST LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Jeffrey Anthony Hakala	director	91 WEST LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Williams R Jamison Jr	director	28819 FRANKLIN ROAD, SOUTHFIELD MI 48034
Isolde O'hanlon	director	550 W MERRILL, SUITE 200, BIRMINGHAM MI 48009
Timothy Lamothe	director	26 WAKEMAN ROAD, SOUTH SALEM NY 10590
Andrew Petcoff	officer: SVP, Marketing	550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
John William Melstrom	director	355 S. OLD WOODWARD AVENUE, SUITE 200, BIRMINGHAM MI 48009
Mark Mccammon	director	550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
Harold J Meloche	officer: CFO, Treasurer	28819 FRANKLIN ROAD, SOUTHFIELD MI 48034
Jorge J Morales	director	28819 FRANKLIN ROAD, SOUTHFIELD MI 48034