Axis Capital Holdings (Axis Capital Holdings) Debt-to-Equity

: 0.29 (As of Dec. 2023)

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Axis Capital Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Axis Capital Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,522.61 Mil. Axis Capital Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,263.20 Mil. Axis Capital Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.29.

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

AXPHF.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.27 Max: 0.35
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Axis Capital Holdings was 0.35. The lowest was 0.16. And the median was 0.27.

AXPHF.PFD's Debt-to-Equity is ranked worse than
54.19% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs AXPHF.PFD: 0.29

Axis Capital Holdings Debt-to-Equity Historical Data

The historical data trend for Axis Capital 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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Axis Capital Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.27

0.26

0.32

0.29

Axis Capital 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															0.32	0.30	0.30	0.30	0.29

Competitive Comparison

For the Insurance - Specialty subindustry, Axis Capital 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.

Axis Capital Holdings Debt-to-Equity Distribution

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

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

Axis Capital Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Axis Capital 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
	=	(0	+	1522.605)	/	5263.196
	=	0.29

Axis Capital 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
	=	(0	+	1522.605)	/	5263.196
	=	0.29

Axis Capital Holdings (OTCPK:AXPHF.PFD) 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.

Axis Capital Holdings Debt-to-Equity Related Terms

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Axis Capital Holdings (Axis Capital Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Axis Capital Holdings Ltd (OTCPK:AXPHF.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AXSpE.PFD:USA AXS:USA AXV:Germany

Address

92 Pitts Bay Road, Pembroke, BMU, HM 08

Website

https://www.axiscapital.com

Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.