National General Holdings (National General Holdings) Debt-to-Equity : 0.21 (As of Dec. 2020)

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What is National General Holdings Debt-to-Equity?

National General Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $140 Mil. National General Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $537 Mil. National General Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2020 was $3,237 Mil. National General Holdings's debt to equity for the quarter that ended in Dec. 2020 was 0.21.

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

NGHC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.31 Max: 0.4
Current: 0.21

During the past 10 years, the highest Debt-to-Equity Ratio of National General Holdings was 0.40. The lowest was 0.17. And the median was 0.31.

NGHC's Debt-to-Equity is not ranked
in the Insurance industry.
Industry Median: 0.24 vs NGHC: 0.21

National General Holdings Debt-to-Equity Historical Data

The historical data trend for National General 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.

National General Holdings Debt-to-Equity Chart

National General Holdings Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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0.40

0.37

0.32

0.26

0.21

National General Holdings Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Debt-to-Equity	Get a 7-Day Free Trial															0.26	0.25	0.23	0.22	0.21

Competitive Comparison of National General Holdings's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, National General 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.

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

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

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

National General Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National General 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
	=	(140	+	536.81)	/	3237.163
	=	0.21

National General Holdings's Debt to Equity Ratio for the quarter 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
	=	(140	+	536.81)	/	3237.163
	=	0.21

National General Holdings (NAS:NGHC) 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.

National General Holdings Debt-to-Equity Related Terms

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

National General Holdings (National General Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » National General Holdings Corp (NAS:NGHC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 Maiden Lane, 38th Floor, New York, NY, USA, 10038

Website

http://www.nationalgeneral.com

National General Holdings Corp is a specialty personal lines insurance holding company. It provides a variety of insurance products, including personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, lender-placed, supplemental health and other niche insurance products. The company sells insurance products with a focus on underwriting profitability through a combination of its customized and predictive analytics and its technology is driven low-cost infrastructure. The company manages its business through two segments, the Property and Casualty segment and Accident and Health segment.

Executives

Jeffrey Weissmann	officer: General Counsel & Secretary	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
John Drake Nichols	director	C/O HIPPO HOLDINGS INC., 150 FOREST AVENUE, PALO ALTO CA 94301
John Marshaleck	director	48 PAR LA VILLE ROAD, SUITE 1141, HAMILTON D0 HM11
Donald T Decarlo	director	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038
Barbara Paris	director	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Patrick Fallon	director	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Barry Karfunkel	director, officer: CEO	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Robert Karfunkel	director, officer: President	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Michael Hal Weiner	officer: CFO and Treasurer	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Peter A. Rendall	officer: COO	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Lawrence J. Moloney	officer: Chief Accounting Officer	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Thomas Newgarden	officer: Executive Vice President	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Amtrust International Insurance Ltd	other: Former 10% Owner	SUITE 102 WASHINGTON MALL, 7 REID STREET, HAMILTON D0 HM11
Donald Bolar	officer: Chief Accounting Officer	C/O NGHC, 59 MAIDEN LANE, 38TH FLOOR, NEW YORK NY 10038
Barry D Zyskind	director	C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038