Menora Mivtachim Holdings (XTAE:MMHD) Debt-to-Equity : 0.58 (As of Dec. 2023)

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What is Menora Mivtachim Holdings Debt-to-Equity?

Menora Mivtachim Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪0 Mil. Menora Mivtachim Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪3,716 Mil. Menora Mivtachim Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪6,431 Mil. Menora Mivtachim Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.58.

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

XTAE:MMHD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.33 Med: 0.51 Max: 0.62
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of Menora Mivtachim Holdings was 0.62. The lowest was 0.33. And the median was 0.51.

XTAE:MMHD's Debt-to-Equity is ranked worse than
77.49% of 382 companies
in the Insurance industry
Industry Median: 0.24 vs XTAE:MMHD: 0.58

Menora Mivtachim Holdings Debt-to-Equity Historical Data

The historical data trend for Menora Mivtachim 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.

Menora Mivtachim Holdings Debt-to-Equity Chart

Menora Mivtachim Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.51

0.45

0.33

0.58

Menora Mivtachim 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															0.58	0.58	0.57	0.61	0.58

Competitive Comparison of Menora Mivtachim Holdings's Debt-to-Equity

For the Insurance - Life subindustry, Menora Mivtachim 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.

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

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

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

Menora Mivtachim Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Menora Mivtachim 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
	=	(0	+	3715.782)	/	6430.837
	=	0.58

Menora Mivtachim 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	+	3715.782)	/	6430.837
	=	0.58

Menora Mivtachim Holdings (XTAE:MMHD) 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.

Menora Mivtachim Holdings Debt-to-Equity Related Terms

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Menora Mivtachim Holdings (XTAE:MMHD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Menora Mivtachim Holdings Ltd (XTAE:MMHD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Menorah House, 115 Allenby Street, Tel Aviv, ISR, 61008

Website

http://www.menora.co.il

Menora Mivtachim Holdings Ltd is a diversified insurance and finance group that operates in Israel. The company specializes in asset management and diversified insurance services, including general, life, and health insurance. Menora is also active within the capital market in a variety of fields, including corporate finance, investment banking, structured finance, and more. The company offers a broad variety of mutual funds that invest in various avenues in Israel and around the world, while also managing pension products and provident funds.

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