First Mutual Holdings (XZIM:FMHL.ZW) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2023)

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What is First Mutual 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. First Mutual Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.02.

First Mutual Holdings's long-term debt to total assets ratio increased from Sep. 2021 (0.00) to Jun. 2023 (0.02). It may suggest that First Mutual Holdings is progressively becoming more dependent on debt to grow their business.

First Mutual Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Mutual 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.

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First Mutual Holdings LT-Debt-to-Total-Asset Chart

First Mutual Holdings Annual Data

Trend

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

First Mutual Holdings Quarterly Data
	Jun18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Jun22	Sep22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												-	0.01	-	0.01	0.02

First Mutual Holdings LT-Debt-to-Total-Asset Calculation

First Mutual Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	12.939	/	15477.41
	=	0.00

First Mutual Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	21940.354	/	1367311.128
	=

First Mutual Holdings (XZIM:FMHL.ZW) 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.

First Mutual Holdings LT-Debt-to-Total-Asset Related Terms

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First Mutual Holdings (XZIM:FMHL.ZW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First Mutual Holdings Ltd (XZIM:FMHL.ZW) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

First Mutual Park, 100 Borrowdale Road, Borrowdale, P.O. Box BW 178, Second Floor, Harare, ZWE

Website

https://www.firstmutual.co.zw

First Mutual Holdings Ltd is a Zimbabwe-based investment and financial service company. Its segments are life and pensions insurance, health insurance, short-term insurance, reinsurance, property and casualty insurance, property management and development, and wealth management.

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