KINS (Kingstone) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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What is Kingstone 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. Kingstone's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

Kingstone's long-term debt to total assets ratio declined from Dec. 2023 (0.08) to Dec. 2024 (0.03). It may suggest that Kingstone is progressively becoming less dependent on debt to grow their business.

Kingstone LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kingstone'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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Kingstone LT-Debt-to-Total-Asset Chart

Kingstone Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.09

0.08

0.03

Kingstone 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															0.08	0.08	0.08	0.05	0.03

Kingstone LT-Debt-to-Total-Asset Calculation

Kingstone'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 )
	=	11.171	/	374.916
	=	0.03

Kingstone'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 )
	=	11.171	/	374.916
	=	0.03

Kingstone (NAS:KINS) 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.

Kingstone LT-Debt-to-Total-Asset Related Terms

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Kingstone Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kingstone Companies Inc (NAS:KINS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Joys Lane, Kingston, NY, USA, 12401

Website

https://www.kingstonecompanies.com

Kingstone Companies Inc is a multi-line regional property and casualty insurance holding company. It offers insurance policies to small and mid-sized businesses as well as to individuals.

Executives

William L Yankus	director	10 PHEASANT HILL, FARMINGTON CT 06032
Victor J Brodsky	officer: Chief Accounting Officer
Timothy P Mcfadden	director	310 8TH AVENUE NORTH, ST. PETERSBURG FL 33701
Carla D'andre	director	3540 LOQUAT AVENUE, MIAMI FL 33133
Minlei Chen	officer: Chief Actuary and Senior VP	KINGSTONE INSURANCE COMPANY, 15 JOYS LANE, KINGSTON NY 12401
Meryl S. Golden	director, officer: Chief Operating Officer	15 JOYS LANE, KINGSTON NY 12401
Michelle A. Gage	officer: Chief Accounting Officer	C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Jennifer Gravelle	officer: Chief Financial Officer	C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Pelt Scott Van	officer: Chief Financial Officer, Treas	C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Richard Jason Swartz	officer: Chief Accounting Officer	70 EAST SUNRISE HIGHWAY, VALLEY STREAM NY 11581
Floyd R Tupper	director	C/O KINGSTONE COMPANIES, INC., 15 JOYS LANE, KINGSTON NY 12401
Barry Goldstein	director, 10 percent owner, officer: President, COB, CEO, CFO, Trea	15 JOYS LANE, KINGSTON NY 12401
Jay M Haft	director, 10 percent owner	C/O NEUROTROPE, INC., 50 PARK PLACE, SUITE 1401, NEWARK NJ 07102
Dale A Thatcher	director	40 WANTAGE AVE, BRANCHVILLE NJ 07890
Jack D Siebald	director	1336 BOXWOOD DRIVE WEST, HEWLETT HARBOR NY 11557