Canadian General Investments (TSX:CGI) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2024)

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What is Canadian General Investments 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. Canadian General Investments's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.12.

Canadian General Investments's long-term debt to total assets ratio declined from Dec. 2023 (0.13) to Dec. 2024 (0.12). It may suggest that Canadian General Investments is progressively becoming less dependent on debt to grow their business.

Canadian General Investments LT-Debt-to-Total-Asset Historical Data

The historical data trend for Canadian General Investments'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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Canadian General Investments LT-Debt-to-Total-Asset Chart

Canadian General Investments Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.08

0.07

0.13

0.12

Canadian General Investments Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	-	0.13	0.12	0.12

Canadian General Investments LT-Debt-to-Total-Asset Calculation

Canadian General Investments'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	/	1648.708
	=	0.12

Canadian General Investments'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	/	1648.708
	=	0.12

Canadian General Investments (TSX:CGI) 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.

Canadian General Investments LT-Debt-to-Total-Asset Related Terms

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Canadian General Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canadian General Investments Ltd (TSX:CGI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CGI:UK

Address

10 Toronto Street, Toronto, ON, CAN, M5C 2B7

Website

https://www.canadiangeneralinvestments.ca

Canadian General Investments Ltd is a Canadian closed-end investment fund. Its investment objective is to provide better than average returns to investors by investing in medium- to long-term investments. The company's strategy involves prudent security selection and recognition of capital gains or losses. CGI's investment portfolio entails companies in multiple sectors such as Information Technology, Industrials, materials, financials, consumer discretionary, energy, Real Estate, Communication Services, Health Care, Cash, and Utilities.

Executives

A. Michelle Lally	Director
Marcia Lewis Brown	Director
Michael Christopher Walke	Director

Canadian General Investments Headlines

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