Sagicor Group Jamaica (XJAM:SJ) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Sagicor Group Jamaica 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. Sagicor Group Jamaica's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Sagicor Group Jamaica's long-term debt to total assets ratio declined from Sep. 2022 (0.01) to Mar. 2024 (0.01). It may suggest that Sagicor Group Jamaica is progressively becoming less dependent on debt to grow their business.

Sagicor Group Jamaica LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sagicor Group Jamaica'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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Sagicor Group Jamaica LT-Debt-to-Total-Asset Chart

Sagicor Group Jamaica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

Sagicor Group Jamaica Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.04	0.01	0.04	0.01

Sagicor Group Jamaica LT-Debt-to-Total-Asset Calculation

Sagicor Group Jamaica'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 )
	=	21845.86	/	560648.971
	=	0.04

Sagicor Group Jamaica'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 )
	=	4362.771	/	565403.581
	=	0.01

Sagicor Group Jamaica (XJAM:SJ) 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.

Sagicor Group Jamaica LT-Debt-to-Total-Asset Related Terms

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Sagicor Group Jamaica (XJAM:SJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sagicor Group Jamaica Ltd (XJAM:SJ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 - 48 Barbados Avenue, R. Danny Williams Building, Kingston, JAM, 5

Website

https://www.sagicor.com

Sagicor Group Jamaica Ltd is a financial services company. The company's business segment includes Individual Lines, Employee Benefits, Commercial Banking, Investment Banking, and others. It generates revenue largely from the Individual Lines segment. The Individual Insurance segment provides individual clients with life and health insurance policies, individual annuities, investment products, living benefits, and other insurance-related solutions through various products. Geographically, it derives a majority of its revenue from Jamaica.