Cincinnati Financial (Cincinnati Financial) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Cincinnati Financial Debt-to-Equity?

Cincinnati Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25 Mil. Cincinnati Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $849 Mil. Cincinnati Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $12,098 Mil. Cincinnati Financial's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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

CINF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.1 Max: 0.13
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Cincinnati Financial was 0.13. The lowest was 0.07. And the median was 0.10.

CINF's Debt-to-Equity is ranked better than
74.87% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs CINF: 0.07

Cincinnati Financial Debt-to-Equity Historical Data

The historical data trend for Cincinnati 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.

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Cincinnati Financial Debt-to-Equity Chart

Cincinnati Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.08

0.07

0.08

0.07

Cincinnati 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	Get a 7-Day Free Trial															0.08	0.08	0.08	0.08	0.07

Competitive Comparison of Cincinnati Financial's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Cincinnati 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.

Cincinnati Financial's Debt-to-Equity Distribution in the Insurance Industry

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

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

Cincinnati Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cincinnati 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
	=	(25	+	849)	/	12098
	=	0.07

Cincinnati 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
	=	(25	+	849)	/	12098
	=	0.07

Cincinnati Financial (NAS:CINF) 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.

Cincinnati Financial Debt-to-Equity Related Terms

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

Cincinnati Financial (Cincinnati Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Cincinnati Financial Corp (NAS:CINF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CCJ:Germany

Address

6200 S. Gilmore Road, Fairfield, OH, USA, 45014-5141

Website

https://www.cinfin.com

Cincinnati Financial Corp is a property and casualty insurance company that generates income through written premiums. A select group of independent agencies actively markets the company's business, home, and automotive insurance within their communities. These agents offer the company's personal lines as well as its standard market, excess, and surplus commercial line policies in many regions in the United States. Cincinnati Financial also offers leasing and financing services. The company operates in segments: Commercial lines insurance, Personal lines insurance, and Excess and surplus lines insurance, Life insurance, and Investments. The vast majority of the company's revenue is generated through commercial lines, followed by personal lines.

Executives

Dirk J Debbink	director	PO BOX 145496, CINCINNATI OH 45250-5496
Nancy Cunningham Benacci	director	PO BOX 145496, CINCINNATI OH 45250
Steven Anthony Soloria	officer: Senior Vice President- Sub	PO BOX 145496, CINCINNATI OH 45250
Douglas S Skidmore	director	PO BOX 145496, CINCINNATI OH 45250-5496
Thomas J Aaron	director	4000 MERIDIAN BOULEVARD, FRANKLIN TN 37067
David P Osborn	director	P.O. BOX 145496, CINCINNATI OH 45250-5496
Charles Odell Schiff	director	PO BOX 145496, CINCINNATI OH 45250
Marc Jon Schambow	officer: SrVP/Chief Claims Officer	PO BOX 145496, CINCINNATI OH 45250
Teresa C Cracas	officer: Sr VP & Chief Risk Off. - Sub	PO BOX 145496, CINCINNATI OH 45250-5496
Angela Ossello Delaney	officer: Senior Vice President	PO BOX 145496, CINCINNATI OH 45250
Doyle Donald J Jr	officer: Sr Vice President - Subsidiary	CINCINNATI FINANCIAL CORPORATION, P.O. BOX 145496, CINCINNATI OH 45250-5496
Pratt Jill P. Meyer	director	PO BOX 145496, CINCINNATI OH 45250
Theresa A Hoffer	officer: Sr Vice President - Subsidiary	PO BOX 145496, CINCINNATI OH 45250
Sean Michael Givler	officer: Sr Vice President - Subsidiary	PO BOX 145496, CINCINNATI OH 45250
Roger A Brown	officer: Sr. Vice President-Subsidiary	PO BOX 145496, CINCINNATI OH 45250