FAF (First American Financial) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2024)

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What is First American Financial 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. First American Financial's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.12.

First American Financial's long-term debt to total assets ratio increased from Dec. 2023 (0.08) to Dec. 2024 (0.12). It may suggest that First American Financial is progressively becoming more dependent on debt to grow their business.

First American Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for First American Financial'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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First American Financial LT-Debt-to-Total-Asset Chart

First American Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.10

0.12

0.09

0.08

0.12

First American Financial 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															0.08	0.11	0.11	0.13	0.12

First American Financial LT-Debt-to-Total-Asset Calculation

First American Financial'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 )
	=	1776.5	/	14908.6
	=	0.12

First American Financial'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 )
	=	1776.5	/	14908.6
	=	0.12

First American Financial (NYSE:FAF) 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.

First American Financial LT-Debt-to-Total-Asset Related Terms

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First American Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First American Financial Corp (NYSE:FAF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 First American Way, Santa Ana, CA, USA, 92707-5913

Website

https://www.firstam.com

First American Financial Corp is a financial services business providing insurance through segments: Title insurance and related services segment include real estate insurance, property closing services, third-party handling of real estate funds (escrow), risk mitigation, real estate data products, and related real estate transaction services; The home warranty segment provides residential service contracts that cover residential systems, such as heating and air conditioning systems, and certain appliances against failures that occur as the result of normal usage during the coverage period; and The corporate segment includes investments in venture-stage companies, certain financing facilities and corporate services supporting the company's business operations.

Executives

Lisa W Cornehl	officer: SVP, Chief Legal Officer	1 FIRST AMERICAN WAY, SANTA ANA CA 92886
Mark Edward Seaton	officer: Senior Vice President	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Dennis J Gilmore	officer: Chief Executive Officer	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Steven A Adams	officer: VP & Chief Accounting Officer	2260 E IMPERIAL HIGHWAY, EL SEGUNDO X1 90245
Christopher Michael Leavell	officer: COO of Subsidiary	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Marsha A Spence	director	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Kenneth D Degiorgio	director, officer: Executive Vice President
Jean C Latorre	director	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Mark C Oman	director	ONE HOME CAMPUS X2401-06X, DES MOINES IA 50328
Matthew F. Wajner	officer: Chief Accounting Officer	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Martha B Wyrsch	director
Reginald Harold Gilyard	director	1 FIRST AMERICAN WAY, SANTA ANA CA 92707
Parker S Kennedy	director, officer: Executive Chairman	114 EAST FIFTH STREET, SANTA ANA CA 92701
James L Doti	director
Margaret M Mccarthy	director	AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156