Takaful International Co BSC (BAH:TAKAFUL) Debt-to-Equity : 0.04 (As of Mar. 2024)

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What is Takaful International Co BSC Debt-to-Equity?

Takaful International Co BSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was BHD0.00 Mil. Takaful International Co BSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was BHD0.48 Mil. Takaful International Co BSC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was BHD12.71 Mil. Takaful International Co BSC's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 Takaful International Co BSC's Debt-to-Equity or its related term are showing as below:

BAH:TAKAFUL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.04 Max: 0.05
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Takaful International Co BSC was 0.05. The lowest was 0.04. And the median was 0.04.

BAH:TAKAFUL's Debt-to-Equity is ranked better than
81.75% of 389 companies
in the Insurance industry
Industry Median: 0.23 vs BAH:TAKAFUL: 0.04

Takaful International Co BSC Debt-to-Equity Historical Data

The historical data trend for Takaful International Co 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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Takaful International Co BSC Debt-to-Equity Chart

Takaful International Co BSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.04

Takaful International Co 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															0.04	0.04	0.04	0.04	0.04

Competitive Comparison of Takaful International Co BSC's Debt-to-Equity

For the Insurance - Diversified subindustry, Takaful International Co 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.

Takaful International Co BSC's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Takaful International Co BSC's Debt-to-Equity falls into.

Takaful International Co BSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Takaful International Co 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	+	0.503)	/	12.888
	=	0.04

Takaful International Co 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	+	0.484)	/	12.705
	=	0.04

Takaful International Co BSC (BAH:TAKAFUL) 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.

Takaful International Co BSC Debt-to-Equity Related Terms

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

Takaful International Co BSC (BAH:TAKAFUL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Takaful International Co BSC (BAH:TAKAFUL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 680, Road 2811, P.O Box 3230, Seef District 428, Manama, BHR

Website

https://www.gigtakaful.bh

Takaful International Co BSC is an Islamic insurance company. The business activity of the group is operated through Motor and General Accident, Fire, Marine and Medical Takaful segments. The company offers motor insurance products; family takaful and healthcare insurance products, property and casualty insurance products, general accident and liability insurance, as well as aviation and medical expenses coverage products. It serves individuals and corporations. Geographically operates through the region of the Kingdom of Bahrain and the State of Qatar.

Takaful International Co BSC (BAH:TAKAFUL) Headlines

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