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CNA Financial (CNA Financial) Debt-to-Equity

: 0.31 (As of Dec. 2023)
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CNA Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $550 Mil. CNA Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,481 Mil. CNA Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9,893 Mil. CNA Financial's debt to equity for the quarter that ended in Dec. 2023 was 0.31.

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

CNA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2   Med: 0.22   Max: 0.33
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of CNA Financial was 0.33. The lowest was 0.20. And the median was 0.22.

CNA's Debt-to-Equity is ranked worse than
56.92% of 383 companies
in the Insurance industry
Industry Median: 0.24 vs CNA: 0.31

CNA Financial Debt-to-Equity Historical Data

The historical data trend for CNA 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.

* Premium members only.

CNA Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.22 0.22 0.22 0.33 0.31

CNA 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.32 0.36 0.38 0.31

Competitive Comparison

For the Insurance - Property & Casualty subindustry, CNA 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.


CNA Financial Debt-to-Equity Distribution

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

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



CNA Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CNA Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

CNA Financial'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.


CNA Financial  (NYSE:CNA) 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.


CNA Financial Debt-to-Equity Related Terms

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


CNA Financial (CNA Financial) Business Description

Traded in Other Exchanges
Address
151 N. Franklin Street, Chicago, IL, USA, 60606
CNA Financial Corporation (CNAF) is an insurance holding company that provides commercial property and casualty insurance. The company operates under five segments: Specialty, Commercial and International being its core business and two segments for its non-core businesses, which are Life and Group and Corporate and Other. CNAF, through its segments, provides professional, financial, specialty property and casualty products to small businesses and medium scale organizations. It has its business spread across Continental Europe, United Kingdom, and Canada. The majority of the revenues are generated from the Specialty and Commercial segment of the business.
Executives
Douglas Worman officer: EVP & Chief Underwriting Off 151 N. FRANKLIN, CHICAGO IL 60606
Susan Ann Stone officer: EVP & General Counsel 151 N. FRANKLIN ST., CHICAGO IL 60606
Loews Corp 10 percent owner 9 WEST 57TH STREET, NEW YORK NY 10019-2714
Jane Elizabeth Possell officer: EVP & CIO 151 N. FRANKLIN ST., CHICAGO IL 60606
Mark Steven James officer: EVP, Chief Risk & Rein Off 151 N. FRANKLIN STREET, CHICAGO IL 60606
Daniel Paul Franzetti officer: EVP, Claims 151 N. FRANKLIN ST., CHICAGO IL 60606
Michael A Bless director C/O ROCKWELL INTERNATIONAL INC, 777 E. WISCONSIN AVE #1400, MILWAUKEE WI 53202
Scott R Lindquist officer: EVP & CFO 151 N. FRANKLIN STREET, CHICAGO IL 60606
Amy Marie Smith officer: SVP & CAO 151 N. FRANKLIN STREET, CHICAGO IL 60606
Elizabeth Ann Aguinaga officer: EVP, Chief HR Officer 151 N. FRANKLIN, CHICAGO IL 60606
Gary Haase officer: EVP & COO 151 N. FRANKLIN ST., CHICAGO IL 60606
Dino Robusto director, officer: Chairman & CEO 151 N. FRANKLIN, CHICAGO IL 60606
Jalil Rehman officer: Pres. & CEO for UK and Europe 20 FENCHURCH STREET, LONDON X0 EC3M 3BY
Nick Creatura officer: President & CEO for Canada 66 WELLINGTON STREET WEST, SUITE 3700, TORONTO A6 M5K 1J5
Robert Joseph Hopper officer: EVP, Actuary 151 N. FRANKLIN ST., CHICAGO IL 60606