Virtus Investment Partners (FRA:VIP) LT-Debt-to-Total-Asset : 0.61 (As of Mar. 2024)

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What is Virtus Investment Partners 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. Virtus Investment Partners's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.61.

Virtus Investment Partners's long-term debt to total assets ratio increased from Mar. 2023 (0.56) to Mar. 2024 (0.61). It may suggest that Virtus Investment Partners is progressively becoming more dependent on debt to grow their business.

Virtus Investment Partners LT-Debt-to-Total-Asset Historical Data

The historical data trend for Virtus Investment Partners'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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Virtus Investment Partners LT-Debt-to-Total-Asset Chart

Virtus Investment Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.66

0.69

0.59

Virtus Investment Partners 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															0.56	0.52	0.59	0.59	0.61

Virtus Investment Partners LT-Debt-to-Total-Asset Calculation

Virtus Investment Partners'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 )
	=	1995.076	/	3373.303
	=	0.59

Virtus Investment Partners'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 )
	=	2001.054	/	3264.275
	=	0.61

Virtus Investment Partners (FRA:VIP) 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.

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Virtus Investment Partners (FRA:VIP) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Virtus Investment Partners Inc (FRA:VIP) » Definitions » LT-Debt-to-Total-Asset

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VRTS:USA

Address

One Financial Plaza, Hartford, CT, USA, 06103

Website

https://www.virtus.com

Virtus Investment Partners Inc provides investment management and related services to individuals and institutions. Its retail products include open-end mutual funds, closed-end funds, exchange-traded funds, and variable insurance funds. Geographically, the activities are carried out through the region of the US and the group generates revenue through investment management fees, distribution and service fees and administration and shareholder service fees.

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