Ceylinco Holdings (COL:CINS.X0000) Debt-to-Equity : 0.03 (As of Mar. 2024)

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What is Ceylinco Holdings Debt-to-Equity?

Ceylinco Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was රු0 Mil. Ceylinco Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was රු2,399 Mil. Ceylinco Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was රු90,899 Mil. Ceylinco Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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

COL:CINS.X0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.04 Max: 0.08
Current: 0.03

During the past 9 years, the highest Debt-to-Equity Ratio of Ceylinco Holdings was 0.08. The lowest was 0.03. And the median was 0.04.

COL:CINS.X0000's Debt-to-Equity is ranked better than
84.62% of 390 companies
in the Insurance industry
Industry Median: 0.23 vs COL:CINS.X0000: 0.03

Ceylinco Holdings Debt-to-Equity Historical Data

The historical data trend for Ceylinco 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.

Ceylinco Holdings Debt-to-Equity Chart

Ceylinco Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.04

0.08

0.04

0.08

Ceylinco Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.04	0.05	0.05	0.08	0.03

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

For the Insurance - Diversified subindustry, Ceylinco 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.

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

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

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

Ceylinco Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ceylinco Holdings'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
	=	(1137.467	+	5957.002)	/	88077.662
	=	0.08

Ceylinco Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	2398.763)	/	90899.162
	=	0.03

Ceylinco Holdings (COL:CINS.X0000) 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.

Ceylinco Holdings Debt-to-Equity Related Terms

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

Ceylinco Holdings (COL:CINS.X0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ceylinco Holdings PLC (COL:CINS.X0000) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CINS.N0000:Sri Lanka

Address

No. 69, Janadhipathi Mawatha, Ceylinco House, Colombo, LKA, 01

Website

https://www.ceylincoinsuranceplc.com

Ceylinco Insurance PLC is engaged in seven business segments. The Life Insurance segment, which is the key revenue driver, offers whole-life products, term products, universal life products, and mortgage protection products. The Non-Life Insurance segment includes motor, fire, engineering, marine, and miscellaneous. The Healthcare segment includes a center for Cancer screening, Radiation treatment units, and a Diabetes center. The Maldives Foreign operations include non-life insurance products in Maldives. The Education Services segment includes primary, secondary, and high education courses. The Power generation segment generates and distributes hydropower to the national grid. Other segment includes investment holding, associate business, investment management & hotel services.

Ceylinco Holdings (COL:CINS.X0000) Headlines

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