Power Financial (TSX:PWF.PR.P.PFD) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2020)

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What is Power Financial 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. Power Financial's long-term debt to total assests ratio for the quarter that ended in Sep. 2020 was 0.02.

Power Financial's long-term debt to total assets ratio increased from Sep. 2019 (0.02) to Sep. 2020 (0.02). It may suggest that Power Financial is progressively becoming more dependent on debt to grow their business.

Power Financial LT-Debt-to-Total-Asset Historical Data

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

Power Financial Annual Data

Trend

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LT-Debt-to-Total-Asset

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0.02

Power Financial Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

Power Financial LT-Debt-to-Total-Asset Calculation

Power Financial's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

LT Debt to Total Assets (A: Dec. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2019 )	/	Total Assets (A: Dec. 2019 )
	=	8503	/	471372
	=	0.02

Power Financial's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2020 is calculated as

LT Debt to Total Assets (Q: Sep. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2020 )	/	Total Assets (Q: Sep. 2020 )
	=	11380	/	495355
	=	0.02

Power Financial (TSX:PWF.PR.P.PFD) 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.

Power Financial LT-Debt-to-Total-Asset Related Terms

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Power Financial (TSX:PWF.PR.P.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Power Financial Corp (TSX:PWF.PR.P.PFD) » Definitions » LT-Debt-to-Total-Asset

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Address

751 Victoria Square, Montreal, QC, CAN, H2Y 2J3

Website

https://www.powerfinancial.com

Power Financial Corp, a subsidiary of Power Corporation of Canada, is a diversified management and holding company with interests in the financial services industry through its controlling interests in Great-West Life and IGM Financial. It also has holdings in Pargesa, a diversified industrial group based in Europe. Its segments include Lifeco and IGM Financial and the GBL. The firm's holdings are leading insurance, retirement, wealth management, and investment businesses, including a portfolio of alternative asset investment platforms.

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