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First Insurance Co (AMM:FINS) Debt-to-Equity : 0.01 (As of Sep. 2024)


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What is First Insurance Co Debt-to-Equity?

First Insurance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was JOD0.00 Mil. First Insurance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was JOD0.50 Mil. First Insurance Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was JOD35.69 Mil. First Insurance Co's debt to equity for the quarter that ended in Sep. 2024 was 0.01.

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 First Insurance Co's Debt-to-Equity or its related term are showing as below:

AMM:FINS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.01   Max: 0.26
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of First Insurance Co was 0.26. The lowest was 0.01. And the median was 0.01.

AMM:FINS's Debt-to-Equity is ranked better than
99.74% of 390 companies
in the Insurance industry
Industry Median: 0.2 vs AMM:FINS: 0.01

First Insurance Co Debt-to-Equity Historical Data

The historical data trend for First Insurance Co'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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First Insurance Co Debt-to-Equity Chart

First Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.26

First Insurance Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.26 0.02 0.01 0.01

Competitive Comparison of First Insurance Co's Debt-to-Equity

For the Insurance - Diversified subindustry, First Insurance Co'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.


First Insurance Co's Debt-to-Equity Distribution in the Insurance Industry

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

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



First Insurance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Insurance Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

First Insurance Co's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


First Insurance Co  (AMM:FINS) 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.


First Insurance Co Debt-to-Equity Related Terms

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


First Insurance Co Business Description

Traded in Other Exchanges
N/A
Address
King Abdullah II Street, Building No. 95, P.O. Box 189, Khalda - Dabouq Circle, Near the Medical City, Amman, JOR, 11822
First Insurance Co is a Jordan-based insurance company. It provides insurance on fire, natural hazards, accidents, medical and marine vehicles, cargo during transportation and other damage to properties, a liability of land-based vehicles, general liability, assistance insurance, and others. Its products include motor insurance, medical insurance, life insurance, and travel insurance among others; while corporate products include marine insurance, property insurance, and cash insurance among others.