Root (ROOT) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2024)

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

Root's long-term debt to total assets ratio declined from Dec. 2023 (0.22) to Dec. 2024 (0.13). It may suggest that Root is progressively becoming less dependent on debt to grow their business.

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

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

Root Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.11

0.23

0.22

0.13

Root 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															0.22	0.21	0.20	0.19	0.13

Root LT-Debt-to-Total-Asset Calculation

Root'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 )
	=	200.1	/	1495.7
	=	0.13

Root'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 )
	=	200.1	/	1495.7
	=	0.13

Root (NAS:ROOT) 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.

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

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Root Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Root Inc (NAS:ROOT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 East Rich Street, Suite 500, Columbus, OH, USA, 43215

Website

https://inc.joinroot.com

Root Inc develops and launches a direct-to-consumer personal automobile insurance and mobile technology company. The company is a direct-to-consumer personal auto insurance, renters insurance and mobile technology company. It generates revenue from the sales of auto insurance policies within the United States.

Executives

Doug Ulman	director	C/O ROOT, INC., 80 E RICH STREET, SUITE 500, COLUMBUS OH 43215
Jonathan Allison	officer: Chief Administrative Officer	ROOT, INC., 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Julie Szudarek	director	80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Meyer Malka	10 percent owner	364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Beth A Birnbaum	director	C/O 111 RIVER STREET, HOBOKEN NJ 07030
Donna Dorsey	director	ROOT, INC., 80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Mahtiyar Bonakdarpour	officer: Chief Technology Officer	80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Bullfrog Capital Gp, Ltd.	10 percent owner	364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Bullfrog Capital, L.p.	10 percent owner	364 UNIVERSITY AVENUE, PALO ALTO CA 94301
Robert H. Bateman	officer: Chief Financial Officer	ONE HARTFORD PLAZA, HARTFORD CT 06155
Daniel H Rosenthal	director, officer: Chief Financial Officer	C/O ROOT, INC., 80 E RICH STREET, SUITE 500, COLUMBUS OH 43215
Lawrence A. Hilsheimer	director	425 WINTER ROAD, DELAWARE OH 43015
Hemal Shah	officer: Chief Product Officer	80 E. RICH STREET, SUITE 500, COLUMBUS OH 43215
Carvana Co.	10 percent owner	300 E. RIO SALADO PARKWAY, TEMPE AZ 85281
Carvana Group, Llc	10 percent owner	1930 W. RIO SALADO PKWY, TEMPE AZ 85281