Enterprise Group (XGHA:EGL) Debt-to-Equity : 0.02 (As of Dec. 2022)

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What is Enterprise Group Debt-to-Equity?

Enterprise Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was GHS1 Mil. Enterprise Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was GHS17 Mil. Enterprise Group's Total Stockholders Equity for the quarter that ended in Dec. 2022 was GHS804 Mil. Enterprise Group's debt to equity for the quarter that ended in Dec. 2022 was 0.02.

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

XGHA:EGL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.1 Max: 0.31
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Enterprise Group was 0.31. The lowest was 0.02. And the median was 0.10.

XGHA:EGL's Debt-to-Equity is ranked better than
91.88% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs XGHA:EGL: 0.02

Enterprise Group Debt-to-Equity Historical Data

The historical data trend for Enterprise Group'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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Enterprise Group Debt-to-Equity Chart

Enterprise Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.17

0.10

0.07

0.06

0.02

Enterprise Group Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Debt-to-Equity	Get a 7-Day Free Trial									0.17	0.10	0.07	0.06	0.02

Competitive Comparison of Enterprise Group's Debt-to-Equity

For the Insurance - Life subindustry, Enterprise Group'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.

Enterprise Group's Debt-to-Equity Distribution in the Insurance Industry

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

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

Enterprise Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Enterprise Group'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
	=	(0.511	+	17.143)	/	803.822
	=	0.02

Enterprise Group's Debt to Equity Ratio for the quarter 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
	=	(0.511	+	17.143)	/	803.822
	=	0.02

Enterprise Group (XGHA:EGL) 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.

Enterprise Group Debt-to-Equity Related Terms

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

Enterprise Group (XGHA:EGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Enterprise Group Ltd (XGHA:EGL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mayor Road, Ridge West, Accra, Advantage Place, Accra, GHA, PMB 150

Website

https://www.myenterprisegroup.io

Enterprise Group Ltd is engaged in the business of investments, life, non-life and health insurance underwriting, pensions funds management, provision of funeral services and real estate development and management. It also underwrites insurance risks, associated with death, disability, health, property, and liability. The group is organized into six operating segments. These segments are Non-life insurance business; Life assurance business; Pension administration; Real estate; Funeral services; and Investments. The company derives its revenues from Life assurance business.