Grupo Assa (XPTY:ASSA) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Grupo Assa 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. Grupo Assa's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Grupo Assa's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Mar. 2024 (0.03). It may suggest that Grupo Assa is progressively becoming less dependent on debt to grow their business.

Grupo Assa LT-Debt-to-Total-Asset Historical Data

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

Grupo Assa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.07

0.06

0.05

Grupo Assa Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.05	0.05	0.05	0.03

Grupo Assa LT-Debt-to-Total-Asset Calculation

Grupo Assa'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 )
	=	162.699	/	3594.75
	=	0.05

Grupo Assa'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 )
	=	92.58	/	3669.77
	=	0.03

Grupo Assa (XPTY:ASSA) 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.

Grupo Assa LT-Debt-to-Total-Asset Related Terms

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Grupo Assa (XPTY:ASSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Grupo Assa SA (XPTY:ASSA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nicanor de Obarrio Avenue (Calle 50), PO Box 0816-01622, ASSA Building, between Calles 56 and 57, Panama, PAN

Website

https://www.assanet.com

Grupo Assa SA is engaged in the operations of insurance business, banking operations, financial activities and investment operations.

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