Progressive (NYSE:PGR) LT-Debt-to-Total-Asset

: 0.09 (As of Sep. 2022)

View and export this data going back to 1987. Start your Free Trial

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. Progressive's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.09.

Progressive's long-term debt to total assets ratio increased from Sep. 2021 (0.07) to Sep. 2022 (0.09). It may suggest that Progressive is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Progressive'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.

* Premium members only.

Progressive Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.08

0.07

0.09

Progressive Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
LT-Debt-to-Total-Asset																0.07	0.09	0.09	0.09	0.09

Progressive LT-Debt-to-Total-Asset Calculation

Progressive's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	4898.8	/	71132.3
	=	0.07

Progressive's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	6387.4	/	75524.2
	=	0.08

Progressive (NYSE:PGR) 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.

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

Thank you for viewing the detailed overview of Progressive's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Progressive (NYSE:PGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Progressive Corp (NYSE:PGR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PGR:Mexico 0KOC:UK PGV:Germany PGV:Germany P1GR34:Brazil

Address

6300 Wilson Mills Road, Mayfield Village, OH, USA, 44143

Website

https://www.progressive.com

Progressive underwrites private and commercial auto insurance and specialty lines; it has over 20 million personal auto policies in force and is the fourth- largest auto insurer in the United States. Progressive markets its policies through independent insurance agencies in the U.S. and Canada and directly via the internet and telephone. Its premiums are split roughly equally between the agent and the direct channel. The company also offers commercial auto policies and entered homeowners insurance through an acquisition in 2015.

Executives

Craig Pamela	director	C/O ACCENTURE 161 N CLARK STREET CHICAGO IL 60601
Clawson William L. Ii	officer: Chief Human Resources Officer	C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Kent Remi	officer: Chief Marketing Officer	6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Bauer Jonathan S.	officer: Chief Investment Officer	6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Marshall Mariann Wojtkun	officer: Chief Accounting Officer	C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS RD. MAYFIELD VILLAGE OH 44143
Tighe Jan E	director	C/O GOLDMAN SACHS & CO. LLC 200 WEST STREET NEW YORK NY 10282
Snyder Barbara R	director	127 PUBLIC SQUARE CLEVELAND OH 44114
Quigg Andrew J	officer: Chief Strategy Officer	C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Bleser Philip	director	8760 CLAY ROAD SUITE 100 HOUSTON TX 77494
Broz Steven	officer: Chief Information Officer	C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Niederst Lori A	officer: CRM President	C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Bailo Karen	officer: Commercial Lines President	6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Mascaro Daniel P	officer: Vice Pres, Secretary and CLO	C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Murphy John Jo	officer: Claims President	C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143
Callahan Patrick K	officer: Personal Lines President	C/O THE PROGRESSIVE CORPORATION 6300 WILSON MILLS ROAD MAYFIELD VILLAGE OH 44143