CIC Insurance Group (NAI:CIC) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is CIC Insurance 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. CIC Insurance Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

CIC Insurance Group's long-term debt to total assets ratio declined from Dec. 2021 (0.12) to Dec. 2023 (0.11). It may suggest that CIC Insurance Group is progressively becoming less dependent on debt to grow their business.

CIC Insurance Group LT-Debt-to-Total-Asset Historical Data

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

CIC Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.12

0.11

CIC Insurance Group Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.11	0.11	0.12	0.11	0.11

CIC Insurance Group LT-Debt-to-Total-Asset Calculation

CIC Insurance 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 )
	=	5390.741	/	50299.041
	=	0.11

CIC Insurance Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	5390.741	/	50299.041
	=	0.11

CIC Insurance Group (NAI:CIC) 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.

CIC Insurance Group LT-Debt-to-Total-Asset Related Terms

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CIC Insurance Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CIC Insurance Group Ltd (NAI:CIC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Mara Road, Upper Hill, P.O. Box 59485, CIC Plaza, Nairobi, KEN, 00200

Website

https://cic.co.ke

CIC Insurance Group Ltd is an insurance company. The principal activities of the Company are the transaction of general and life insurance businesses including pension scheme administration and fund management. The Company's reportable segments are long-term business, general insurance business, asset management and other business. Its product portfolio consists of General insurance, Life assurance, Health insurance, and Asset management services. It takes the risk for retail, Cooperative societies, and corporate entities.

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