CNO Financial Group (FRA:COS) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is CNO Financial Group 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. CNO Financial Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

CNO Financial Group's long-term debt to total assets ratio declined from Sep. 2023 (0.12) to Sep. 2024 (0.11). It may suggest that CNO Financial Group is progressively becoming less dependent on debt to grow their business.

CNO Financial Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for CNO Financial Group'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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CNO Financial Group LT-Debt-to-Total-Asset Chart

CNO Financial Group Annual Data

Trend

Dec14

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Dec17

Dec18

Dec19

Dec20

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.12

CNO Financial Group 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															0.12	0.12	0.11	0.13	0.11

CNO Financial Group LT-Debt-to-Total-Asset Calculation

CNO Financial Group'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 )
	=	3806.1	/	32188.992
	=	0.12

CNO Financial Group'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 )
	=	3878.715	/	33918.505
	=	0.11

CNO Financial Group (FRA:COS) 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.

CNO Financial Group LT-Debt-to-Total-Asset Related Terms

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CNO Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CNO Financial Group Inc (FRA:COS) » Definitions » LT-Debt-to-Total-Asset

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CNO:USA

Address

11825 N. Pennsylvania Street, Carmel, IN, USA, 46032

Website

https://www.cnoinc.com

CNO Financial Group Inc is a holding company for a group of insurance companies that offers middle-income American consumers insurance and securities products through exclusive agents, independent producers, and direct marketing. Consumers are served through the phone, online, mail, face-to-face with agents, or sales channels. The company's operating segments include annuity, health, and life insurance product lines as well as the investment and fee revenue segments. Maximum revenue is generated from the health product line segment. Annuity premiums account for the majority of the total premiums collected. Annuity products include fixed index annuities, traditional fixed-rate annuities, and single-premium immediate annuity products.

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