AXA (CHIX:CSP) Debt-to-Equity : 1.50 (As of Jun. 2024)

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What is AXA Debt-to-Equity?

AXA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €0 Mil. AXA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was €71,091 Mil. AXA's Total Stockholders Equity for the quarter that ended in Jun. 2024 was €47,340 Mil. AXA's debt to equity for the quarter that ended in Jun. 2024 was 1.50.

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

CHIX:CSp' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.63 Med: 1.06 Max: 1.51
Current: 1.5

During the past 13 years, the highest Debt-to-Equity Ratio of AXA was 1.51. The lowest was 0.63. And the median was 1.06.

CHIX:CSp's Debt-to-Equity is ranked worse than
93.59% of 390 companies
in the Insurance industry
Industry Median: 0.2 vs CHIX:CSp: 1.50

AXA Debt-to-Equity Historical Data

The historical data trend for AXA'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.

* Premium members only.

AXA Debt-to-Equity Chart

AXA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.87

0.93

1.39

1.38

1.20

AXA Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															1.13	1.38	1.51	1.20	1.50

Competitive Comparison of AXA's Debt-to-Equity

For the Insurance - Diversified subindustry, AXA'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.

AXA's Debt-to-Equity Distribution in the Insurance Industry

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

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

AXA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AXA'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
	=	(1	+	59541)	/	49579
	=	1.20

AXA's Debt to Equity Ratio for the quarter that ended in Jun. 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	+	71091)	/	47340
	=	1.50

AXA (CHIX:CSp) 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.

AXA Debt-to-Equity Related Terms

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

AXA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AXA SA (CHIX:CSp) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AXAHY:USA AXAHF:USA 1CS:Italy 0HAR:UK CS:France AXA:Germany AXAA:Germany AXA:Germany AXA:Germany AXAA:Germany AXA:Germany CS:Austria

Address

25, Avenue Matignon, Paris, FRA, 75008

Website

https://www.axa.com

AXA's origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French security system. With the threat of nationalization, a merger took place between three insurance groups: The Drouot Group, AXA (still known as Mutuelles Unies in 1982), and Presence Group. Ten years later, AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought UAP, a French insurer. Yet, as markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in US investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About five years ago, AXA started to reshape its portfolio to technical risks.

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