Sompo Holdings (Sompo Holdings) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is Sompo Holdings Debt-to-Equity?

Sompo Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Sompo Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,773 Mil. Sompo Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $17,788 Mil. Sompo Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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 Sompo Holdings's Debt-to-Equity or its related term are showing as below:

SMPNY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.27 Max: 0.38
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Sompo Holdings was 0.38. The lowest was 0.07. And the median was 0.27.

SMPNY's Debt-to-Equity is ranked worse than
52.09% of 382 companies
in the Insurance industry
Industry Median: 0.25 vs SMPNY: 0.27

Sompo Holdings Debt-to-Equity Historical Data

The historical data trend for Sompo Holdings'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.

Sompo Holdings Debt-to-Equity Chart

Sompo Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.29

0.32

0.26

0.27

0.33

Sompo Holdings 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															0.38	0.33	0.30	0.29	0.27

Competitive Comparison of Sompo Holdings's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Sompo Holdings'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.

Sompo Holdings's Debt-to-Equity Distribution in the Insurance Industry

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

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

Sompo Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sompo Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0	+	4556.572)	/	13873.749
	=	0.33

Sompo Holdings'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
	=	(0	+	4772.558)	/	17787.73
	=	0.27

Sompo Holdings (OTCPK:SMPNY) 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.

Sompo Holdings Debt-to-Equity Related Terms

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

Sompo Holdings (Sompo Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sompo Holdings Inc (OTCPK:SMPNY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NHOLF:USA 8630:Japan ANK:Germany

Address

26-1, Nishi-Shinjuku 1-chome, Shinjuku-ku, Tokyo, JPN, 160-8338

Website

http://www.sompo-hd.com

Sompo Holdings was formed in 2010 after the merger of the former Sompo Japan and Nipponkoa Insurance. The name Sompo, which literally just means "nonlife insurance" in Japanese, was adopted as a common brand in 2001 for a planned three-way merger of Yasuda Fire, Nissan Fire, and Taisei Fire, although that deal had to be reworked after Taisei Fire's sudden bankruptcy from Sept. 11 losses. In the last few years Sompo has worked to integrate the former Nipponkoa, which before the merger had been somewhat of an industry laggard, to improve overall efficiency. Although Nissan Fire is one of its predecessor firms, in reality Sompo's development has been mainly driven by the former Yasuda Fire and the group has balanced ties to most of Japan's automakers, rather than focusing on Nissan.

Sompo Holdings (Sompo Holdings) Headlines

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