Definity Financial (Definity Financial) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Definity Financial 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. Definity Financial's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Definity Financial's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.02). It may suggest that Definity Financial is progressively becoming more dependent on debt to grow their business.

Definity Financial LT-Debt-to-Total-Asset Historical Data

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

Definity Financial Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

0.02

Definity Financial Quarterly Data
	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									0.01	0.02	0.02	0.02	0.02

Definity Financial LT-Debt-to-Total-Asset Calculation

Definity Financial'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 )
	=	111.732	/	5411.076
	=	0.02

Definity Financial'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 )
	=	112.736	/	5328.457
	=	0.02

Definity Financial (OTCPK:DFYFF) 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.

Definity Financial LT-Debt-to-Total-Asset Related Terms

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Definity Financial (Definity Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Definity Financial Corp (OTCPK:DFYFF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

DFY:Canada

Address

111 Westmount Road South, Waterloo, ON, CAN, N2L 2L6

Website

https://www.definityfinancial.com

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers. Its commercial insurance products include fleet, individually-rated commercial auto, property, liability, and specialty insurance products.