Unum Group (Unum Group) LT-Debt-to-Total-Asset

: 0.05 (As of Dec. 2023)

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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. Unum Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Unum Group's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.05). It may suggest that Unum Group is progressively becoming less dependent on debt to grow their business.

Unum Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Unum 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.

* Premium members only.

Unum Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.05

0.06

0.05

Unum Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset																0.06	0.06	0.06	0.06	0.05

Unum Group LT-Debt-to-Total-Asset Calculation

Unum 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 )
	=	3430.4	/	63255.2
	=	0.05

Unum 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 )
	=	3430.4	/	63255.2
	=	0.05

Unum Group (NYSE:UNM) 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.

Unum Group LT-Debt-to-Total-Asset Related Terms

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Unum Group (Unum Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Unum Group (NYSE:UNM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

UUM:Germany UUM:Germany

Address

1 Fountain Square, Chattanooga, TN, USA, 37402

Website

https://www.unum.com

Unum Group is a provider of group and individual income protection insurance products in the United States, the United Kingdom, Poland, and other countries. It is the largest domestic disability insurer, with the majority of premiums generated from employer plans. The company also offers a complementary portfolio of other insurance products, including long-term care insurance, life insurance, and employer- and employee-paid group benefits. It has the following operating business segments: Unum US, Unum International, and Colonial Life. The majority of the revenue is earned from the Unum US segment. The firm markets its products primarily through brokers.

Executives

Puneet Bhasin	officer: Chief Info & Digital Officer	1001 FANNIN, SUITE 4000, HOUSTON TX 77002
Christopher W Pyne	officer: EVP, Group Benefits	1 FOUNTAIN SQUARE, LAW DEPT. (7N200), CHATTANOOGA TN 37402
Timothy Gerald Arnold	officer: EVP, President & CEO, Colonial	1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Mojgan M Lefebvre	director	385 WASHINGTON STREET, ST. PAUL MN 55102
Rice Walter Lynn Jr	officer: SVP, Chief Accounting Officer	1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402-1307
Michael Q Simonds	officer: EVP, President & CEO, Unum US	1 FOUNTAIN SQUARE, LAW DEPT. (7S730), CHATTANOOGA TN 37402
Gloria C Larson	director	UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Lisa G Iglesias	officer: EVP, General Counsel	1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
Richard P Mckenney	officer: Executive Vice President	UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Cherie Pashley	officer: SVP, Chief Accounting Officer	1 FOUNTAIN SQUARE, LAW DEPT. 7N200, CHATTANOOGA TN 37402
Gale V. King	director	123 SOUTH FRONT STREET, MEMPHIS TN 38103
Francis Shammo	director	1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Timothy F Keaney	director	1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
Mark Paul Till	officer: EVP & CEO Designate, Unum Intl	1 FOUNTAIN SQUARE, LAW DEPARTMENT (E7N200), CHATTANOOGA TN 37402
Martha Leiper	officer: EVP, Chief Investment Officer	9800 FREDERICKSBURG ROAD, SAN ANTONIO TX 78288