United Cooperative Assurance Co (SAU:8190) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is United Cooperative Assurance Co Debt-to-Equity?

United Cooperative Assurance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼0.0 Mil. United Cooperative Assurance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼3.9 Mil. United Cooperative Assurance Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼270.2 Mil. United Cooperative Assurance Co's debt to equity for the quarter that ended in Mar. 2024 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 United Cooperative Assurance Co's Debt-to-Equity or its related term are showing as below:

SAU:8190' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.05
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of United Cooperative Assurance Co was 0.05. The lowest was 0.01. And the median was 0.02.

SAU:8190's Debt-to-Equity is ranked better than
99.74% of 389 companies
in the Insurance industry
Industry Median: 0.24 vs SAU:8190: 0.01

United Cooperative Assurance Co Debt-to-Equity Historical Data

The historical data trend for United Cooperative Assurance Co'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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United Cooperative Assurance Co Debt-to-Equity Chart

United Cooperative Assurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.01

United Cooperative Assurance Co 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															0.02	0.02	0.02	0.01	0.01

Competitive Comparison of United Cooperative Assurance Co's Debt-to-Equity

For the Insurance - Diversified subindustry, United Cooperative Assurance Co'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.

United Cooperative Assurance Co's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, United Cooperative Assurance Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where United Cooperative Assurance Co's Debt-to-Equity falls into.

United Cooperative Assurance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

United Cooperative Assurance Co'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	+	3.777)	/	265.155
	=	0.01

United Cooperative Assurance Co'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	+	3.856)	/	270.164
	=	0.01

United Cooperative Assurance Co (SAU:8190) 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.

United Cooperative Assurance Co Debt-to-Equity Related Terms

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United Cooperative Assurance Co (SAU:8190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » United Cooperative Assurance Co (SAU:8190) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Saud Al Faisal Street, Al-Mukmal Centre (1st and 4th Floor), P.O. Box 5019, Al Khalidiyah District, Jeddah, SAU, 21422

Website

https://www.uca.com.sa

United Cooperative Assurance Co is a company operating in the insurance sector. Its business is divided into four segments including Medical insurance, Motor Insurance, Energy and engineering insurance, and Other classes. The medical insurance segment covers medical costs, medicines, and all other medical services and supplies. Motor Insurance, provides coverage against losses and liability related to motor vehicles, excluding transport insurance. And Other classes segment covers other classes of insurance including property, marine, cargo, aviation, among others. It generates the majority of the revenue from Motor Insurance.

United Cooperative Assurance Co (SAU:8190) Headlines

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