Hiscox (Hiscox) Debt-to-Equity

: 0.23 (As of Dec. 2023)

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Hiscox's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7 Mil. Hiscox's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $747 Mil. Hiscox's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,296 Mil. Hiscox's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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

HCXLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.29 Max: 0.43
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Hiscox was 0.43. The lowest was 0.15. And the median was 0.29.

HCXLF's Debt-to-Equity is ranked better than
51.31% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs HCXLF: 0.23

Hiscox Debt-to-Equity Historical Data

The historical data trend for Hiscox'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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Hiscox Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.37

0.43

0.31

0.27

0.23

Hiscox 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															0.31	0.29	0.27	0.24	0.23

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Hiscox'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.

Hiscox Debt-to-Equity Distribution

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

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

Hiscox Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Hiscox'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
	=	(7.4	+	746.8)	/	3295.6
	=	0.23

Hiscox'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
	=	(7.4	+	746.8)	/	3295.6
	=	0.23

Hiscox (OTCPK:HCXLF) 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.

Hiscox Debt-to-Equity Related Terms

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Hiscox (Hiscox) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hiscox Ltd (OTCPK:HCXLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HCXLY:USA HSXl:UK HSX:UK

Address

96 Pitts Bay Road, Chesney House, Pembroke, BMU, HM 08

Website

https://www.hiscoxgroup.com

Hiscox Ltd is a property and casualty insurance company that operates globally. The company works to build a balance between catastrophe-exposed business and less volatile local specialty businesses. It generates most of its revenue through reinsurance, local casualty, and commercial insurance lines. The company's risk management strategy involves a strong underwriting discipline, diversification, and sound capital management. Hiscox's retail operations comprise half of the overall gross written premiums.