AXA (WBO:CS) Debt-to-Equity : 1.51 (As of Jun. 2023)

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What is AXA Debt-to-Equity?

AXA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €0 Mil. AXA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €69,435 Mil. AXA's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €45,912 Mil. AXA's debt to equity for the quarter that ended in Jun. 2023 was 1.51.

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

WBO:CS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.63 Med: 0.97 Max: 1.51
Current: 1.51

During the past 13 years, the highest Debt-to-Equity Ratio of AXA was 1.51. The lowest was 0.63. And the median was 0.97.

WBO:CS's Debt-to-Equity is ranked worse than
92.41% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs WBO:CS: 1.51

AXA Debt-to-Equity Historical Data

The historical data trend for AXA'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.

AXA Debt-to-Equity Chart

AXA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.05

0.87

0.93

0.87

1.41

AXA Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.82	0.87	1.13	1.41	1.51

Competitive Comparison of AXA's Debt-to-Equity

For the Insurance - Diversified subindustry, AXA'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.

AXA's Debt-to-Equity Distribution in the Insurance Industry

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

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

AXA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AXA's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(1892	+	61854)	/	45353
	=	1.41

AXA's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	69435)	/	45912
	=	1.51

AXA (WBO:CS) 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.

AXA Debt-to-Equity Related Terms

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

AXA (WBO:CS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AXA SA (WBO:CS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AXAHY:USA AXAHF:USA AXA:Italy CSp:UK 0HAR:UK CS:France AXA:Germany

Address

25, Avenue Matignon, Paris, FRA, 75008

Website

https://www.axa.com

AXA's origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French security system. With the threat of nationalization, a merger took place between three insurance groups The Drouot Group, AXA (still known as Mutuelles Unies in 1982), and Presence Group. Ten years later AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought UAP, a large French insurer at that time. Yet, as markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in U.S. investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About 5 years ago AXA began reshaping its portfolio again.

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