PSC Insurance Group (ASX:PSI) Debt-to-Equity : 0.49 (As of Dec. 2023)

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What is PSC Insurance Group Debt-to-Equity?

PSC Insurance Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$6.7 Mil. PSC Insurance Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$225.1 Mil. PSC Insurance Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$471.2 Mil. PSC Insurance Group's debt to equity for the quarter that ended in Dec. 2023 was 0.49.

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

ASX:PSI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.52 Max: 0.72
Current: 0.49

During the past 8 years, the highest Debt-to-Equity Ratio of PSC Insurance Group was 0.72. The lowest was 0.04. And the median was 0.52.

ASX:PSI's Debt-to-Equity is ranked worse than
74.02% of 381 companies
in the Insurance industry
Industry Median: 0.24 vs ASX:PSI: 0.49

PSC Insurance Group Debt-to-Equity Historical Data

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

PSC Insurance Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.38

0.72

0.58

0.52

PSC Insurance Group Semi-Annual Data
	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												0.60	0.52	0.60	0.52	0.49

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

For the Insurance Brokers subindustry, PSC Insurance 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.

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

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

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

PSC Insurance Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PSC Insurance 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
	=	(6.191	+	229.543)	/	453.663
	=	0.52

PSC Insurance 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
	=	(6.694	+	225.073)	/	471.233
	=	0.49

PSC Insurance Group (ASX:PSI) 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.

PSC Insurance Group Debt-to-Equity Related Terms

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

PSC Insurance Group (ASX:PSI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

96 Wellington Parade, Level 4, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.pscinsurancegroup.com.au

PSC Insurance Group is an insurance intermediary which owns broker and underwriting businesses in Australia, New Zealand and the U.K. It also runs the third largest broker network in Australia, allowing independent brokers to access support services for a fee. PSC Insurance derives most of its revenue from commissions (from insurers, ultimately paid for by PSC's customers) based on gross written premium. Broker GWP is split between small to medium enterprises (45%), and corporates (55%). The U.K. business spans retail and wholesale broking, underwriting agencies, and managing agents which have the authority to underwrite on behalf of insurers.