Universal Insurance Holdings (STU:5UI) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Universal Insurance Holdings 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. Universal Insurance Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.05.

Universal Insurance Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.05). It may suggest that Universal Insurance Holdings is progressively becoming more dependent on debt to grow their business.

Universal Insurance Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Universal Insurance Holdings'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.

* Premium members only.

Universal Insurance Holdings LT-Debt-to-Total-Asset Chart

Universal Insurance Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.05

0.04

Universal Insurance Holdings 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															0.04	0.04	0.04	0.04	0.05

Universal Insurance Holdings LT-Debt-to-Total-Asset Calculation

Universal Insurance Holdings'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 )
	=	93.54	/	2124.286
	=	0.04

Universal Insurance Holdings'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 )
	=	93.67	/	1950.532
	=	0.05

Universal Insurance Holdings (STU:5UI) 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.

Universal Insurance Holdings LT-Debt-to-Total-Asset Related Terms

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

Universal Insurance Holdings (STU:5UI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Universal Insurance Holdings Inc (STU:5UI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

UVE:USA 5UI:Germany

Address

1110 West Commercial Boulevard, Fort Lauderdale, FL, USA, 33309

Website

https://www.universalinsuranceholdings.com

Universal Insurance Holdings Inc is a private personal residential homeowner insurance company. The company all aspects of insurance underwriting, policy issuance, general administration and claims processing and settlement internally through our vertically integrated operations. It generates revenues primarily from the collection of premiums. It operates within Florida and across the United States.

Universal Insurance Holdings (STU:5UI) Headlines

No Headlines