TWFG (TWFG) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is TWFG 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. TWFG's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

TWFG's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.02). It may suggest that TWFG is progressively becoming more dependent on debt to grow their business.

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

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

TWFG Annual Data

Trend

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.09

0.42

0.02

TWFG Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.42	0.03	0.30	0.02	0.02

TWFG LT-Debt-to-Total-Asset Calculation

TWFG'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 )
	=	48.437	/	115.437
	=	0.42

TWFG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	5.938	/	313.093
	=	0.02

TWFG (NAS:TWFG) 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.

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

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TWFG Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1201 Lake Woodlands Drive, Suite 4020, The Woodlands, TX, USA, 77380

Website

https://www.twfg.com

TWFG Inc is a independent distribution platform for personal and commercial insurance in the United States. It offers all lines of insurance, multiple distribution contract options, M&A services, proprietary virtual assistants, proprietary technology, proprietary premium financing, unlimited continuing education, recognition programs, co-op funding, marketing support and overall lower costs to operate.