Insurance Australia Group (ASX:IAGPD.PFD) Debt-to-Equity : 0.45 (As of Dec. 2023)

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What is Insurance Australia Group Debt-to-Equity?

Insurance Australia Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Insurance Australia Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$3,013.00 Mil. Insurance Australia Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$6,633.00 Mil. Insurance Australia Group's debt to equity for the quarter that ended in Dec. 2023 was 0.45.

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 Insurance Australia Group's Debt-to-Equity or its related term are showing as below:

ASX:IAGPD.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.32 Max: 0.45
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Insurance Australia Group was 0.45. The lowest was 0.24. And the median was 0.32.

ASX:IAGPD.PFD's Debt-to-Equity is ranked worse than
69.11% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs ASX:IAGPD.PFD: 0.45

Insurance Australia Group Debt-to-Equity Historical Data

The historical data trend for Insurance Australia 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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Insurance Australia Group Debt-to-Equity Chart

Insurance Australia Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.33

0.36

0.41

0.40

Insurance Australia Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.41	0.44	0.40	0.45

Competitive Comparison of Insurance Australia Group's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Insurance Australia 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.

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

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

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

Insurance Australia Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Insurance Australia 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
	=	(74	+	2562)	/	6650
	=	0.40

Insurance Australia Group'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	+	3013)	/	6633
	=	0.45

Insurance Australia Group (ASX:IAGPD.PFD) 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.

Insurance Australia Group Debt-to-Equity Related Terms

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

Insurance Australia Group (ASX:IAGPD.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Insurance Australia Group Ltd (ASX:IAGPD.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IAUGY:USA IAUGF:USA NRM:Germany IAG:Australia

Address

Darling Park, 201 Sussex Street, Level 13, Tower Two, Sydney, NSW, AUS, 2000

Website

https://www.iag.com.au

Insurance Australia Group is the biggest domestic general insurer by gross written premium operating in Australia and New Zealand. The key general insurance markets in which the company operates are home and contents, motor vehicle and compulsory third-party, and short-tail commercial. Insurance Australia Group sells insurance under several brands, including NRMA, CGU, SGIO, SGIC, WFI, and Swann in Australia, and NZI, State, AMI, and Lumley in New Zealand.

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