Power of Canada (TSX:POW) Debt-to-Equity : 0.95 (As of Dec. 2023)

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What is Power of Canada Debt-to-Equity?

Power of Canada's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3,452 Mil. Power of Canada's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$17,491 Mil. Power of Canada's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$22,143 Mil. Power of Canada's debt to equity for the quarter that ended in Dec. 2023 was 0.95.

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 Power of Canada's Debt-to-Equity or its related term are showing as below:

TSX:POW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 1.15 Max: 1.29
Current: 0.95

During the past 13 years, the highest Debt-to-Equity Ratio of Power of Canada was 1.29. The lowest was 0.84. And the median was 1.15.

TSX:POW's Debt-to-Equity is ranked worse than
87.43% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs TSX:POW: 0.95

Power of Canada Debt-to-Equity Historical Data

The historical data trend for Power of Canada'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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Power of Canada Debt-to-Equity Chart

Power of Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.29

0.97

0.84

0.97

0.95

Power of Canada 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															0.97	0.70	0.92	0.91	0.95

Competitive Comparison of Power of Canada's Debt-to-Equity

For the Insurance - Life subindustry, Power of Canada'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.

Power of Canada's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Power of Canada's Debt-to-Equity falls into.

Power of Canada Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Power of Canada'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
	=	(3452	+	17491)	/	22143
	=	0.95

Power of Canada'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
	=	(3452	+	17491)	/	22143
	=	0.95

Power of Canada (TSX:POW) 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.

Power of Canada Debt-to-Equity Related Terms

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

Power of Canada (TSX:POW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Power Corporation of Canada (TSX:POW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PWCDF:USA PCR:Germany POW.PR.G.PFD:Canada POW.PR.E:Canada POW.PR.D.PFD:Canada POW.PR.C.PFD:Canada POW.PR.B.PFD:Canada POW.PR.A.PFD:Canada

Address

751 Victoria Square, Montreal, QC, CAN, H2Y 2J3

Website

https://www.powercorporation.com

Power Corporation of Canada is a holding company with controlling interests in Great-West Life (an insurance conglomerate), IGM Financial (Canada's largest nonbank asset manager), and other alternative asset-management platforms (Sagard and Power Sustainable). The company also has minority interests in Groupe Bruxelles Lambert (a holding company with interests in European companies) and ChinaAMC (an asset manager in China).

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