Universal Insurance Holdings (Universal Insurance Holdings) Debt-to-Equity : 0.34 (As of Dec. 2023)

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What is Universal Insurance Holdings Debt-to-Equity?

Universal Insurance Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $15 Mil. Universal Insurance Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $102 Mil. Universal Insurance Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $341 Mil. Universal Insurance Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.34.

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

UVE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.19 Max: 0.36
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Universal Insurance Holdings was 0.36. The lowest was 0.04. And the median was 0.19.

UVE's Debt-to-Equity is ranked worse than
61.26% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs UVE: 0.34

Universal Insurance Holdings Debt-to-Equity Historical Data

The historical data trend for Universal Insurance 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.

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Universal Insurance Holdings Debt-to-Equity Chart

Universal Insurance Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.15

0.30

0.36

0.34

Universal Insurance Holdings 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	Get a 7-Day Free Trial															0.36	0.56	0.47	0.38	0.34

Competitive Comparison of Universal Insurance Holdings's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Universal Insurance 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.

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

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

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

Universal Insurance Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Universal Insurance Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 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
	=	(14.597	+	102.006)	/	341.297
	=	0.34

Universal Insurance Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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
	=	(14.597	+	102.006)	/	341.297
	=	0.34

Universal Insurance Holdings (NYSE:UVE) 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.

Universal Insurance Holdings Debt-to-Equity Related Terms

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

Universal Insurance Holdings (Universal Insurance Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Universal Insurance Holdings Inc (NYSE:UVE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

5UI:Germany

Address

1110 West Commercial Boulevard, Fort Lauderdale, FL, USA, 33309

Website

https://www.universalinsuranceholdings.com

Universal Insurance Holdings Inc is a private personal residential homeowner insurance company. The company all aspects of insurance underwriting, policy issuance, general administration and claims processing and settlement internally through our vertically integrated operations. It generates revenues primarily from the collection of premiums. It operates within Florida and across the United States.

Executives

Sean P Downes	director	2875 N.E. 191ST, SUITE 300, MIAMI FL 33180
Stephen Donaghy	director, officer: CEO	UNIVERSAL INSURANCE HOLDINGS INC., 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309
Michael Pietrangelo	director	6410 POPLAR AVE, STE 190, MIMPHIS TN 38119
Gary Lloyd Ropiecki	officer: Principal Accounting Officer	1110 W. COMMERCIAL BLVD., FORT LAUDERDALE FL 33309
Jon Springer	director, officer: President and CRO	UNIVERSAL INSURANCE HOLDINGS INC., 1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309
Shannon A Brown	director	1001 TILLMAN STREET, MEMPHIS TN 38112
Mccahill Francis Xavier Iii	director	1314 SOUTH RAMONA AVENUE, INDIALANTIC FL 32903
Scott P. Callahan	director	1110 W. COMMERCIAL BLVD., SUITE 100, FORT LAUDERDALE FL 33309
Joel Wilentz	director	5811 SW 33RD TERR, FORT LAUDERDALE FL 33312
Ozzie A Schindler	director	1451 STILLWATER DRIVE, MIAMI BEACH FL 33141-1031
Richard D Peterson	director	1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309
Marlene Gordon	director	C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33134
Frank Wilcox	officer: CFO, Principal Acct. Officer	1110 W. COMMERCIAL BLVD., SUITE 100, FORT LAUDERDALE FL 33309
Kimberly D Campos	director, officer: CIO & CAO	1110 WEST COMMERCIAL BOULEVARD, SUITE 100, FORT LAUDERDALE FL 33309
Ralph J. Palmieri	director	1110 WEST COMMERCIAL BOULEVARD, FORT LAUDERDALE FL 33309