FGL Holdings (FGL Holdings) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2020)

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What is FGL 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. FGL Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2020 was 0.02.

FGL Holdings's long-term debt to total assets ratio declined from Mar. 2019 (0.02) to Mar. 2020 (0.02). It may suggest that FGL Holdings is progressively becoming less dependent on debt to grow their business.

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

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

FGL Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

LT-Debt-to-Total-Asset

0.01

0.02

FGL Holdings Quarterly Data
	Feb16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.02	0.02	0.02	0.02	0.02

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

FGL Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )	/	Total Assets (A: Dec. 2019 )
	=	542	/	36714
	=	0.01

FGL Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2020 is calculated as

LT Debt to Total Assets (Q: Mar. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2020 )	/	Total Assets (Q: Mar. 2020 )
	=	543	/	34737
	=	0.02

FGL Holdings (NYSE:FG) 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.

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

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FGL Holdings (FGL Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » FGL Holdings (NYSE:FG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Boundary Hall, Cricket Square, 4th Floor, Grand Cayman, CYM, KY1-1102

Website

https://www.fglife.bm

FGL Holdings through its subsidiaries offers annuity and life insurance products. FGL Holdings offer products throughout the USA. The company distributes its products through agents. It also provides reinsurance solutions for life and annuity in Bermuda.