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Erie Indemnity Co (Erie Indemnity Co) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Erie Indemnity Co Debt-to-Equity?

Erie Indemnity Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil. Erie Indemnity Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0 Mil. Erie Indemnity Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,726 Mil. Erie Indemnity Co's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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 Erie Indemnity Co's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Erie Indemnity Co was 0.11. The lowest was 0.03. And the median was 0.08.

ERIE's Debt-to-Equity is not ranked *
in the Insurance industry.
Industry Median: 0.24
* Ranked among companies with meaningful Debt-to-Equity only.

Erie Indemnity Co Debt-to-Equity Historical Data

The historical data trend for Erie Indemnity Co'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.

Erie Indemnity Co Debt-to-Equity Chart

Erie Indemnity Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.08 0.07 - -

Erie Indemnity Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Erie Indemnity Co's Debt-to-Equity

For the Insurance Brokers subindustry, Erie Indemnity Co'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.


Erie Indemnity Co's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Erie Indemnity Co's Debt-to-Equity falls into.



Erie Indemnity Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Erie Indemnity Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Erie Indemnity Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Erie Indemnity Co  (NAS:ERIE) 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.


Erie Indemnity Co Debt-to-Equity Related Terms

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


Erie Indemnity Co (Erie Indemnity Co) Business Description

Traded in Other Exchanges
Address
100 Erie Insurance Place, Erie, PA, USA, 16530
Erie Indemnity Co primarily performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. Erie Indemnity's management fee is typically 25% of the Exchange's premiums, and this accounts for all of Erie Indemnity's revenue. The company operates exclusively in the United States.
Executives
Marc Cipriani officer: Senior Vice President 100 ERIE INSURANCE PLACE, ERIE PA 16530
Sean Dugan officer: Executive Vice President 100 ERIE INSURANCE PLACE, ERIE PA 16530
Parthasarathy Srinivasa officer: EVP, Chief Information Officer 100 ERIE INSURANCE PLACE, ERIE PA 16530
Jorie L Novacek officer: SVP, Controller 100 ERIE INSURANCE PLACE, ERIE PA 16530
Thomas B Hagen director 230 WEST 6TH STREET, ERIE PA 16507-1319
Eugene C Connell director 785 HUNTINGTON DRIVE, ERIE PA 16505
Elizabeth A Vorsheck director, 10 percent owner 6252 COMMERCIAL WAY PMB 140, BROOKSVILLE FL 34613
Brian W. Bolash officer: SVP,Secretary,General Counsel 100 ERIE INSURANCE PLACE, ERIE PA 16530
Borneman J Ralph Jr director NATIONAL PENN BANCSHARES INC, PHILADELPHIA & READING AVENUES, BOYERTOWN PA 19512
Hudson Brian Arden Sr. director 2407 PARK DRIVE, HARRISBURG PA 17110
Louis F Colaizzo officer: Senior Vice President 100 ERIE INSURANCE PLACE, ERIE PA 16530
Salvatore Correnti director 8518 SOUTHFIELDS CIRCLE, LUTHERVILLE MD 21093
Timothy G Necastro officer: President & CEO, Designate 100 ERIE INSURANCE PL, ERIE PA 16530
Luann Datesh director 333 OAK FOREST DRIVE, PITTSBURGH PA 15216
Robert C Wilburn director 110 WASHINGTON AVENUE #1711, MIAMI BEACH FL 33139