GWG Holdings (GWG Holdings) Debt-to-Equity : -16.91 (As of Sep. 2021)

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What is GWG Holdings Debt-to-Equity?

GWG Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $327.70 Mil. GWG Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $1,629.27 Mil. GWG Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $-115.70 Mil. GWG Holdings's debt to equity for the quarter that ended in Sep. 2021 was -16.91.

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

GWGHQ's Debt-to-Equity is not ranked ^*
in the Insurance industry.
Industry Median: 0.245
* Ranked among companies with meaningful Debt-to-Equity only.

GWG Holdings Debt-to-Equity Historical Data

The historical data trend for GWG 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.

GWG Holdings Debt-to-Equity Chart

GWG Holdings Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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8.23

4.94

4.15

5.17

15.92

GWG Holdings Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Debt-to-Equity	Get a 7-Day Free Trial															15.13	15.92	43.60	-44.89	-16.91

Competitive Comparison of GWG Holdings's Debt-to-Equity

For the Insurance - Life subindustry, GWG 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.

GWG Holdings's Debt-to-Equity Distribution in the Insurance Industry

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

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

GWG Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GWG Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(193.73	+	1595.266)	/	112.372
	=	15.92

GWG Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 2021 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
	=	(327.702	+	1629.274)	/	-115.703
	=	-16.91

GWG Holdings (OTCPK:GWGHQ) 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.

GWG Holdings Debt-to-Equity Related Terms

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

GWG Holdings (GWG Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » GWG Holdings Inc (OTCPK:GWGHQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

325 North St. Paul Street, Suite 2650, Dallas, TX, USA, 75201

Website

https://www.gwgh.com

GWG Holdings Inc is a financial service company engaged in life insurance and related business. Its reportable segments include Secondary Life Insurance and Investment in Beneficient. The Secondary Life Insurance segment seeks to earn non-correlated yield from a portfolio of life insurance policies. Its Investment in Beneficient segment consists of investment in the common units of the BEN LP. The company derives a majority of revenue from the Secondary Life Insurance segment.

Executives

Anthony R Horton	director	12377 MERIT DRIVE, SUITE 1700, DALLAS TX 75251
Jeffrey Scott Stein	director, officer: Chief Restructuring Officer	601 TRAVIS, SUITE 1400, HOUSTON TX 77002
John A. Stahl	10 percent owner	325 NORTH SAINT PAUL SUITE 4850 DALLAS TX 75201
David S Gruber	director	325 N ST PAUL STREET STE 2650 DALLAS TX 75201
Daniel Phillip Fine	director	325 N ST PAUL STREET STE 2650 DALLAS TX 75201
Roy W Bailey	director	5956 SHERRY LANE SUITE 800 DALLAS TX 75225
Lennie Nicholson	officer: General Counsel and Secretary	325 N. ST. PAUL STREET SUITE 2650 DALLAS TX 75201
Timothy L Evans	officer: Chief Financial Officer	220 SOUTH SIXTH STREET SUITE 1200 MINNEAPOLIS MN 55402
Kathleen Mason	director	GENESCO INC., 1415 MURFREESBORO ROAD, NASHVILLE TN 37217
David Chavenson	director	220 SOUTH SIXTH STREET SUITE 1200 MINNEAPOLIS MN 55402
Dennis P Lockhart	director	100 GOLF ROAD, GOLF IL 60029
De Weese David H	director	220 SOUTH 6TH STREET SUITE 1200 MINNEAPOLIS MN 55402
Cangany Peter T Jr	director	220 SOUTH 6TH STREET, SUITE 1200, MINNEAPOLIS MN 55402
Bruce William Schnitzer	director	489 FIFTH AVE., 21ST FLOOR, NEW YORK NY 10017
Thomas O Hicks	director	2200 ROSS AVENUE, SUITE 4600 W, DALLAS TX 75201