Algr National Insurance Co (DFM:ASNIC) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

View and export this data going back to 2005. Start your Free Trial

What is Algr National Insurance Co 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. Algr National Insurance Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Algr National Insurance Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Algr National Insurance Co is progressively becoming more dependent on debt to grow their business.

Algr National Insurance Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Algr National Insurance Co'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.

Algr National Insurance Co LT-Debt-to-Total-Asset Chart

Algr National Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.21

0.01

Algr National Insurance Co 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	0.01

Algr National Insurance Co LT-Debt-to-Total-Asset Calculation

Algr National Insurance Co'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 )
	=	6.673	/	850.584
	=	0.01

Algr National Insurance Co'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 )
	=	7.86	/	864.557
	=	0.01

Algr National Insurance Co (DFM:ASNIC) 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.

Algr National Insurance Co LT-Debt-to-Total-Asset Related Terms

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

Algr National Insurance Co (DFM:ASNIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Sagr National Insurance Co (DFM:ASNIC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Sagr National Insurance Building, Al Seef Road, P.O. Box 14614, Bur Dubai, Diplomatic Area, Dubai, ARE

Website

https://www.alsagrins.ae

Al Sagr National Insurance Co is an insurance company. The company supports its clients with comprehensive insurance solutions to manage health, life, and general risks for individuals, SMEs, large companies, and multinational corporations. It is engaged in the writing of insurance including property, engineering, liability, marine cargo, marine hull, motor, medical, life, travel and miscellaneous insurance. The company is organized into two operating segments, general insurance, and life assurance. The company's revenue is generated from general insurance business segment. The company has its own Branches all over the UAE and has a large scale insurance interest in the Kingdom of Saudi Arabia and Jordan.

Algr National Insurance Co (DFM:ASNIC) Headlines

No Headlines