Dai-ichi Life Holdings (TSE:8750) Debt-to-Equity : 0.33 (As of Dec. 2023)

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What is Dai-ichi Life Holdings Debt-to-Equity?

Dai-ichi Life Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円0 Mil. Dai-ichi Life Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円985,774 Mil. Dai-ichi Life Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円2,980,394 Mil. Dai-ichi Life Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.33.

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 Dai-ichi Life Holdings's Debt-to-Equity or its related term are showing as below:

TSE:8750' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.26 Max: 0.38
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Dai-ichi Life Holdings was 0.38. The lowest was 0.04. And the median was 0.26.

TSE:8750's Debt-to-Equity is ranked worse than
60.21% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs TSE:8750: 0.33

Dai-ichi Life Holdings Debt-to-Equity Historical Data

The historical data trend for Dai-ichi Life 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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Dai-ichi Life Holdings Debt-to-Equity Chart

Dai-ichi Life Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.29

0.30

0.19

0.20

0.33

Dai-ichi Life 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															0.38	0.33	0.31	0.33	0.33

Competitive Comparison of Dai-ichi Life Holdings's Debt-to-Equity

For the Insurance - Life subindustry, Dai-ichi Life 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.

Dai-ichi Life Holdings's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Dai-ichi Life Holdings's Debt-to-Equity falls into.

Dai-ichi Life Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dai-ichi Life Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 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	+	949674)	/	2873111
	=	0.33

Dai-ichi Life 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	+	985774)	/	2980394
	=	0.33

Dai-ichi Life Holdings (TSE:8750) 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.

Dai-ichi Life Holdings Debt-to-Equity Related Terms

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

Dai-ichi Life Holdings (TSE:8750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Dai-ichi Life Holdings Inc (TSE:8750) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DLICY:USA DCNSF:USA

Address

13-1, Yurakucho 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8411

Website

https://www.dai-ichi-life-hd.com

Dai-Ichi Life is Japan's second-largest life insurance company excluding recently privatized Japan Post Insurance, with a market share of slightly over 10%. Unlike its largest domestic competitors Nippon Life, Meiji Yasuda, and Sumitomo Life, which remain mutually owned by their policyholders, Dai-Ichi Life demutualized and listed on the Tokyo Stock Exchange in 2010. Its main domestic operating company accounts for around 60% of profits, its Frontier bancassurance subsidiary selling mainly savings products accounts for around 10%, Alabama-based Protective Life accounts for around 15%, TAL in Australia accounts for 7%, and Dai-Ichi Life Vietnam around 5%. Dai-Ichi also holds a 30% economic interest in Mizuho's Asset Management One.

Dai-ichi Life Holdings (TSE:8750) Headlines

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