Security National Financial (FRA:XSNA) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Security National 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. Security National Financial's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Security National Financial's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.07). It may suggest that Security National Financial is progressively becoming less dependent on debt to grow their business.

Security National Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Security National 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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Security National Financial LT-Debt-to-Total-Asset Chart

Security National Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.03

0.06

0.07

Security National Financial 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															0.10	0.07	0.08	0.07	0.07

Security National Financial LT-Debt-to-Total-Asset Calculation

Security National 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 )
	=	89.704	/	1311.816
	=	0.07

Security National 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 )
	=	95.988	/	1330.782
	=	0.07

Security National Financial (FRA:XSNA) 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.

Security National Financial LT-Debt-to-Total-Asset Related Terms

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Security National Financial (FRA:XSNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Security National Financial Corp (FRA:XSNA) » Definitions » LT-Debt-to-Total-Asset

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SNFCA:USA

Address

433 West Ascension Way, Salt Lake City, UT, USA, 84123

Website

https://www.securitynational.com

Security National Financial Corp is engaged in the life insurance, cemetery and mortuary, and mortgage loan businesses. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products, and accident and health insurance. Its cemetery and mortuary segment consists of approximately seven mortuaries and five cemeteries in the state of Utah and a cemetery in the state of California. The mortgage loan segment originates and underwrites or otherwise purchases residential and commercial loans for new construction, existing homes, and real estate projects. Geographically all the business activity is functioned through the region of the USA and it derives the majority of revenue from Mortgage segment.

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