RLI (STU:RL1) Debt-to-Asset : 0.02 (As of Mar. 2024)

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What is RLI Debt-to-Asset?

RLI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil. RLI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €92 Mil. RLI's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was €4,911 Mil. RLI's debt to asset for the quarter that ended in Mar. 2024 was 0.02.

RLI Debt-to-Asset Historical Data

The historical data trend for RLI's Debt-to-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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RLI Debt-to-Asset Chart

RLI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.04

0.08

0.04

RLI Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.04	0.04	0.02	0.04	0.02

Competitive Comparison of RLI's Debt-to-Asset

For the Insurance - Property & Casualty subindustry, RLI's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RLI's Debt-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, RLI's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where RLI's Debt-to-Asset falls into.

RLI Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

RLI's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(91.7	+	91.7)	/	4750.263
	=	0.04

RLI's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	92)	/	4911.336
	=	0.02

RLI (STU:RL1) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

RLI Debt-to-Asset Related Terms

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RLI (STU:RL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » RLI Corp (STU:RL1) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

RLI:USA

Address

9025 North Lindbergh Drive, Peoria, IL, USA, 61615

Website

https://www.rlicorp.com

RLI Corp underwrites property and casualty insurance through its subsidiaries. The company offers insurance coverage in the specialty admitted market, where the products are designed for special risks. It also offers products in the excess and surplus markets, which provides an alternative for customers with risks or loss exposures that generally cannot be written in the standard admitted market. RLI distributes property and casualty insurance through its wholly-owned branch offices that market to wholesale and retail producers. The company's insurance operation segments include casualty, property, and surety and it derives a majority of its revenue from the Casualty segment.

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