Agent Insurance Group (NGO:5836) LT-Debt-to-Total-Asset : 0.19 (As of Jun. 2024)

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What is Agent 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. Agent Insurance Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.19.

Agent Insurance Group's long-term debt to total assets ratio increased from Jun. 2023 (0.14) to Jun. 2024 (0.19). It may suggest that Agent Insurance Group is progressively becoming more dependent on debt to grow their business.

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

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

Agent Insurance Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.11

0.08

0.07

0.12

Agent Insurance Group Quarterly Data
	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					0.14	0.12	0.12	0.10	0.19

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

Agent 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 )
	=	249.717	/	2148.27
	=	0.12

Agent Insurance 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 )
	=	938.262	/	4901.968
	=	0.19

Agent Insurance Group (NGO:5836) 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.

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

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Agent Insurance Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Agent Insurance Group Inc (NGO:5836) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-29 Ichigaya Honmura-cho, 7th Floor, FORECAST Ichigaya, Shinjuku-ku, Tokyo, JPN, 162-0845

Website

https://www.a-gent.co.jp

Agent Insurance Group Inc is a provider of insurance business. The company operates through two businesses, domestic business and overseas business. In the domestic business, it provides two services: insurance consulting sales and an insurance agent support platform. In overseas business, it provides an insurance brokerage service. It provides solutions to various concerns, such as retirement allowances for executives, retirement allowances and benefits for employees. The company also offers specialized insurance for healthcare workers. It offers insurance that covers compensation for accidents caused by medical services performed by doctors, dentists, and nurses.

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