Manulife Financial (Manulife Financial) Debt-to-Equity

: 0.27 (As of Dec. 2023)

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Manulife Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $442.76 Mil. Manulife Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9,051.88 Mil. Manulife Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $35,253.43 Mil. Manulife Financial's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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 Manulife Financial's Debt-to-Equity or its related term are showing as below:

MNLCF.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.27 Max: 0.32
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Manulife Financial was 0.32. The lowest was 0.23. And the median was 0.27.

MNLCF.PFD's Debt-to-Equity is ranked worse than
52.09% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs MNLCF.PFD: 0.27

Manulife Financial Debt-to-Equity Historical Data

The historical data trend for Manulife Financial'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.

Manulife Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.24

0.27

0.26

0.27

Manulife Financial 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																0.26	0.29	0.28	0.27	0.27

Competitive Comparison

For the Insurance - Life subindustry, Manulife Financial'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.

Manulife Financial Debt-to-Equity Distribution

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

* The bar in red indicates where Manulife Financial's Debt-to-Equity falls into.

Manulife Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Manulife Financial'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
	=	(442.755	+	9051.878)	/	35253.429
	=	0.27

Manulife Financial'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
	=	(442.755	+	9051.878)	/	35253.429
	=	0.27

Manulife Financial (OTCPK:MNLCF.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.

Manulife Financial Debt-to-Equity Related Terms

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

Manulife Financial (Manulife Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Manulife Financial Corp (OTCPK:MNLCF.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MFC:USA MFC:Philippines 00945:Hong Kong MLU:Germany MFC.PR.Q.PFD:Canada MFC.PR.P.PFD:Canada MFC.PR.N.PFD:Canada MFC.PR.M.PFD:Canada MFC.PR.L.PFD:Canada MFC.PR.K.PFD:Canada MFC.PR.J.PFD:Canada MFC.PR.I.PFD:Canada MFC.PR.F.PFD:Canada MFC.PR.C.PFD:Canada MFC.PR.B.PFD:Canada MFC:Canada

Address

200 Bloor Street East, Toronto, ON, CAN, M4W 1E5

Website

https://www.manulife.com

Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.35 trillion in assets under management and administration as of June 30, 2023. The U.S. business, which primarily operates under the John Hancock brand, contributes about 30% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 20% of earnings.