Donegal Group (Donegal Group) Debt-to-Equity : 0.07 (As of Dec. 2023)

View and export this data going back to 1990. Start your Free Trial

What is Donegal Group Debt-to-Equity?

Donegal Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $35.0 Mil. Donegal Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Donegal Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $479.7 Mil. Donegal Group's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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

DGICB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.14 Max: 0.21
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Donegal Group was 0.21. The lowest was 0.07. And the median was 0.14.

DGICB's Debt-to-Equity is ranked better than
74.8% of 381 companies
in the Insurance industry
Industry Median: 0.24 vs DGICB: 0.07

Donegal Group Debt-to-Equity Historical Data

The historical data trend for Donegal 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.

* Premium members only.

Donegal Group Debt-to-Equity Chart

Donegal Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.09

0.17

0.07

Donegal Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.07	0.07	0.07	0.07

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

For the Insurance - Property & Casualty subindustry, Donegal 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.

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

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

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

Donegal Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Donegal Group'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
	=	(35	+	0)	/	479.745
	=	0.07

Donegal 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
	=	(35	+	0)	/	479.745
	=	0.07

Donegal Group (NAS:DGICB) 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.

Donegal Group Debt-to-Equity Related Terms

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

Donegal Group (Donegal Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Donegal Group Inc (NAS:DGICB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DGICA:USA

Address

1195 River Road, P.O. Box 302, Marietta, PA, USA, 17547-0302

Website

https://www.donegalgroup.com

Donegal Group Inc is an insurance holding company that offers personal and commercial lines of property and casualty insurance to businesses and individuals. The company's reportable segments are its Investment function, Personal lines of insurance, Commercial lines of insurance. Personal lines products consist primarily of homeowners and private passenger automobile policies. The Commercial lines products of its insurance subsidiaries consist primarily of commercial automobile, commercial multi-peril, and workers' compensation policies. The group primarily operates in the United States.