Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principle payments will eventually prevent the firm from borrow excessively.
In most industries, total debt may also include current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meaningful to compare total debt amounts between companies that operate within the same sector.
AMP Limited Total Debt Assessment
Based on latest financial disclosure AMP Limited has Total Debt of 14.66 B. This is 59.6% lower than that of Financial sector, and 2.28% lower than that of Life Insurance industry, The Total Debt for all stocks is 115.52% lower than the firm.
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AMP Limited is rated fourth in total debt category among related companies. Total debt of Life Insurance industry is presently estimated at about 30.8 Billion. AMP Limited totals roughly 14.66 Billion in total debt claiming about 48% of all equities under Life Insurance industry.
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