ICC Holdings (ICC Holdings) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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

ICC Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.07). It may suggest that ICC Holdings is progressively becoming less dependent on debt to grow their business.

ICC Holdings LT-Debt-to-Total-Asset Historical Data

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

ICC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.07

0.09

0.08

0.07

ICC Holdings 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															0.08	0.07	0.07	0.07	0.07

ICC Holdings LT-Debt-to-Total-Asset Calculation

ICC Holdings'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 )
	=	15	/	211.017
	=	0.07

ICC Holdings'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 )
	=	15	/	216.433
	=	0.07

ICC Holdings (NAS:ICCH) 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.

ICC Holdings LT-Debt-to-Total-Asset Related Terms

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ICC Holdings (ICC Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ICC Holdings Inc (NAS:ICCH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 20th Street, Rock Island, IL, USA, 61201

Website

https://ir.iccholdingsinc.com

ICC Holdings Inc is a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, worker's compensation, and umbrella liability coverages for the food and beverage industry. The company markets its products through a network of independent agents in Colorado, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Pennsylvania, Ohio, and Wisconsin.

Executives

Arron K. Sutherland	officer: President and CEO	225 20TH STREET, ROCK ISLAND IL 61201
Michael R. Smith	officer: Chief Financial Officer	225 20TH STREET, ROCK ISLAND IL 61201
Rock Island Investors, Llc	10 percent owner	1230 PEACHTREE STREET NE, SUITE 3500, ATLANTA GA 30309
John R. Klockau	director, Board of Directors	225 20TH STREET, ROCK ISLAND IL 61201
Norman D. Schmeichel	officer: VP Chief Information Officer	225 20TH STREET, ROCK ISLAND IL 61201
Employee Stock Ownership Trust Icc Holdings, Inc.	10 percent owner	225 20TH STREET, ROCK ISLAND IL 61201
Julia B. Suiter	officer: Chief Legal Officer	225 20TH STREET, ROCK ISLAND IL 61201
Howard J. Beck	officer: Chief Underwriting Officer	225 20TH STREET, ROCK ISLAND IL 61201
Rickey Plunkett	officer: Director of Claims	225 20TH STREET, ROCK ISLAND IL 61201
Richard Kevin Clinton	director	225 20TH STREET, ROCK ISLAND IL 61201
Marilyn J. Clinton	10 percent owner	225 20TH STREET, ROCK ISLAND IL 61201
Joel K Heriford	director, Board of Directors	702 E. OSBORN RD., SUITE 200, PHOENIX AZ 85014
James R. Dingman	director, Board of Directors	225 20TH STREET, ROCK ISLAND IL 61201
Gerald J. Pepping	director, Board of Directors	225 20TH STREET, ROCK ISLAND IL 61201
Mark J. Schwab	director, Board of Directors	225 20TH STREET, ROCK ISLAND IL 61201