Nobleoak Life (ASX:NOL) Debt-to-Equity

: 0.08 (As of Dec. 2023)

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Nobleoak Life's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.0 Mil. Nobleoak Life's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$5.6 Mil. Nobleoak Life's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$66.2 Mil. Nobleoak Life's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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 Nobleoak Life's Debt-to-Equity or its related term are showing as below:

ASX:NOL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.08
Current: 0.08

During the past 2 years, the highest Debt-to-Equity Ratio of Nobleoak Life was 0.08. The lowest was 0.01. And the median was 0.03.

ASX:NOL's Debt-to-Equity is ranked better than
71.54% of 383 companies
in the Insurance industry
Industry Median: 0.24 vs ASX:NOL: 0.08

Nobleoak Life Debt-to-Equity Historical Data

The historical data trend for Nobleoak Life'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.

Nobleoak Life Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

0.01

0.05

Nobleoak Life Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity		0.01	0.01	0.05	0.05	0.08

Competitive Comparison

For the Insurance - Life subindustry, Nobleoak Life'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.

Nobleoak Life Debt-to-Equity Distribution

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

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

Nobleoak Life Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nobleoak Life'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
	=	(5.834	+	0)	/	119.839
	=	0.05

Nobleoak Life'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	+	5.561)	/	66.192
	=	0.08

Nobleoak Life (ASX:NOL) 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.

Nobleoak Life Debt-to-Equity Related Terms

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

Nobleoak Life (ASX:NOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Nobleoak Life Ltd (ASX:NOL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Market Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.nobleoak.com.au

Nobleoak Life Ltd is a registered friendly society providing life insurance. Its insurance options include Life Insurance, Income Protection Insurance, Trauma Insurance, TPD Insurance, and Business Expenses Insurance. The company's segment includes Direct; Strategic Partnerships and Genus. It generates maximum revenue from the Direct segment.

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