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LGGNY (Legal & General Group) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)


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What is Legal & General 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. Legal & General Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Legal & General Group's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.01). It may suggest that Legal & General Group is progressively becoming more dependent on debt to grow their business.

Legal & General Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Legal & General 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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Legal & General Group LT-Debt-to-Total-Asset Chart

Legal & General Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 0.01

Legal & General Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 0.01

Legal & General Group LT-Debt-to-Total-Asset Calculation

Legal & General Group'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 )
=7406.329/660879.747
=0.01

Legal & General Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=7751.908/669871.501
=0.01

* 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.

Legal & General Group  (OTCPK:LGGNY) 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.

Legal & General Group LT-Debt-to-Total-Asset Related Terms

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Legal & General Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legal & General Group PLC (OTCPK:LGGNY) » Definitions » LT-Debt-to-Total-Asset
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Address
One Coleman Street, London, GBR, EC2R 5AA
Website
https://www.legalandgeneralgroup.com
Legal & General Group PLC operates across four broad business areas of retirement, investment management, capital investment, and Retail. The retirement business provides guaranteed retirement income for corporate pension scheme members. The Investment Management business provides investment management services for both individuals and corporations, including managing pension funds. Capital investment uses customers' pension assets, as well as the group's shareholder capital, to make long-term investments in assets such as clean energy, housing, and SME finance. The Retail business provides of UK retail retirement and protection solutions and US brokerage term life insurance. The majority of its assets under management are derived from the United Kingdom and Europe.