Corebridge Financial (Corebridge Financial) Debt-to-Equity : 1.01 (As of Dec. 2023)

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What is Corebridge Financial Debt-to-Equity?

Corebridge Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $250 Mil. Corebridge Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11,622 Mil. Corebridge Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11,766 Mil. Corebridge Financial's debt to equity for the quarter that ended in Dec. 2023 was 1.01.

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

CRBG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.79 Max: 1.63
Current: 1.01

During the past 5 years, the highest Debt-to-Equity Ratio of Corebridge Financial was 1.63. The lowest was 0.30. And the median was 0.79.

CRBG's Debt-to-Equity is ranked worse than
86.9% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs CRBG: 1.01

Corebridge Financial Debt-to-Equity Historical Data

The historical data trend for Corebridge Financial'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.

Corebridge Financial Debt-to-Equity Chart

Corebridge Financial Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

0.30

0.58

1.63

1.01

Corebridge Financial Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									1.63	1.04	1.14	1.43	1.01

Competitive Comparison of Corebridge Financial's Debt-to-Equity

For the Asset Management subindustry, Corebridge Financial'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.

Corebridge Financial's Debt-to-Equity Distribution in the Asset Management Industry

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

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

Corebridge Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Corebridge Financial'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
	=	(250	+	11622)	/	11766
	=	1.01

Corebridge Financial's Debt to Equity Ratio for the quarter 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
	=	(250	+	11622)	/	11766
	=	1.01

Corebridge Financial (NYSE:CRBG) 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.

Corebridge Financial Debt-to-Equity Related Terms

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

Corebridge Financial (Corebridge Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Corebridge Financial Inc (NYSE:CRBG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AS5:Germany

Address

2919 Allen Parkway, Woodson Tower, Houston, TX, USA, 77019

Website

https://www.corebridgefinancial.com

Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other.

Executives

American International Group, Inc.	10 percent owner	1271 AVE OF THE AMERICAS, FL 37, NEW YORK NY 10020-1304
John P Byrne	officer: Pres of Financial Distributors	7428 FOXBURG COURT, CLARKSTON MI 48348
Timothy M Heslin	officer: President of Life Insurance	4401 FARRISWOOD DR., NASHVILLE TN 37204
Bryan A Pinsky	officer: Pres of Individual Retirement	405 10TH ST., MANHATTAN BEACH CA 90266
Caldwell Steven Douglas Jr	officer: Chief Risk Officer	39 GRAMERCY PARK N APT 1BC, NEW YORK NY 10010
Christopher Brian Smith	officer: Chief Operating Officer	42 WADE DRIVE, SUMMIT NJ 07901
Lisa Longino	officer: Chief Investment Officer	C/O COREBRIDGE FINANCIAL, INC., 2919 ALLEN PARKWAY, WOODSON TOWER, HOUSTON TX 77019
Hunter Constance	officer: Head of Strategy	1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Katherine Ann Anderson	officer: Chief Risk Officer	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Elizabeth Palmer	officer: Chief Marketing Officer	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Alan Leonard Smith	officer: Chief Human Resources Officer	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Terri N Fiedler	officer: President Retirement Services	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS NY 91367
Todd P Solash	officer: President, IR and Life	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Jonathan J Novak	officer: President of IM	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Mia W Tarpey	officer: Chief Operating Officer	C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367