2 2 2 4 Debt ratio of Aviva Vietnam Table 2 5 Debt ratio of Aviva and other companies in 2017 2021 2021 2020 2019 2018 2017 Aviva Vietnam 79 6% 78 1% 73 0% 61 0% 77 0% Hanwha Life Vietnam 64 3% 59 6%.
2.2.2.4 Debt ratio of Aviva Vietnam Table 2.5: Debt ratio of Aviva and other companies in 2017-2021 2021 2020 2019 2018 2017 Aviva Vietnam 79.6% 78.1% 73.0% 61.0% 77.0% Hanwha Life Vietnam 64.3% 59.6% 57.3% 87.3% 75.4% Generali Vietnam 78.0% 78.6% 80.2% 76.9% 68.1% Sun Life Vietnam 26.1% 48.4% 73.9% 72.4% 70.7% (Source: Aviva’s Annual Report, Hanwa Life Vietnam’s Annual Report, Generali Vietnam’s Annual Report and Sun Life’s Annual Report in 2017-2021) It can be seen that Aviva's debt ratio has always remained below 100%, specifically 77.0% in 2017, 61.0% in 2018, 73.0% in 2019, 78.1% in 2020, and 79.6% in 2021 Debt ratio below 100% is interpreted as a good debt ratio, and the company is maintaining more assets than debt Based on the chart above, we can see that Aviva's debt ratio fell sharply in 2018 (down 16%) However, Aviva's debt ratio has steadily increased over the years 2019, 2020, 2021 This shows that the company's assets are getting smaller and smaller and debt is increasing day by day A good debt ratio is below 100%, and the perfect debt ratio for a company is a debt ratio between 0.3 and 0.6 While Aviva's debt ratio has always been below 100%, it has never been in the perfect debt ratio range, and this makes it harder for the company to borrow money from outside sources than it is for companies with debt ratios below 0.4 Figure 2.7: Debt ratios of Aviva and other companies in 2017 -2021