Coface (XPAR:COFA) LT-Debt-to-Total-Asset : 0.34 (As of Sep. 2023)

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What is Coface 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. Coface's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.34.

Coface's long-term debt to total assets ratio increased from Sep. 2022 (0.30) to Sep. 2023 (0.34). It may suggest that Coface is progressively becoming more dependent on debt to grow their business.

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

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

Coface Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.36

0.35

0.32

0.21

Coface Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.21	0.34	0.36	0.34

Coface LT-Debt-to-Total-Asset Calculation

Coface's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	1741.432	/	8450.613
	=	0.21

Coface's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	2667.817	/	7758.857
	=	0.34

Coface (XPAR:COFA) 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.

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

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Coface (XPAR:COFA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Coface SA (XPAR:COFA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

COFAF:USA CFACY:USA 0QVK:UK 65C:Germany

Address

1, place Costes et Bellonte, CS 20003, Bois-Colombes, FRA, 92270

Website

https://www.coface.com

Coface SA is a property and casualty insurance company. The vast majority of its revenue is generated by its group reinsurance business. Most of the company's sales are generated in Europe. The company offers credit insurance products to protect companies against potentially uncollected payments from their customers. Coface's strategy focuses on risk management. The company considers merger and acquisition investment as a component of its operational growth strategy.

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