Nepal Insurance Co (XNEP:NICL) LT-Debt-to-Total-Asset : 0.00 (As of Oct. 2024)

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What is Nepal Insurance 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. Nepal Insurance Co's long-term debt to total assests ratio for the quarter that ended in Oct. 2024 was 0.00.

Nepal Insurance Co's long-term debt to total assets ratio declined from Jul. 2023 (0.01) to Oct. 2024 (0.00). It may suggest that Nepal Insurance Co is progressively becoming less dependent on debt to grow their business.

Nepal Insurance Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nepal Insurance 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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Nepal Insurance Co LT-Debt-to-Total-Asset Chart

Nepal Insurance Co Annual Data

Trend

Jul16

Jul17

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Jul23

LT-Debt-to-Total-Asset

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0.01

Nepal Insurance Co Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Oct24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	-	-	-

Nepal Insurance Co LT-Debt-to-Total-Asset Calculation

Nepal Insurance Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	58.799	/	5349.69
	=	0.01

Nepal Insurance Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

LT Debt to Total Assets (Q: Oct. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Oct. 2024 )	/	Total Assets (Q: Oct. 2024 )
	=	0	/	7093.519
	=	0.00

Nepal Insurance Co (XNEP:NICL) 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.

Nepal Insurance Co LT-Debt-to-Total-Asset Related Terms

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Nepal Insurance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Nepal Insurance Co Ltd (XNEP:NICL) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Ganeshthan, P.O. Box: 3623, 1st Floor, Ameer Bhawan, Kamaladi, Kathmandu, NPL

Website

https://www.nepalinsurance.com.np

Nepal Insurance Co Ltd is a non-life insurance company in Nepal. The company offers motor insurance, property insurance, home insurance, marine insurance, engineering insurance, aviation insurance, agricultural and livestock insurance, and other miscellaneous insurance.

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