United Cooperative Assurance Co (SAU:8190) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is United Cooperative Assurance Co 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. United Cooperative Assurance Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

United Cooperative Assurance Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that United Cooperative Assurance Co is progressively becoming less dependent on debt to grow their business.

United Cooperative Assurance Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for United Cooperative Assurance Co'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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United Cooperative Assurance Co LT-Debt-to-Total-Asset Chart

United Cooperative Assurance Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

United Cooperative Assurance Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

United Cooperative Assurance Co LT-Debt-to-Total-Asset Calculation

United Cooperative Assurance Co'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 )
	=	3.777	/	629.846
	=	0.01

United Cooperative Assurance Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3.856	/	640.728
	=	0.01

United Cooperative Assurance Co (SAU:8190) 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.

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United Cooperative Assurance Co (SAU:8190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » United Cooperative Assurance Co (SAU:8190) » Definitions » LT-Debt-to-Total-Asset

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Address

Prince Saud Al Faisal Street, Al-Mukmal Centre (1st and 4th Floor), P.O. Box 5019, Al Khalidiyah District, Jeddah, SAU, 21422

Website

https://www.uca.com.sa

United Cooperative Assurance Co is a company operating in the insurance sector. Its business is divided into four segments including Medical insurance, Motor Insurance, Energy and engineering insurance, and Other classes. The medical insurance segment covers medical costs, medicines, and all other medical services and supplies. Motor Insurance, provides coverage against losses and liability related to motor vehicles, excluding transport insurance. And Other classes segment covers other classes of insurance including property, marine, cargo, aviation, among others. It generates the majority of the revenue from Motor Insurance.

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