Softlogic Life Insurance (COL:AAIC.N0000) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Softlogic Life Insurance 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. Softlogic Life Insurance's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Softlogic Life Insurance's long-term debt to total assets ratio declined from Dec. 2023 (0.11) to Dec. 2024 (0.02). It may suggest that Softlogic Life Insurance is progressively becoming less dependent on debt to grow their business.

Softlogic Life Insurance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Softlogic Life Insurance'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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Softlogic Life Insurance LT-Debt-to-Total-Asset Chart

Softlogic Life Insurance Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.11

0.09

0.13

0.11

0.02

Softlogic Life Insurance Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.09	0.09	0.10	0.02

Softlogic Life Insurance LT-Debt-to-Total-Asset Calculation

Softlogic Life Insurance's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1190.336	/	53594.148
	=	0.02

Softlogic Life Insurance's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	1190.336	/	53594.148
	=	0.02

Softlogic Life Insurance (COL:AAIC.N0000) 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.

Softlogic Life Insurance LT-Debt-to-Total-Asset Related Terms

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Softlogic Life Insurance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Softlogic Life Insurance PLC (COL:AAIC.N0000) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

One Galle Face Tower, Level 16, Colombo, LKA, 02

Website

https://www.softlogiclife.lk

Softlogic Life Insurance PLC is engaged in the insurance business. It provides life insurance solutions for both individual and corporate customers. The company is structured into business units based on its products and services, with two reportable operating segments; Life policyholder fund and Shareholder fund. A majority of its revenue is generated from the Life policyholder fund, which represents the financial results of the company's interactions with customers, ranging from the sale of insurance policies to claim payments or maturities. The Shareholder fund represents the investment income and their attributable profits. Geographically, the company operates only in Sri Lanka.

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