Genworth Financial (Genworth Financial) Debt-to-Equity

: 0.21 (As of Dec. 2023)

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Genworth Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Genworth Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,584 Mil. Genworth Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7,480 Mil. Genworth Financial's debt to equity for the quarter that ended in Dec. 2023 was 0.21.

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 Genworth Financial's Debt-to-Equity or its related term are showing as below:

GNW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.29 Max: 0.52
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Genworth Financial was 0.52. The lowest was 0.12. And the median was 0.29.

GNW's Debt-to-Equity is ranked better than
53.77% of 385 companies
in the Insurance industry
Industry Median: 0.25 vs GNW: 0.21

Genworth Financial Debt-to-Equity Historical Data

The historical data trend for Genworth Financial'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.

Genworth Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.25

0.22

0.12

0.21

Genworth Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.21	0.22	0.22	0.20	0.21

Competitive Comparison

For the Insurance - Life subindustry, Genworth Financial'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.

Genworth Financial Debt-to-Equity Distribution

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

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

Genworth Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Genworth Financial'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
	=	(0	+	1584)	/	7480
	=	0.21

Genworth Financial'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	+	1584)	/	7480
	=	0.21

Genworth Financial (NYSE:GNW) 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.

Genworth Financial Debt-to-Equity Related Terms

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

Genworth Financial (Genworth Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Genworth Financial Inc (NYSE:GNW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6620 West Broad Street, Richmond, VA, USA, 23230

Website

https://www.genworth.com

Genworth Financial is a diversified insurance holding company that provides various mortgage and life insurance products. The company has three main operating business segments: Enact, U.S. Life Insurance, and Runoff. The company's product portfolio includes various financial products such as traditional life insurance, mortgage insurance, fixed annuities, and variable annuities. most of the revenue is generated by the company's U.S. life insurance segment that offers long-term care insurance, fixed annuity, and traditional life insurance products. The company earns most of its revenue in the United States.

Executives

Thomas J Mcinerney	director, officer: President and CEO; Director	6620 WEST BROAD STREET, RICHMOND VA 23230
Cristina E. Ahn	officer: VP and Controller	C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Kelly A Saltzgaber	officer: EVP & Chief Investment Officer	C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Rohit Gupta	officer: EVP?U.S. Mortgage Insurance	C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Sheehan Daniel J Iv	officer: SVP - Chief Investment Officer	6620 WEST BROAD STREET, RICHMOND VA 23230
Andrea Lynn White	officer: EVP-GR & Chief of Staff	C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Mark Blakeley Hodges	officer: EVP and CRO	C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Elaine A Sarsynski	director	312 FARMINGTON AVE, FARMINGTON CT 06032
Restrepo Robert P Jr	director
Melissa Hagerman	officer: EVP and Chief HR Officer	C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Gregory S. Karawan	officer: EVP and General Counsel	C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Mills Howard D. Iii	director	C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Jill R Goodman	director	433 WEST VAN BUREN STREET, CHICAGO IL 60607
Ramsey D. Smith	director	C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Karen Elizabeth Dyson	director	21 RIVERSIDE DR., APT 601, COCOA FL 32922