Suncorp Group (ASX:SUN) Debt-to-Equity : 1.91 (As of Dec. 2023)

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What is Suncorp Group Debt-to-Equity?

Suncorp Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$2,543 Mil. Suncorp Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$23,619 Mil. Suncorp Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$13,711 Mil. Suncorp Group's debt to equity for the quarter that ended in Dec. 2023 was 1.91.

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

ASX:SUN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.87 Med: 1.23 Max: 2
Current: 1.91

During the past 13 years, the highest Debt-to-Equity Ratio of Suncorp Group was 2.00. The lowest was 0.87. And the median was 1.23.

ASX:SUN's Debt-to-Equity is ranked worse than
94.76% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs ASX:SUN: 1.91

Suncorp Group Debt-to-Equity Historical Data

The historical data trend for Suncorp 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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Suncorp Group Debt-to-Equity Chart

Suncorp Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.00

1.05

1.58

1.86

2.00

Suncorp 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															1.73	1.86	1.92	2.00	1.91

Competitive Comparison of Suncorp Group's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Suncorp 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.

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

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

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

Suncorp Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Suncorp 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
	=	(13655	+	13019)	/	13314
	=	2.00

Suncorp 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
	=	(2543	+	23619)	/	13711
	=	1.91

Suncorp Group (ASX:SUN) 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.

Suncorp Group Debt-to-Equity Related Terms

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

Suncorp Group (ASX:SUN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SNMYF:USA SNMCY:USA SU4:Germany SUNPI.PFD:Australia SUNPH.PFD:Australia SUNPG.PFD:Australia

Address

80 Ann Street, Level 23, Heritage Lanes, Brisbane, QLD, AUS, 4000

Website

https://www.suncorpgroup.com.au

Suncorp is a Queensland-based financial services conglomerate offering retail and business banking, general insurance, superannuation, and investment products in Australia and New Zealand. It also operates a life insurance business in New Zealand. The core businesses include personal insurance, commercial insurance, Vero New Zealand, and Suncorp Bank. Suncorp and competitors IAG Insurance and QBE Insurance dominate the Australian and New Zealand insurance markets.