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Skyward Specialty Insurance Group (Skyward Specialty Insurance Group) Debt-to-Equity

: 0.20 (As of Dec. 2023)
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Skyward Specialty Insurance Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Skyward Specialty Insurance Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $128.7 Mil. Skyward Specialty Insurance Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $661.0 Mil. Skyward Specialty Insurance Group's debt to equity for the quarter that ended in Dec. 2023 was 0.19.

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 Skyward Specialty Insurance Group's Debt-to-Equity or its related term are showing as below:

SKWD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2   Med: 0.3   Max: 0.42
Current: 0.2

During the past 4 years, the highest Debt-to-Equity Ratio of Skyward Specialty Insurance Group was 0.42. The lowest was 0.20. And the median was 0.30.

SKWD's Debt-to-Equity is ranked better than
54.81% of 385 companies
in the Insurance industry
Industry Median: 0.25 vs SKWD: 0.20

Skyward Specialty Insurance Group Debt-to-Equity Historical Data

The historical data trend for Skyward Specialty Insurance Group'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.

Skyward Specialty Insurance Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.42 0.30 0.31 0.20

Skyward Specialty Insurance Group Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.31 0.25 0.25 0.24 0.20

Competitive Comparison

For the Insurance - Property & Casualty subindustry, Skyward Specialty Insurance Group'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.


Skyward Specialty Insurance Group Debt-to-Equity Distribution

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

* The bar in red indicates where Skyward Specialty Insurance Group's Debt-to-Equity falls into.



Skyward Specialty Insurance Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Skyward Specialty Insurance Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Skyward Specialty Insurance Group's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.


Skyward Specialty Insurance Group  (NAS:SKWD) 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.


Skyward Specialty Insurance Group Debt-to-Equity Related Terms

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


Skyward Specialty Insurance Group (Skyward Specialty Insurance Group) Business Description

Traded in Other Exchanges
N/A
Address
800 Gessner Road, Suite 600, Houston, TX, USA, 77024-4284
Skyward Specialty Insurance Group Inc is a specialty insurance company that delivers commercial property and casualty products and solutions on a non-admitted and admitted basis. The firm has one reportable segment through which it offers a broad array of insurance coverages to a number of market niches. It operates multiple lines of business, including general liability, excess liability, professional liability, commercial auto, group accident, health, property, surety, and workers' compensation.
Executives
Westaim Corp 10 percent owner 212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Gena L Ashe director C/O GXO LOGISTICS, INC., TWO AMERICAN LANE, GREENWICH CT 06831
Anthony J Kuczinski director 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
James Charles Hays director 100 S. POINTE DRIVE, UNIT 2605, MIAMI BEACH FL 33139
Sean W Duffy officer: EVP & CHIEF CLAIMS OFFICER 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Westaim Hiig Limited Partnership 10 percent owner 212 KING STREET WEST, SUITE 201, TORONTO A6 M5H 1K5
Dan Pk Bodnar officer: CHIEF INFORMATION OFFICER 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Leslie Shaunty officer: GENERAL COUNSEL & SECRETARY 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Thomas N Schmitt officer: CHIEF PEOPLE & ADMIN. OFFICER 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Sandip A Kapadia officer: EVP, CHIEF ACTUARY 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Katharine Terry director 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Burkhart John A Iii officer: PRESIDENT - SPECIALTY LINES 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Mark W Haushill officer: EVP & CFO C/O SKYWARD SPECIALTY INSURANCE GROUP, 800 GESSNER ROAD, STE 600, HOUSTON TX 77024
Kirby Hill officer: PRESIDENT - INDUSTRY SOLUTIONS 800 GESSNER ROAD, SUITE 600, HOUSTON TX 77024
Robert T. Kittel director 70 YORK STREET, SUITE 1700, TORONTO A6 M5J 1S9