Jubilee Life Insurance Co (KAR:JLICL) Debt-to-Equity : 0.09 (As of Dec. 2023)

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What is Jubilee Life Insurance Co Debt-to-Equity?

Jubilee Life Insurance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₨489 Mil. Jubilee Life Insurance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₨855 Mil. Jubilee Life Insurance Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₨15,353 Mil. Jubilee Life Insurance Co's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

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 Jubilee Life Insurance Co's Debt-to-Equity or its related term are showing as below:

KAR:JLICL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.15 Max: 0.21
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of Jubilee Life Insurance Co was 0.21. The lowest was 0.09. And the median was 0.15.

KAR:JLICL's Debt-to-Equity is ranked better than
70.68% of 382 companies
in the Insurance industry
Industry Median: 0.25 vs KAR:JLICL: 0.09

Jubilee Life Insurance Co Debt-to-Equity Historical Data

The historical data trend for Jubilee Life Insurance 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.

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Jubilee Life Insurance Co Debt-to-Equity Chart

Jubilee Life Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.16

0.15

0.12

0.09

Jubilee Life Insurance Co 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	Get a 7-Day Free Trial															0.12	0.12	0.11	0.10	0.09

Competitive Comparison of Jubilee Life Insurance Co's Debt-to-Equity

For the Insurance - Life subindustry, Jubilee Life Insurance 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.

Jubilee Life Insurance Co's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Jubilee Life Insurance Co's Debt-to-Equity falls into.

Jubilee Life Insurance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jubilee Life Insurance Co'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
	=	(488.618	+	855.431)	/	15353.062
	=	0.09

Jubilee Life Insurance Co'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
	=	(488.618	+	855.431)	/	15353.062
	=	0.09

Jubilee Life Insurance Co (KAR:JLICL) 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.

Jubilee Life Insurance Co Debt-to-Equity Related Terms

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

Jubilee Life Insurance Co (KAR:JLICL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Jubilee Life Insurance Co Ltd (KAR:JLICL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

M.T. Khan Road, 74/1- A, Lalazar, Jubilee Life Insurance Building, Karachi, SD, PAK, 74000

Website

https://www.jubileelife.com

Jubilee Life Insurance Co Ltd is engaged in life insurance, carrying on non-participating business. It operates through seven segments, namely Individual Life Unit Linked, Conventional Business, Accident & Health Business, Overseas Group Life & Health Business, Individual Family Takafu, Group Family Takaful, and Accident & Health Family Takaful. The company generates the majority of its revenue from the Individual Life Unit Linked segment. Individual life contracts are mainly regular premium unit-linked policies, where policy value is determined as per the underlying assets' value.

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