AXA (AXAHY) Debt-to-Asset : 0.11 (As of Jun. 2023)

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What is AXA Debt-to-Asset?

AXA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0 Mil. AXA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $75,228 Mil. AXA's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2023 was $688,597 Mil. AXA's debt to asset for the quarter that ended in Jun. 2023 was 0.11.

AXA Debt-to-Asset Historical Data

The historical data trend for AXA's Debt-to-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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AXA Debt-to-Asset Chart

AXA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Asset

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0.07

0.08

0.09

AXA Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Asset	Get a 7-Day Free Trial															0.07	0.08	0.08	0.09	0.11

Competitive Comparison of AXA's Debt-to-Asset

For the Insurance - Diversified subindustry, AXA's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AXA's Debt-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, AXA's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where AXA's Debt-to-Asset falls into.

AXA Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

AXA's Debt-to-Asset for the fiscal year that ended in Dec. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(2004.237	+	65523.305)	/	738026.483
	=	0.09

AXA's Debt-to-Asset for the quarter that ended in Jun. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	75227.519)	/	688596.966
	=	0.11

AXA (OTCPK:AXAHY) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

AXA Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of AXA's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

AXA (AXAHY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AXA SA (OTCPK:AXAHY) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

AXAHF:USA AXA:Italy CSp:UK 0HAR:UK CS:France AXA:Germany CS:Austria

Address

25, Avenue Matignon, Paris, FRA, 75008

Website

https://www.axa.com

AXA's origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French security system. With the threat of nationalization, a merger took place between three insurance groups The Drouot Group, AXA (still known as Mutuelles Unies in 1982), and Presence Group. Ten years later AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought UAP, a large French insurer at that time. Yet, as markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in U.S. investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About 5 years ago AXA began reshaping its portfolio again.

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