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 Enact Holdings's Debt-to-Equity or its related term are showing as below:
ACT'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.18 Max: 0.19
Current: 0.18
During the past 3 years, the highest Debt-to-Equity Ratio of Enact Holdings was 0.19. The lowest was 0.18. And the median was 0.18.
ACT's Debt-to-Equity is ranked better than 58.78% of 376
companies
in the Insurance industry
Industry Median: 0.24
vs ACT: 0.18
Enact Holdings Debt-to-Equity Historical Data
The historical data trend for Enact Holdings'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.
Enact Holdings Annual Data
Trend
Dec19
Dec20
Dec21
Debt-to-Equity
-
0.19
0.18
Enact Holdings Quarterly Data
Dec19
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
0.19
0.18
0.18
0.18
0.18
Competitive Comparison
For the Insurance - Specialty subindustry, Enact Holdings'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.
Enact Holdings Debt-to-Equity Distribution
For the Insurance industry and Financial Services sector, Enact Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Enact Holdings's Debt-to-Equity falls into.
Enact Holdings Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Enact Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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.
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.
Enact Holdings Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Enact Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance.
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