Willis Towers Watson (Willis Towers Watson) Debt-to-Equity

: 0.62 (As of Dec. 2023)

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Willis Towers Watson's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $775 Mil. Willis Towers Watson's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,166 Mil. Willis Towers Watson's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9,520 Mil. Willis Towers Watson's debt to equity for the quarter that ended in Dec. 2023 was 0.62.

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 Willis Towers Watson's Debt-to-Equity or its related term are showing as below:

WTW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.58 Max: 1.54
Current: 0.62

During the past 13 years, the highest Debt-to-Equity Ratio of Willis Towers Watson was 1.54. The lowest was 0.40. And the median was 0.58.

WTW's Debt-to-Equity is ranked worse than
79.32% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs WTW: 0.62

Willis Towers Watson Debt-to-Equity Historical Data

The historical data trend for Willis Towers Watson'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.

Willis Towers Watson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.66

0.62

0.41

0.55

0.62

Willis Towers Watson 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															0.55	0.54	0.63	0.63	0.62

Competitive Comparison

For the Insurance Brokers subindustry, Willis Towers Watson'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.

Willis Towers Watson Debt-to-Equity Distribution

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

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

Willis Towers Watson Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Willis Towers Watson'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
	=	(775	+	5166)	/	9520
	=	0.62

Willis Towers Watson'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
	=	(775	+	5166)	/	9520
	=	0.62

Willis Towers Watson (NAS:WTW) 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.

Willis Towers Watson Debt-to-Equity Related Terms

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Willis Towers Watson (Willis Towers Watson) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Willis Towers Watson PLC (NAS:WTW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WTW:Mexico W1LT34:Brazil

Address

C/o Willis Group Ltd, 51 Lime Street, London, GBR, EC3M 7DQ

Website

https://www.willistowerswatson.com

In January 2016, Towers Watson and Willis Group merged to form Willis Towers Watson, a global advisory, insurance brokerage, and solutions company. The company operates in two business segments: health, wealth, and career (its consulting operations) and risk and brokering (its brokerage operations). It has about 47,000 employees.

Executives

Pamela Thomson-hall	officer: Head of International	51 LIME STREET, LONDON X0 EC3M 7DQ
Anne Pullum	officer: Head of Strategy and CAO	C/O WILLIS TOWERS WATSON, 200 LIBERTY ST, 7TH FLOOR, NEW YORK NY 10281
Julie Jarecke Gebauer	officer: Head of Human Capital&Benefits	JUPITER SATURN HOLDING CO, 875 THIRD AVENUE, NEW YORK NY 10022
Fredric J Tomczyk	director	TORONTO DOMINION CENTRE, PO BOX 1, TORONTO A6 M5K IA2
Stephen M. Chipman	director	3101 DREXEL DRIVE, DALLAS TX 75205
Jacqueline Hunt	director	53 SOUTH GREEN, MATTISHALL, NORFOLK X0 N220 3JY
Anne Donovan Bodnar	officer: Head of Human Resources	901 N. GLEBE ROAD, ARLINGTON VA 22203
Gene H Wickes	officer: Head of Exchange Solutions	901 N GLEBE ROAD, ARLINGTON VA 22203
Brendan R Oneill	director	C/O IMPERIAL CHEMICAL INDUSTRIES PLC, 20 MANCHESTER SQUARE, LONDON X0 W1U 3AN
Paul C Reilly	director	880 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Alexis Faber	officer: Chief Operating Officer	3340 PLAYERS CLUB PARKWAY, SUITE 200, MEMPHIS TN 38125
Andrew Jay Krasner	officer: Chief Financial Officer	1450 BRICKELL AVENUE, SUITE 1600, MIAMI FL 33131
Fumbi F. Chima	director	44 THORNBURY CT., 36-38 CHEPSTOW VILLAS, LONDON X0 WII 2RE
Michelle R Swanback	director	7001 EAST BELLEVIEW AVENUE, DENVER CO 80237
Inga K Beale	director	C/O CRAWFORD & COMPANY, 5335 TRIANGLE PARKWAY, PEACHTREE CORNERS GA 30092