KFS (Kingsway Financial Services) LT-Debt-to-Total-Asset : 0.32 (As of Dec. 2024)

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What is Kingsway Financial Services 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. Kingsway Financial Services's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.32.

Kingsway Financial Services's long-term debt to total assets ratio increased from Dec. 2023 (0.23) to Dec. 2024 (0.32). It may suggest that Kingsway Financial Services is progressively becoming more dependent on debt to grow their business.

Kingsway Financial Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kingsway Financial Services'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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Kingsway Financial Services LT-Debt-to-Total-Asset Chart

Kingsway Financial Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.60

0.20

0.36

0.23

0.32

Kingsway Financial Services Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.23	0.25	0.25	0.32	0.32

Kingsway Financial Services LT-Debt-to-Total-Asset Calculation

Kingsway Financial Services's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	60.219	/	186.616
	=	0.32

Kingsway Financial Services's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	60.219	/	186.616
	=	0.32

Kingsway Financial Services (NYSE:KFS) 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.

Kingsway Financial Services LT-Debt-to-Total-Asset Related Terms

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Kingsway Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kingsway Financial Services Inc (NYSE:KFS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 South Riverside Plaza, Suite 1520, Chicago, IL, USA, 60606

Website

https://www.kingsway-financial.com

Kingsway Financial Services Inc through subsidiaries operates in the extended warranty and business services industries in the United States. The company operates through segments namely, Extended Warranty and Kingsway Search Xcelerator. The Extended Warranty segment provides after-market vehicle protection services distributed by credit unions. The firm generates maximum revenue from the Extended Warranty segment in the form of Service fee and commission income.

Executives

Fitzgerald John Taylor Maloney	director, officer: Executive Vice President	KINGSWAY FINANCIAL SERVICES INC., 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Kent A Hansen	officer: CFO & EVP	C/O KINGSWAY FINANCIAL SERVICES INC., 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Joseph Stilwell	director, 10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Charles L Frischer	director	3156 EAST LAURELHURST DRIVE, NE, SEATTLE WA 98105
Oakmont Capital Inc	10 percent owner	112 ST.CLAIR AVENUE WEST, SUITE 400, ONTARIO Z4 M4V 2Y3
Gregory Paul Hannon	director	OAKMONT CAPITAL INC., 45 ST. CLAIR AVENUE WEST, SUITE 400, TORONTO A6 M4V 1K9
Terence Michael Kavanagh	director	OAKMONT CAPITAL INC., 45 ST. CLAIR AVENUE WEST, SUITE 400, TORONTO A6 M4V 1K9
Paul R. Hogan	officer: Secretary and General Counsel	150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Porcelli Corissa B.	director	150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Stilwell Associates L P	10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Activist Investments, L.p.	10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Activist Fund, L.p.	10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Stilwell Value Partners Vii, L.p.	10 percent owner	111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006
Hickey William August Jr	officer: Executive VP, COO and CFO	KINGSWAY FINANCIAL SERVICES, INC., 150 PIERCE ROAD, SUITE 600, ITASCA IL 60143
Douglas Levine	director	2602 NW 5TH AVENUE, MIAMI FL 33127