NICO Holdings (MSW:NICO) LT-Debt-to-Total-Asset : 0.00 (As of . 20)

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What is NICO Holdings 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. NICO Holdings's long-term debt to total assests ratio for the quarter that ended in . 20 was 0.00.

NICO Holdings's long-term debt to total assets ratio stayed the same from . 20 (0.00) to . 20 (0.00).

NICO Holdings LT-Debt-to-Total-Asset Historical Data

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

NICO Holdings Annual Data

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NICO Holdings Semi-Annual Data

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NICO Holdings LT-Debt-to-Total-Asset Calculation

NICO Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

NICO Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in . 20 is calculated as

LT Debt to Total Assets (Q: . 20 )	=	Long-Term Debt & Capital Lease Obligation (Q: . 20 )	/	Total Assets (Q: . 20 )
	=		/
	=

NICO Holdings (MSW:NICO) 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.

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NICO Holdings (MSW:NICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NICO Holdings PLC (MSW:NICO) » Definitions » LT-Debt-to-Total-Asset

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Address

Chibisa House-19 Glyn Jones Road, PO Box 501, Blantyre, MWI

Website

https://www.nicomw.com

NICO Holdings PLC is a Malawi based financial service company that operates in diversified business. The company operates in segments including Life Insurance and Pension, General Insurance, Banking, Investment Holding, Asset Management and Information Technology. Its general insurance segment offers personal and commercial insurance covering motor vehicle, building, and road construction, liability, engineering, professional indemnity, marine hull & cargo, fire, and personal accident throughout Malawi, Zambia, Tanzania, and Uganda. While life insurance and pension products including Endowment Assurance are offered in Malawi and Mozambique. Majority of the revenue is earned from the Insurance sector. while its Asset Management and Banking segments are only operated in Malawi.

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