American Independence (American Independence) Debt-to-Equity : 0.01 (As of Jun. 2016)

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What is American Independence Debt-to-Equity?

American Independence's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $0.0 Mil. American Independence's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $2.0 Mil. American Independence's Total Stockholders Equity for the quarter that ended in Jun. 2016 was $221.6 Mil. American Independence's debt to equity for the quarter that ended in Jun. 2016 was 0.01.

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 American Independence's Debt-to-Equity or its related term are showing as below:

AMIC's Debt-to-Equity is not ranked ^*
in the Insurance industry.
Industry Median: 0.24
* Ranked among companies with meaningful Debt-to-Equity only.

American Independence Debt-to-Equity Historical Data

The historical data trend for American Independence'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.

* Premium members only.

American Independence Debt-to-Equity Chart

American Independence Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Debt-to-Equity

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0.03

American Independence Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.03	0.03	0.01	0.01

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

For the Insurance - Life subindustry, American Independence'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.

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

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

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

American Independence Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

American Independence's Debt to Equity Ratio for the fiscal year that ended in Dec. 2015 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
	=	(0	+	3.189)	/	103.92
	=	0.03

American Independence's Debt to Equity Ratio for the quarter that ended in Jun. 2016 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
	=	(0	+	2.025)	/	221.638
	=	0.01

American Independence (NAS:AMIC) 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.

American Independence Debt-to-Equity Related Terms

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

American Independence (American Independence) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.americanindependencecorp.com

American Independence Corp is a Delaware corporation. The Company is an insurance holding Company, which provides specialized health coverage and related services to commercial customers and individuals. The Company focuses on niche health products and/or narrowly defined distribution channels in the United States. It's wholly owned subsidiary, Independence American Insurance Company, markets its products through IHC Risk Solutions, LLC, IHC Specialty Benefits, Inc., and IPA Family, LLC, which are subsidiaries of AMIC, and through independent brokers, producers and agents. Independence American is licensed to write property and/or casualty insurance in all 50 states and the District of Columbia, and has an A- (Excellent) rating from A.M. Best Company, Inc. Risk Solutions is a full-service direct writer of medical stop-loss insurance for self-insured employer groups. Risk Solutions has offices near Hartford, Connecticut and Philadelphia, Pennsylvania, and markets and underwrites employer medical stop-loss and group life mainly for Standard Security Life Insurance Company of New York. It also writes, to a much lesser extent, for three other carriers, including Madison National Life Insurance Company, Inc. and Independence American. Independence Holding Company and its subsidiaries including, among others, Standard Security Life and Madison National Life are collectively referred to as "IHC". Independence American writes group important medical, medical stop-loss, crucial medical plans for individuals and families, short-term medical, and dental, and began writing pet insurance in 2012.Independence American competes with many larger insurance and reinsurance companies and managed care organizations. Risk Solutions competes with many other managing general underwriters, insurance companies, and MCOs. AMIC is an insurance holding company; as such, AMIC and its subsidiaries are subject to regulation and supervision by multiple state insurance regulators, including the Office of the Insurance Commissioner of the State of Delaware.

Executives

Teresa A Herbert	director, officer: CFO & SVP	96 CUMMINGS POINT RD, STAMFORD CT 06902
Ronald I Simon	director	485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Thung Roy T K	director, officer: CEO	96 CUMMINGS POINT RD STAMFORD CT 06902
James G Tatum	director	96 CUMMINGS POINT RD STAMFORD CT 06902
David T Kettig	director, officer: President	96 CUMMINGS POINT RD STAMFORD CT 06902
Steven B Lapin	director	96 CUMMINGS POINT RD STAMFORD CT 06902
Brian Schlier	officer: Corporate Vice President - Tax	96 CUMMINGS POINT RD STAMFORD CT 06902
Gary Balzofiore	officer: Corporate Vice President	485 MADISON AVENUE, NEW YORK NY 10022
Jeffrey C Smedsrud	officer: Senior Vice President	8009 34TH AVENUE SOUTH #360 BLOOMINGTON MN 55420
Erickson Bernon Reneld Jr	officer: Chief Health Actuary and SVP	INDEPENDENCE HOLDING COMPANY 485 MADISON AVENUE, 14TH FLOOR NEW YORK NY 10022
Scott Michael Wood	officer: Senior Vice President	2101 W. PEORIA AVE, SUITE 100 PHOENIX AZ 85029
Paul R Janerico	officer: VP - Internal Audit	96 CUMMINGS POINT RD STAMFORD CT 06902
Henry B Spencer	officer: VP - Investments	96 CUMMINGS POINT ROAD STAMFORD CT 06902
Roy L Standfest	officer: V.P.& Chief Investment Officer	96 CUMMINGS POINT RD STAMFORD CT 06902

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