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The historical data trend for NICO Holdings's Debt-to-Asset 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.
NICO Holdings Debt-to-Asset Chart
NICO Holdings Annual Data
Trend
Dec20
Dec21
Dec22
Dec24
Dec25
Debt-to-Asset
0.00
0.03
0.03
0.06
0.03
NICO Holdings Semi-Annual Data
Dec20
Dec21
Dec22
Dec24
Dec25
Debt-to-Asset
0.00
0.03
0.03
0.06
0.03
MSW:NICO vs BRK.A, AIG, HIG: Debt-to-Asset Comparison
For the Insurance - Diversified subindustry, NICO Holdings's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.
NICO Holdings Debt-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, NICO Holdings's Debt-to-Asset distribution charts can be found below:
* The bar in red indicates where NICO Holdings's Debt-to-Asset falls into.
* 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.
NICO Holdings (MSW:NICO) has a Debt-to-Asset of 0.03 as of Dec. 2025. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on NICO Holdings and its competitors.
Is NICO Holdings' Debt-to-Asset too high?
NICO Holdings' current Debt-to-Asset is 0.03. Overall, NICO Holdings has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NICO Holdings' Debt-to-Asset compare to BRK.A and AIG?
NICO Holdings' Debt-to-Asset of 0.03 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for an Insurance company?
A good Debt-to-Asset depends on the Insurance industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on NICO Holdings and its competitors. NICO Holdings's current Debt-to-Asset is 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NICO Holdings stock overvalued right now?
Based on GuruFocus' analysis, NICO Holdings (MSW:NICO) is currently considered Fairly Valued. The stock's GF Value™ is MWK1,283.78, compared to a current price of MWK1,343.37 — trading 4.6% above its estimated fair value. The current Debt-to-Asset is 0.03. NICO Holdings' overall GF Score™ is 79/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For NICO Holdings (MSW:NICO), the current Debt-to-Asset is 0.03 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NICO Holdings (MSW:NICO) Overvalued in 2026?
Based on GuruFocus' analysis, NICO Holdings stock appears to be overvalued.
The current stock price of MWK1,343.37 is trading 4.6% above its estimated GF Value™ of MWK1,283.78.
GuruFocus considers NICO Holdings to be Fairly Valued.
Key valuation signals for MSW:NICO:
Debt-to-Asset: 0.03
GF Value™: MWK1,283.78 vs. price of MWK1,343.37 (4.6% above fair value)
No single metric tells the full story. See the MSW:NICO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NICO Holdings PLC is a Malawi-based financial service company that operates in diversified business. Its segments include Life Insurance and Pension, General Insurance business, Banking business, Investment Holding, Asset Management, and Information Technology. Its general insurance segment offers personal and commercial insurance covering motor vehicle, building, road construction, liability, engineering, professional indemnity, marine hull & cargo, fire, and personal accidents throughout Malawi, Zambia, Tanzania, and Uganda. In contrast, life insurance and pension products including Endowment Assurance are offered in Malawi and Mozambique. The majority of the revenue is earned from the Insurance sector. while its Asset Management and Banking segments only operate in Malawi.
79GF Score
Get the complete analysis for MSW:NICO
Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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