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Gjensidige Forsikring ASA Debt-to-Equity

: 0.15 (As of Sep. 2021)
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Gjensidige Forsikring ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $0 Mil. Gjensidige Forsikring ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $426 Mil. Gjensidige Forsikring ASA's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $2,889 Mil. Gjensidige Forsikring ASA's debt to equity for the quarter that ended in Sep. 2021 was 0.15.

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 Gjensidige Forsikring ASA's Debt-to-Equity or its related term are showing as below:

OTCPK:GJNSY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03   Med: 0.24   Max: 1.29
Current: 0.15

0.03
1.29

During the past 13 years, the highest Debt-to-Equity Ratio of Gjensidige Forsikring ASA was 1.29. The lowest was 0.03. And the median was 0.24.

OTCPK:GJNSY's Debt-to-Equity is ranked higher than
60% of the 355 Companies
in the Insurance industry.

( Industry Median: 0.22 vs. OTCPK:GJNSY: 0.15 )

Gjensidige Forsikring ASA Debt-to-Equity Historical Data

The historical data trend for Gjensidige Forsikring ASA'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.

Gjensidige Forsikring ASA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.97 1.06 0.06 0.10 0.10

Gjensidige Forsikring ASA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 0.11 0.10 0.16 0.15 0.15

Competitive Comparison

For the Insurance - Diversified subindustry, Gjensidige Forsikring ASA'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.

   

Gjensidige Forsikring ASA Debt-to-Equity Distribution

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

* The bar in red indicates where Gjensidige Forsikring ASA's Debt-to-Equity falls into.



Gjensidige Forsikring ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gjensidige Forsikring ASA's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Gjensidige Forsikring ASA's Debt to Equity Ratio for the quarter that ended in Sep. 2021 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.


Gjensidige Forsikring ASA  (OTCPK:GJNSY) 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.


Gjensidige Forsikring ASA Debt-to-Equity Related Terms

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


Gjensidige Forsikring ASA Business Description

Gjensidige Forsikring ASA logo
Industry
Address
Schweigaardsgate 21, Oslo, NOR, 0191
Gjensidige Forsikring is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.

Gjensidige Forsikring ASA Headlines

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