Jubilee Life Insurance Co (KAR:JLICL) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Jubilee Life Insurance Co 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. Jubilee Life Insurance Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Jubilee Life Insurance Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Jubilee Life Insurance Co is progressively becoming less dependent on debt to grow their business.

Jubilee Life Insurance Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jubilee Life Insurance Co'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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Jubilee Life Insurance Co LT-Debt-to-Total-Asset Chart

Jubilee Life Insurance Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

Jubilee Life Insurance Co 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	-	-

Jubilee Life Insurance Co LT-Debt-to-Total-Asset Calculation

Jubilee Life Insurance Co'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 )
	=	855.431	/	205490.272
	=	0.00

Jubilee Life Insurance Co'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 )
	=	898.61	/	208475.837
	=	0.00

Jubilee Life Insurance Co (KAR:JLICL) 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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Jubilee Life Insurance Co (KAR:JLICL) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Jubilee Life Insurance Co Ltd (KAR:JLICL) » Definitions » LT-Debt-to-Total-Asset

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Address

M.T. Khan Road, 74/1- A, Lalazar, Jubilee Life Insurance Building, Karachi, SD, PAK, 74000

Website

https://www.jubileelife.com

Jubilee Life Insurance Co Ltd is engaged in life insurance, carrying on non-participating business. It operates through seven segments, namely Individual Life Unit Linked, Conventional Business, Accident & Health Business, Overseas Group Life & Health Business, Individual Family Takafu, Group Family Takaful, and Accident & Health Family Takaful. The company generates the majority of its revenue from the Individual Life Unit Linked segment. Individual life contracts are mainly regular premium unit-linked policies, where policy value is determined as per the underlying assets' value.

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