OUTsurance Group (JSE:OUT) Debt-to-Equity : 0.01 (As of Jun. 2023)

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What is OUTsurance Group Debt-to-Equity?

OUTsurance Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was R0 Mil. OUTsurance Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was R80 Mil. OUTsurance Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was R12,973 Mil. OUTsurance Group's debt to equity for the quarter that ended in Jun. 2023 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 OUTsurance Group's Debt-to-Equity or its related term are showing as below:

JSE:OUT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.14
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of OUTsurance Group was 0.14. The lowest was 0.00. And the median was 0.01.

JSE:OUT's Debt-to-Equity is ranked better than
99.74% of 386 companies
in the Insurance industry
Industry Median: 0.24 vs JSE:OUT: 0.01

OUTsurance Group Debt-to-Equity Historical Data

The historical data trend for OUTsurance 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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OUTsurance Group Debt-to-Equity Chart

OUTsurance Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.11

0.09

0.01

OUTsurance Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	-	0.01	0.01	0.01

Competitive Comparison of OUTsurance Group's Debt-to-Equity

For the Insurance - Diversified subindustry, OUTsurance 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.

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

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

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

OUTsurance Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OUTsurance Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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	+	80)	/	12973
	=	0.01

OUTsurance Group's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	80)	/	12973
	=	0.01

OUTsurance Group (JSE:OUT) 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.

OUTsurance Group Debt-to-Equity Related Terms

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

OUTsurance Group (JSE:OUT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » OUTsurance Group Ltd (JSE:OUT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1241 Embankment Road, Zwartkop Ext 7, Centurion, GT, ZAF, 0157

Website

https://www.outsurance.co.za

OUTsurance Group Ltd is a South African investment holding company with the objective of achieving superior returns for investors. The company mainly engaged in healthcare funding, wellness, and financial services industries, employee benefits, investment and savings, healthcare solutions and short-term insurance to individual clients, small and medium businesses, large companies, organizations and public enterprises through investments in Discovery Limited, MMI Holdings Limited, OUTsurance Holdings Limited and RMB-SI investments proprietary Ltd. It holds a number of brands such as Discovery Health, Discovery Life, Discovery Invest, Momentum, and Ping An Health. The company earns a majority of its revenue South Africa.