Trisura Group (LTS:0AMJ) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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

Trisura Group's long-term debt to total assets ratio increased from Sep. 2023 (0.03) to Sep. 2024 (0.03). It may suggest that Trisura Group is progressively becoming more dependent on debt to grow their business.

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

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

Trisura Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.02

0.04

0.03

0.02

Trisura Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.02	-	0.03	0.03

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

Trisura 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 )
	=	84.698	/	3584.445
	=	0.02

Trisura Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	107.545	/	4111.127
	=	0.03

Trisura Group (LTS:0AMJ) 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.

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

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Trisura Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Trisura Group Ltd (LTS:0AMJ) » Definitions » LT-Debt-to-Total-Asset

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TRRSF:USA TSU:Canada

Address

333 Bay Street, Suite 1610, Box 22, Toronto, ON, CAN, M5H 2R2

Website

https://www.trisura.com

Trisura Group Ltd is a Canadian-based company that engages in the provision of specialty insurance. The operating business segments are Trisura Canada and Trisura U.S. The operations of Trisura Canada comprise Surety business underwritten in both Canada and the United States, and Risk Solutions, Fronting and Corporate Insurance products underwritten in Canada. Trisura U.S. provides specialty fronting insurance solutions underwritten in the United States and includes the active operations of Trisura International.

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