Solidarity Bahrain BSC (BAH:SOLID) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is Solidarity Bahrain BSC Debt-to-Equity?

Solidarity Bahrain BSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was BHD0.00 Mil. Solidarity Bahrain BSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was BHD0.18 Mil. Solidarity Bahrain BSC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was BHD34.38 Mil. Solidarity Bahrain BSC's debt to equity for the quarter that ended in Mar. 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 Solidarity Bahrain BSC's Debt-to-Equity or its related term are showing as below:

BAH:SOLID' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.01
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Solidarity Bahrain BSC was 0.01. The lowest was 0.00. And the median was 0.01.

BAH:SOLID's Debt-to-Equity is ranked better than
99.74% of 389 companies
in the Insurance industry
Industry Median: 0.24 vs BAH:SOLID: 0.01

Solidarity Bahrain BSC Debt-to-Equity Historical Data

The historical data trend for Solidarity Bahrain BSC'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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Solidarity Bahrain BSC Debt-to-Equity Chart

Solidarity Bahrain BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Solidarity Bahrain BSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	-	0.01	0.01

Competitive Comparison of Solidarity Bahrain BSC's Debt-to-Equity

For the Insurance - Diversified subindustry, Solidarity Bahrain BSC'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.

Solidarity Bahrain BSC's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Solidarity Bahrain BSC's Debt-to-Equity falls into.

Solidarity Bahrain BSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Solidarity Bahrain BSC'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
	=	(0.168	+	0.028)	/	36.548
	=	0.01

Solidarity Bahrain BSC's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	0.177)	/	34.376
	=	0.01

Solidarity Bahrain BSC (BAH:SOLID) 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.

Solidarity Bahrain BSC Debt-to-Equity Related Terms

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

Solidarity Bahrain BSC (BAH:SOLID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Solidarity Bahrain BSC (BAH:SOLID) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road 2825, Block 428, PO Box 5282, Flat 71, Building 2080, 7th Floor, Seef Tower, Manama, BHR

Website

https://www.solidarity.com.bh

Solidarity Bahrain BSC is engaged in providing insurance services in Bahrain. The company provides home protection plans, motor insurance, personal accident, medical insurance, travel insurance, yacht and pleasure boat insurance, and other products. It operates in the following business segments: i) Non-motor which includes fire, marine, general accident, liability, Aviation, and engineering lines of business, ii) Motor, iii) Medical iv) Group Life which includes group life and credit life business, and v) Family Takaful which includes long-term decreasing term and level term business.

Solidarity Bahrain BSC (BAH:SOLID) Headlines

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