Greenlight Capital Re (FRA:G8L) Debt-to-Equity : 0.12 (As of Mar. 2024)

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What is Greenlight Capital Re Debt-to-Equity?

Greenlight Capital Re's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil. Greenlight Capital Re's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €66.7 Mil. Greenlight Capital Re's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €574.5 Mil. Greenlight Capital Re's debt to equity for the quarter that ended in Mar. 2024 was 0.12.

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 Greenlight Capital Re's Debt-to-Equity or its related term are showing as below:

FRA:G8L' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.2 Max: 0.22
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Greenlight Capital Re was 0.22. The lowest was 0.11. And the median was 0.20.

FRA:G8L's Debt-to-Equity is ranked better than
65.3% of 389 companies
in the Insurance industry
Industry Median: 0.24 vs FRA:G8L: 0.12

Greenlight Capital Re Debt-to-Equity Historical Data

The historical data trend for Greenlight Capital Re'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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Greenlight Capital Re Debt-to-Equity Chart

Greenlight Capital Re Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.21

0.16

0.12

Greenlight Capital Re 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															0.12	0.11	0.13	0.12	0.12

Competitive Comparison of Greenlight Capital Re's Debt-to-Equity

For the Insurance - Reinsurance subindustry, Greenlight Capital Re'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.

Greenlight Capital Re's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Greenlight Capital Re's Debt-to-Equity falls into.

Greenlight Capital Re Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greenlight Capital Re'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
	=	(0	+	67.199)	/	546.619
	=	0.12

Greenlight Capital Re'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	+	66.669)	/	574.501
	=	0.12

Greenlight Capital Re (FRA:G8L) 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.

Greenlight Capital Re Debt-to-Equity Related Terms

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

Greenlight Capital Re (FRA:G8L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Greenlight Capital Re Ltd (FRA:G8L) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GLRE:USA

Address

65 Market Street, Suite 1207, P.O. Box 31110, Camana Bay, Grand Cayman, CYM, KY1-1205

Website

https://www.greenlightre.com

Greenlight Capital Re Ltd offers property and casualty reinsurance. Its customers are property and casualty insurers, and Greenlight takes on some of their risk in exchange for insurance premiums. It operates through one operating segment: property and casualty reinsurance. It generates revenue through premiums from reinsurance on property and casualty business assumed, and income from investments. Most of the revenue is generated from policies written in the United States and the Caribbean.

Greenlight Capital Re (FRA:G8L) Headlines

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