AIICO Insurance (NSA:AIIC) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2024)

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What is AIICO Insurance 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. AIICO Insurance's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.13.

AIICO Insurance's long-term debt to total assets ratio increased from Dec. 2023 (0.10) to Dec. 2024 (0.13). It may suggest that AIICO Insurance is progressively becoming more dependent on debt to grow their business.

AIICO Insurance LT-Debt-to-Total-Asset Historical Data

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

AIICO Insurance Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.18

0.15

0.09

0.10

0.13

AIICO Insurance 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															0.10	0.10	0.08	0.12	0.13

AIICO Insurance LT-Debt-to-Total-Asset Calculation

AIICO Insurance'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 )
	=	53040.546	/	416381.727
	=	0.13

AIICO Insurance'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 )
	=	53040.546	/	416381.727
	=	0.13

AIICO Insurance (NSA:AIIC) 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.

AIICO Insurance LT-Debt-to-Total-Asset Related Terms

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AIICO Insurance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AIICO Insurance PLC (NSA:AIIC) » Definitions » LT-Debt-to-Total-Asset

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Address

Churchgate Street, Plot PC 12, AIICO Plaza, Victoria Island, Lagos, NGA

Website

https://www.aiicoplc.com

AIICO Insurance PLC provides life and health insurance, general insurance, investment management, and pension management services as a means to create and protect wealth for individuals, families, and corporate customers in Nigeria. The company's key business areas include Life Insurance Business, Non-Life Insurance Business, Health, and Wealth Management, Deposit Administration, and Financial Services to organizations and private individuals. The group has four reportable segments: Life business which generates maximum revenue, General business, Health management services, and Asset management.

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