Kinsale Capital Group (FRA:KCH) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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What is Kinsale Capital 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. Kinsale Capital Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Kinsale Capital Group's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.05). It may suggest that Kinsale Capital Group is progressively becoming less dependent on debt to grow their business.

Kinsale Capital Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kinsale Capital 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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Kinsale Capital Group LT-Debt-to-Total-Asset Chart

Kinsale Capital Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.07

0.05

Kinsale Capital Group 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															0.07	0.06	0.05	0.05	0.05

Kinsale Capital Group LT-Debt-to-Total-Asset Calculation

Kinsale Capital 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 )
	=	168.587	/	3459.817
	=	0.05

Kinsale Capital Group'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 )
	=	169.202	/	3708.784
	=	0.05

Kinsale Capital Group (FRA:KCH) 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.

Kinsale Capital Group LT-Debt-to-Total-Asset Related Terms

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Kinsale Capital Group (FRA:KCH) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

KNSL:USA KCH:Germany

Address

2035 Maywill Street, Suite 100, Richmond, VA, USA, 23230

Website

https://www.kinsalecapitalgroup.com

Kinsale Capital Group Inc is an insurance holding company. The company is engaged in offering property, casualty, and specialty insurance products. It offers specialty insurance products for allied health, healthcare, life sciences, a professional, and a public entity. The company operates in only one reportable segment that is the Excess and Surplus Lines Insurance segment, which includes commercial excess and surplus lines liability and property insurance products through its underwriting divisions. The company generates revenues in the form of premiums and investment income.

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