Great-West Lifeco (TSX:GWO) Debt-to-Equity

: 0.36 (As of Dec. 2023)

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Great-West Lifeco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$435 Mil. Great-West Lifeco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$9,215 Mil. Great-West Lifeco's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$26,836 Mil. Great-West Lifeco's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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 Great-West Lifeco's Debt-to-Equity or its related term are showing as below:

TSX:GWO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.3 Max: 0.45
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Great-West Lifeco was 0.45. The lowest was 0.26. And the median was 0.30.

TSX:GWO's Debt-to-Equity is ranked worse than
62.83% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs TSX:GWO: 0.36

Great-West Lifeco Debt-to-Equity Historical Data

The historical data trend for Great-West Lifeco'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.

Great-West Lifeco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.31

0.45

0.39

0.44

0.36

Great-West Lifeco 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																0.44	0.40	0.36	0.35	0.36

Competitive Comparison

For the Insurance - Life subindustry, Great-West Lifeco'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.

Great-West Lifeco Debt-to-Equity Distribution

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

* The bar in red indicates where Great-West Lifeco's Debt-to-Equity falls into.

Great-West Lifeco Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Great-West Lifeco'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
	=	(435	+	9215)	/	26836
	=	0.36

Great-West Lifeco'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
	=	(435	+	9215)	/	26836
	=	0.36

Great-West Lifeco (TSX:GWO) 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.

Great-West Lifeco Debt-to-Equity Related Terms

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

Great-West Lifeco (TSX:GWO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Great-West Lifeco Inc (TSX:GWO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

100 Osborne Street North, Winnipeg, MB, CAN, R3C 1V3

Website

https://www.greatwestlifeco.com

Great-West Lifeco provides life insurance, health insurance, retirement products, asset management, recordkeeping services, and reinsurance products in Canada, the United States, and Europe. The Canada business contributes approximately 35% of adjusted earnings and has leading market positions in group insurance, group retirement, and individual insurance. The company operates the second-largest recordkeeping business under the Empower brand in the United States, with an earnings contribution from the country approximating 20%. Great-West Lifeco also offers various products across Europe markets with a strong presence in the U.K., Ireland, and Germany. The Europe segment contributes around 28% of adjusted earnings and the reinsurance business accounts for around 17% of adjusted earnings.

Great-West Lifeco (TSX:GWO) Headlines

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