Direct Line Insurance Group (LSE:DLG) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Direct Line Insurance Group 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. Direct Line Insurance Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Direct Line Insurance Group's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Dec. 2023 (0.04). It may suggest that Direct Line Insurance Group is progressively becoming less dependent on debt to grow their business.

Direct Line Insurance Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Direct Line Insurance Group'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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Direct Line Insurance Group LT-Debt-to-Total-Asset Chart

Direct Line Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.07

0.05

0.04

Direct Line Insurance Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	0.04	0.05	0.05	0.04

Direct Line Insurance Group LT-Debt-to-Total-Asset Calculation

Direct Line Insurance Group'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 )
	=	364.9	/	8417.2
	=	0.04

Direct Line Insurance Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	364.9	/	8417.2
	=	0.04

Direct Line Insurance Group (LSE:DLG) 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.

Direct Line Insurance Group LT-Debt-to-Total-Asset Related Terms

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Direct Line Insurance Group (LSE:DLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Direct Line Insurance Group PLC (LSE:DLG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

DIISY:USA DIISF:USA DLGl:UK D1LN:Germany D1LN:Germany

Address

Westmoreland Road, Churchill Court, Bromley, Kent, GBR, BR1 1DP

Website

https://www.directlinegroup.co.uk

While Direct Line is one of the more focused personal lines insurers that we cover in Europe, it is still quite diversified. The business sells insurance under four divisions and those are personal lines motor, personal lines home, rescue and other personal lines, and commercial. Rescue and other personal lines include rescue, travel and pet insurance, and commercial insurance is sold to small and medium sized enterprises. Direct Line only sells insurance in United Kingdom. Direct Lines personal motor insurance division typically accounts for around 50% of total group gross written premium and the personal home insurance unit typically sells around 20%. Rescue and other personal lines account for around 10% and commercial insurance accounts for around 20%.

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