OUTsurance Group (JSE:OUT) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)

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What is OUTsurance 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. OUTsurance Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

OUTsurance Group's long-term debt to total assets ratio declined from Jun. 2022 (0.00) to Jun. 2023 (0.00). It may suggest that OUTsurance Group is progressively becoming less dependent on debt to grow their business.

OUTsurance Group LT-Debt-to-Total-Asset Historical Data

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

OUTsurance Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.06

0.05

OUTsurance Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

OUTsurance Group LT-Debt-to-Total-Asset Calculation

OUTsurance Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	80	/	36445
	=	0.00

OUTsurance Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	80	/	36445
	=	0.00

OUTsurance Group (JSE:OUT) 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.

OUTsurance Group LT-Debt-to-Total-Asset Related Terms

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OUTsurance Group (JSE:OUT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » OUTsurance Group Ltd (JSE:OUT) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

1241 Embankment Road, Zwartkop Ext 7, Centurion, GT, ZAF, 0157

Website

https://www.outsurance.co.za

OUTsurance Group Ltd is a South African investment holding company with the objective of achieving superior returns for investors. The company mainly engaged in healthcare funding, wellness, and financial services industries, employee benefits, investment and savings, healthcare solutions and short-term insurance to individual clients, small and medium businesses, large companies, organizations and public enterprises through investments in Discovery Limited, MMI Holdings Limited, OUTsurance Holdings Limited and RMB-SI investments proprietary Ltd. It holds a number of brands such as Discovery Health, Discovery Life, Discovery Invest, Momentum, and Ping An Health. The company earns a majority of its revenue South Africa.