Softlogic Life Insurance (COL:AAIC.N0000) Debt-to-Equity : 0.41 (As of Mar. 2024)

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What is Softlogic Life Insurance Debt-to-Equity?

Softlogic Life Insurance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was රු370 Mil. Softlogic Life Insurance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was රු4,803 Mil. Softlogic Life Insurance's Total Stockholders Equity for the quarter that ended in Mar. 2024 was රු12,767 Mil. Softlogic Life Insurance's debt to equity for the quarter that ended in Mar. 2024 was 0.41.

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

COL:AAIC.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.32 Max: 0.68
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Softlogic Life Insurance was 0.68. The lowest was 0.02. And the median was 0.32.

COL:AAIC.N0000's Debt-to-Equity is ranked worse than
67.53% of 385 companies
in the Insurance industry
Industry Median: 0.25 vs COL:AAIC.N0000: 0.41

Softlogic Life Insurance Debt-to-Equity Historical Data

The historical data trend for Softlogic Life Insurance'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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Softlogic Life Insurance Debt-to-Equity Chart

Softlogic Life Insurance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.07

0.39

0.38

0.60

0.45

Softlogic Life Insurance 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															0.55	0.47	0.45	0.45	0.41

Competitive Comparison of Softlogic Life Insurance's Debt-to-Equity

For the Insurance - Life subindustry, Softlogic Life Insurance'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.

Softlogic Life Insurance's Debt-to-Equity Distribution in the Insurance Industry

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

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

Softlogic Life Insurance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Softlogic Life Insurance'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
	=	(532.028	+	5466.179)	/	13333.346
	=	0.45

Softlogic Life Insurance'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
	=	(369.616	+	4802.677)	/	12766.68
	=	0.41

Softlogic Life Insurance (COL:AAIC.N0000) 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.

Softlogic Life Insurance Debt-to-Equity Related Terms

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

Softlogic Life Insurance (COL:AAIC.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Softlogic Life Insurance PLC (COL:AAIC.N0000) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Galle Face Tower, Level 16, Colombo, LKA, 02

Website

https://www.softlogiclife.lk

Softlogic Life Insurance PLC is engaged in the insurance business. The company has operations in the sectors of retail, healthcare, information and communications technology (ICT), automobiles, leisure, and financial services. Its operating segment includes Policyholder Fund and Shareholder Fund. The company generates maximum revenue from the Policyholder Fund segment.

Softlogic Life Insurance (COL:AAIC.N0000) Headlines

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