Gjensidige Forsikring ASA (Gjensidige Forsikring ASA) Debt-to-Equity : 0.18 (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Gjensidige Forsikring ASA Debt-to-Equity?

Gjensidige Forsikring ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Gjensidige Forsikring ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $413 Mil. Gjensidige Forsikring ASA's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,296 Mil. Gjensidige Forsikring ASA's debt to equity for the quarter that ended in Dec. 2023 was 0.18.

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:

GJNSY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.17 Max: 1.06
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Gjensidige Forsikring ASA was 1.06. The lowest was 0.06. And the median was 0.17.

GJNSY's Debt-to-Equity is ranked better than
57.48% of 381 companies
in the Insurance industry
Industry Median: 0.24 vs GJNSY: 0.18

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 Debt-to-Equity Chart

Gjensidige Forsikring ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.10

0.15

0.16

0.18

Gjensidige Forsikring ASA 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															0.16	0.18	0.17	0.19	0.18

Competitive Comparison of Gjensidige Forsikring ASA's Debt-to-Equity

For the Insurance - Property & Casualty 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's Debt-to-Equity Distribution in the Insurance Industry

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. 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	+	413.464)	/	2296.434
	=	0.18

Gjensidige Forsikring ASA'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	+	413.464)	/	2296.434
	=	0.18

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 (Gjensidige Forsikring ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gjensidige Forsikring ASA (OTCPK:GJNSY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GJFo:Sweden GJF:Norway 0OJC:UK XGJ:Germany

Address

Schweigaardsgate 21, Oslo, NOR, 0191

Website

https://www.gjensidige.no

Gjensidige Forsikring ASA 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 (Gjensidige Forsikring ASA) Headlines

From GuruFocus

David Einhorn Comments on Gjensidige Forsikring

By Holly LaFon Holly LaFon • 10-16-2013