EMC Insurance Group (EMC Insurance Group) Debt-to-Equity : 0.04 (As of Jun. 2019)

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What is EMC Insurance Group Debt-to-Equity?

EMC Insurance Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was $0.0 Mil. EMC Insurance Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2019 was $25.0 Mil. EMC Insurance Group's Total Stockholders Equity for the quarter that ended in Jun. 2019 was $630.6 Mil. EMC Insurance Group's debt to equity for the quarter that ended in Jun. 2019 was 0.04.

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 EMC Insurance Group's Debt-to-Equity or its related term are showing as below:

EMCI's Debt-to-Equity is not ranked ^*
in the Insurance industry.
Industry Median: 0.245
* Ranked among companies with meaningful Debt-to-Equity only.

EMC Insurance Group Debt-to-Equity Historical Data

The historical data trend for EMC Insurance Group'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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EMC Insurance Group Debt-to-Equity Chart

EMC Insurance Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

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0.05

0.04

EMC Insurance Group Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.04	0.04	0.04	0.04

Competitive Comparison of EMC Insurance Group's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, EMC Insurance Group'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.

EMC Insurance Group's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where EMC Insurance Group's Debt-to-Equity falls into.

EMC Insurance Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EMC Insurance Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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	+	25)	/	565.782
	=	0.04

EMC Insurance Group's Debt to Equity Ratio for the quarter that ended in Jun. 2019 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	+	25)	/	630.562
	=	0.04

EMC Insurance Group (NAS:EMCI) 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.

EMC Insurance Group Debt-to-Equity Related Terms

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EMC Insurance Group (EMC Insurance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » EMC Insurance Group Inc (NAS:EMCI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

717 Mulberry Street, Des Moines, IA, USA, 50309

Website

http://www.emcins.com

EMC Insurance Group Inc is a United States based insurance provider that focusses on non-life insurance products. It derives significant revenues from its property and casualty insurance products, which it sells through its subsidiaries company. Its secondary source of revenue is its reinsurance segment. The group manages its reinsurance business through its subsidiary, EMC Reinsurance company, which sells commercial lines of property and casualty insurance products to small and medium-sized businesses.

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