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Vatryggingafelag Islands hf (OISE:VIS) Debt-to-Equity : 0.64 (As of Dec. 2023)


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What is Vatryggingafelag Islands hf Debt-to-Equity?

Vatryggingafelag Islands hf's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr6,227 Mil. Vatryggingafelag Islands hf's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was kr7,212 Mil. Vatryggingafelag Islands hf's Total Stockholders Equity for the quarter that ended in Dec. 2023 was kr21,131 Mil. Vatryggingafelag Islands hf's debt to equity for the quarter that ended in Dec. 2023 was 0.64.

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 Vatryggingafelag Islands hf's Debt-to-Equity or its related term are showing as below:

OISE:VIS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16   Med: 0.2   Max: 0.64
Current: 0.64

During the past 13 years, the highest Debt-to-Equity Ratio of Vatryggingafelag Islands hf was 0.64. The lowest was 0.16. And the median was 0.20.

OISE:VIS's Debt-to-Equity is ranked worse than
80.37% of 382 companies
in the Insurance industry
Industry Median: 0.24 vs OISE:VIS: 0.64

Vatryggingafelag Islands hf Debt-to-Equity Historical Data

The historical data trend for Vatryggingafelag Islands hf'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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Vatryggingafelag Islands hf Debt-to-Equity Chart

Vatryggingafelag Islands hf Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.22 0.19 0.23 0.64

Vatryggingafelag Islands hf 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 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 0.23 0.25 0.24 0.23 0.64

Competitive Comparison of Vatryggingafelag Islands hf's Debt-to-Equity

For the Insurance - Diversified subindustry, Vatryggingafelag Islands hf'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.


Vatryggingafelag Islands hf's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Vatryggingafelag Islands hf's Debt-to-Equity falls into.



Vatryggingafelag Islands hf Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vatryggingafelag Islands hf's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Vatryggingafelag Islands hf'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.


Vatryggingafelag Islands hf  (OISE:VIS) 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.


Vatryggingafelag Islands hf Debt-to-Equity Related Terms

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Vatryggingafelag Islands hf (OISE:VIS) Business Description

Traded in Other Exchanges
N/A
Address
Ármúla 3, Reykjavik, ISL, 108
Vatryggingafelag Islands hf is an insurance company based in Iceland. The company's operating segments include Casuality insurance, Life insurance, and Financial activities. It generates a majority of its revenue from the Casuality insurance segment.