Apollo Global Management (LTS:0A72) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Apollo Global Management 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. Apollo Global Management's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Apollo Global Management's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.03). It may suggest that Apollo Global Management is progressively becoming more dependent on debt to grow their business.

Apollo Global Management LT-Debt-to-Total-Asset Historical Data

The historical data trend for Apollo Global Management'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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Apollo Global Management LT-Debt-to-Total-Asset Chart

Apollo Global Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.43

0.62

0.45

0.03

Apollo Global Management 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															0.02	0.02	0.03	0.03	0.03

Apollo Global Management LT-Debt-to-Total-Asset Calculation

Apollo Global Management'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 )
	=	8061	/	313488
	=	0.03

Apollo Global Management'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 )
	=	9580	/	334051
	=	0.03

Apollo Global Management (LTS:0A72) 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.

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Apollo Global Management (LTS:0A72) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Apollo Global Management Inc (LTS:0A72) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

APO:USA N7I:Germany

Address

9 West 57th Street, 42nd Floor, New York, NY, USA, 10019

Website

https://www.apollo.com

Apollo Global Management Inc is an alternative investment manager. It serves various sectors such as chemicals, manufacturing and industrial, natural resources, consumer and retail, consumer services, business services, financial services, leisure, and media and telecom and technology. The company operates in three business segments that are Asset Management, Retirement Services, and Principal Investing. It generates maximum revenue from the Retirement Services segment.

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