Oman Qatar Insurance CoOG (MUS:OQIC) LT-Debt-to-Total-Asset : 0.00 (As of Dec. 2023)

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What is Oman Qatar Insurance CoOG 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. Oman Qatar Insurance CoOG's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.00.

Oman Qatar Insurance CoOG's long-term debt to total assets ratio declined from Dec. 2022 (0.00) to Dec. 2023 (0.00). It may suggest that Oman Qatar Insurance CoOG is progressively becoming less dependent on debt to grow their business.

Oman Qatar Insurance CoOG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Oman Qatar Insurance CoOG'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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Oman Qatar Insurance CoOG LT-Debt-to-Total-Asset Chart

Oman Qatar Insurance CoOG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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Oman Qatar Insurance CoOG Quarterly Data
	Dec17	Mar18	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Oman Qatar Insurance CoOG LT-Debt-to-Total-Asset Calculation

Oman Qatar Insurance CoOG'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 )
	=	0.12	/	110.941
	=	0.00

Oman Qatar Insurance CoOG'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 )
	=	0.12	/	110.941
	=	0.00

Oman Qatar Insurance CoOG (MUS:OQIC) 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.

Oman Qatar Insurance CoOG LT-Debt-to-Total-Asset Related Terms

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Oman Qatar Insurance CoOG (MUS:OQIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Oman Qatar Insurance Co SAOG (MUS:OQIC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

P.O.Box.3660, Ruwi, OMN, 112

Website

https://www.oqic.com

Oman Qatar Insurance Co SAOG is a life insurance company. It is engaged in the business of life and general insurance within the Sultanate of Oman. The company's segments include: Marine and aviation insurance includes marine cargo, marine hull, and machinery and aviation; Fire and general insurance includes fire, engineering, energy, motor, general accident, medical insurance, and third-party liability; and Group life and credit life insurance.

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