Prudential Financial (WBO:PRU) Debt-to-Equity

: 0.75 (As of Dec. 2023)

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Prudential Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €801 Mil. Prudential Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €18,341 Mil. Prudential Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €25,511 Mil. Prudential Financial's debt to equity for the quarter that ended in Dec. 2023 was 0.75.

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

WBO:PRU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.45 Max: 0.75
Current: 0.75

During the past 13 years, the highest Debt-to-Equity Ratio of Prudential Financial was 0.75. The lowest was 0.31. And the median was 0.45.

WBO:PRU's Debt-to-Equity is ranked worse than
83.77% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs WBO:PRU: 0.75

Prudential Financial Debt-to-Equity Historical Data

The historical data trend for Prudential 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.

Prudential Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.31

0.32

0.69

0.75

Prudential 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	Get a 7-Day Free Trial															0.69	0.69	0.71	0.79	0.75

Competitive Comparison

For the Insurance - Life subindustry, Prudential 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.

Prudential Financial Debt-to-Equity Distribution

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

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

Prudential Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prudential 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
	=	(800.541	+	18340.917)	/	25510.94
	=	0.75

Prudential 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
	=	(800.541	+	18340.917)	/	25510.94
	=	0.75

Prudential Financial (WBO:PRU) 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.

Prudential Financial Debt-to-Equity Related Terms

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

Prudential Financial (WBO:PRU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Prudential Financial Inc (WBO:PRU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PRU:USA PRU:Mexico PLL:Germany P1DT34:Brazil

Address

751 Broad Street, Newark, NJ, USA, 07102

Website

https://www.investor.prudential.com

Prudential Financial is a large, diversified insurance company offering annuities, life insurance, retirement plan services, and asset management products. While it operates in a number of countries, the vast majority of revenue is generated in the United States and Japan. The company's investment management business, PGIM, contributes approximately 15% of its earnings and has over $1.5 trillion in assets under management. The U.S. businesses are responsible for about 45% of earnings and can be classified into Institutional Retirement Strategies, Individual Retirement Strategies, Group Insurance, Individual Life Insurance, and Assurance IQ. Finally, the international business segment of the company contributes approximately 40% of earnings with a strong market position in Japan.