Atlantic American (Atlantic American) Debt-to-Equity : 0.34 (As of Dec. 2023)

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What is Atlantic American Debt-to-Equity?

Atlantic American's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.0 Mil. Atlantic American's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $33.7 Mil. Atlantic American's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $107.3 Mil. Atlantic American's debt to equity for the quarter that ended in Dec. 2023 was 0.34.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Atlantic American's Debt-to-Equity or its related term are showing as below:

AAME' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.32 Max: 0.35
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Atlantic American was 0.35. The lowest was 0.23. And the median was 0.32.

AAME's Debt-to-Equity is ranked worse than
61.26% of 382 companies
in the Insurance industry
Industry Median: 0.25 vs AAME: 0.34

Atlantic American Debt-to-Equity Historical Data

The historical data trend for Atlantic American's Debt-to-Equity 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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Atlantic American Debt-to-Equity Chart

Atlantic American Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.29

0.23

0.24

0.35

0.34

Atlantic American Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.35	0.35	0.36	0.37	0.34

Competitive Comparison of Atlantic American's Debt-to-Equity

For the Insurance - Life subindustry, Atlantic American's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Atlantic American's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Atlantic American's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Atlantic American's Debt-to-Equity falls into.

Atlantic American Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atlantic American's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.019	+	33.738)	/	107.275
	=	0.34

Atlantic American's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.019	+	33.738)	/	107.275
	=	0.34

Atlantic American (NAS:AAME) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Atlantic American Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Atlantic American's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Atlantic American (Atlantic American) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Atlantic American Corp (NAS:AAME) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4370 Peachtree Road, N.E., Atlanta, GA, USA, 30319

Website

https://www.atlam.com

Atlantic American Corp operates in specialty markets within the life and health and property and casualty insurance industries. It provides property and casualty insurance including bodily injury and property damage liability coverage, uninsured motorist coverage, and physical damage coverage for commercial accounts. It also provides tailored business automobile insurance coverage, on a multi-year contract basis, to state governments and local municipalities. The company's life and health operations offer a variety of life and supplemental health products including ordinary and term life insurance, Medicare supplement, and other health insurance. It earns revenue from the collection of premiums and investment income.

Executives

Harriett J Robinson	director, 10 percent owner, other: Trustee under Rule 16a-8
Bankers Fidelity Life Insurance Co	other: Wholly owned subsidiary	4370 PEACHTREE ROAD NE, ATLANTA GA 30319
Jeffrey Ross Franklin	officer: CFO	4370 PEACHTREE ROAD NE, ATLANTA GA 30319
Mark E. Preisinger	director	C/O ATLANTIC AMERICAN CORPORATION, 4370 PEACHTREE ROAD, SUITE 200, ATLANTA GA 30319
D Keehln Wheeler	director	3731 WIEUCA ROAD, ATLANTA GA 30342
William H Whaley	director	3980 RANDALL MILL RD NW, ATLANTA GA 30327
Joseph M Scheerer	director	41 PARK AVENUE, APARTMENT #8H, NEW YORK NY 10016
Samuel E Hudgins	director
Edward E Elson	director
Dom H Wyant	director
J Mack Robinson	10 percent owner	4370 PEACHTREE RD, ATLANTA GA 30319
Robin Robinson Howell	director	3656 TUXEDO ROAD NW, ATLANTA GA 30305
Sample John G Jr	officer: Senior Vice President & CFO
Howell Hilton H Jr	director, officer: Chairman, President & CEO	4370 PEACHTREE ROAD, N.E., ATLANTA GA 30319
Scott G Thompson	director, officer: Pres & CEO Am. Sou. Ins. Co.