PT Asuransi Tugu Pratama Indonesia Tbk (ISX:TUGU) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is PT Asuransi Tugu Pratama Indonesia Tbk 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. PT Asuransi Tugu Pratama Indonesia Tbk's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

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

PT Asuransi Tugu Pratama Indonesia Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Asuransi Tugu Pratama Indonesia Tbk'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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PT Asuransi Tugu Pratama Indonesia Tbk LT-Debt-to-Total-Asset Chart

PT Asuransi Tugu Pratama Indonesia Tbk Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

PT Asuransi Tugu Pratama Indonesia Tbk 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															0.01	0.01	0.01	0.01	0.02

PT Asuransi Tugu Pratama Indonesia Tbk LT-Debt-to-Total-Asset Calculation

PT Asuransi Tugu Pratama Indonesia Tbk'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 )
	=	302344.246	/	25137942.615
	=	0.01

PT Asuransi Tugu Pratama Indonesia Tbk'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 )
	=	398107.411	/	26294550.451
	=	0.02

PT Asuransi Tugu Pratama Indonesia Tbk (ISX:TUGU) 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.

PT Asuransi Tugu Pratama Indonesia Tbk LT-Debt-to-Total-Asset Related Terms

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PT Asuransi Tugu Pratama Indonesia Tbk (ISX:TUGU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PT Asuransi Tugu Pratama Indonesia Tbk (ISX:TUGU) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Jalan H.R. Rasuna Said Kav C 8-9, Gedung Wisma Tugu I, South Jakarta, Jakarta, IDN, 12920

Website

https://www.tugu.com

PT Asuransi Tugu Pratama Indonesia Tbk is an insurance company. The company has four business segments namely General insurance; Reinsurance; Rental and related business; and Others. Geographically, it derives majority of revenue from Indonesia. Its products include Fire and Property, Health, Personal, Aviation, Marine Hull, Cargo and Protection and Indemnity, Engineering, and other Miscellaneous insurance.

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