Lemonade (MEX:LMND) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Lemonade 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. Lemonade's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Lemonade's long-term debt to total assets ratio increased from Dec. 2023 (0.03) to Dec. 2024 (0.06). It may suggest that Lemonade is progressively becoming more dependent on debt to grow their business.

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

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

Lemonade Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.03

0.06

Lemonade 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															0.03	0.03	0.04	0.05	0.06

Lemonade LT-Debt-to-Total-Asset Calculation

Lemonade'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 )
	=	2235.731	/	38564.275
	=	0.06

Lemonade'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 )
	=	2235.731	/	38564.275
	=	0.06

Lemonade (MEX:LMND) 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.

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

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Lemonade Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Lemonade Inc (MEX:LMND) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

LMND:USA 0A91:UK LE0:Germany

Address

5 Crosby Street, 3rd Floor, New York, NY, USA, 10013

Website

https://www.lemonade.com

Lemonade Inc operates in the insurance industry. The company offers digital and artificial intelligence based platform for various insurances and for settling claims and paying premiums. The platform ensures transparency in issuing policies and settling disputes. The company is using technology, data, artificial intelligence, contemporary design, and social impact to deliver delightful and affordable insurances. Geographically, it operates in California, Texas, New York, New Jersey, Illinois, Georgia, Washington, Colorado, Pennsylvania, Oregon and others.