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 NMI Holdings's Debt-to-Equity or its related term are showing as below:
NMIH'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.27 Max: 0.36
Current: 0.26
During the past 11 years, the highest Debt-to-Equity Ratio of NMI Holdings was 0.36. The lowest was 0.15. And the median was 0.27.
NMIH's Debt-to-Equity is ranked worse than 51.85% of 378
companies
in the Insurance industry
Industry Median: 0.24
vs NMIH: 0.26
NMI Holdings Debt-to-Equity Historical Data
The historical data trend for NMI 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.
NMI Holdings Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
0.28
0.21
0.16
0.29
0.25
NMI Holdings Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
0.27
0.26
0.25
0.26
0.26
Competitive Comparison
For the Insurance - Specialty subindustry, NMI 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.
NMI Holdings Debt-to-Equity Distribution
For the Insurance industry and Financial Services sector, NMI Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where NMI Holdings's Debt-to-Equity falls into.
NMI Holdings Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
NMI 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.
NMI Holdings Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of NMI Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
NMI Holdings Inc through its subsidiaries provides private mortgage guaranty insurance. The company offers mortgage insurance, reinsurance on loans and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, Internet-sourced lenders, and other non-bank lenders.
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