ArrowMark Financial (FRA:S9O) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2023)

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What is ArrowMark 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. ArrowMark Financial's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.22.

ArrowMark Financial's long-term debt to total assets ratio declined from Jun. 2022 (0.26) to Dec. 2023 (0.22). It may suggest that ArrowMark Financial is progressively becoming less dependent on debt to grow their business.

ArrowMark Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for ArrowMark 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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ArrowMark Financial LT-Debt-to-Total-Asset Chart

ArrowMark Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.23

0.27

0.22

ArrowMark Financial Quarterly Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.29	0.27	0.24	0.22

ArrowMark Financial LT-Debt-to-Total-Asset Calculation

ArrowMark Financial'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 )
	=	41.265	/	186.79
	=	0.22

ArrowMark Financial's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	41.265	/	186.79
	=

ArrowMark Financial (FRA:S9O) 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.

ArrowMark Financial LT-Debt-to-Total-Asset Related Terms

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ArrowMark Financial (FRA:S9O) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ArrowMark Financial Corp (FRA:S9O) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

BANX:USA

Address

100 Fillmore Street, Suite 325, Denver, CO, USA, 80206

Website

https://www.stonecastle-financial.com

ArrowMark Financial Corp is a non-diversified, closed-end management investment company. Its objective is to provide stockholders with current income, and to a lesser extent capital appreciation. The company's investment in various portfolios such as debt securities, trust preferred securities, preferred shares of credit securitization, preferred securities, convertible preferred stock, exchange-traded fund, limited partnership interest, and money market fund.

ArrowMark Financial (FRA:S9O) Headlines

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