Protector Forsikring ASA (FRA:PR4) Debt-to-Equity : 0.41 (As of Mar. 2024)

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What is Protector Forsikring ASA Debt-to-Equity?

Protector Forsikring ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0.0 Mil. Protector Forsikring ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €164.0 Mil. Protector Forsikring ASA's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €400.3 Mil. Protector Forsikring ASA'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 Protector Forsikring ASA's Debt-to-Equity or its related term are showing as below:

FRA:PR4' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.41 Max: 0.76
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Protector Forsikring ASA was 0.76. The lowest was 0.07. And the median was 0.41.

FRA:PR4's Debt-to-Equity is ranked worse than
67.28% of 382 companies
in the Insurance industry
Industry Median: 0.24 vs FRA:PR4: 0.41

Protector Forsikring ASA Debt-to-Equity Historical Data

The historical data trend for Protector Forsikring ASA'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.

Protector Forsikring ASA Debt-to-Equity Chart

Protector Forsikring ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.62

0.49

0.39

0.36

0.44

Protector Forsikring ASA 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															0.31	0.31	0.33	0.44	0.41

Competitive Comparison of Protector Forsikring ASA's Debt-to-Equity

For the Insurance - Specialty subindustry, Protector Forsikring ASA'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.

Protector Forsikring ASA's Debt-to-Equity Distribution in the Insurance Industry

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

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

Protector Forsikring ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Protector Forsikring ASA'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	+	171.815)	/	393.646
	=	0.44

Protector Forsikring ASA'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	+	163.998)	/	400.325
	=	0.41

Protector Forsikring ASA (FRA:PR4) 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.

Protector Forsikring ASA Debt-to-Equity Related Terms

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

Protector Forsikring ASA (FRA:PR4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Protector Forsikring ASA (FRA:PR4) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PROTCTO:Sweden PROT:Norway 0JXF:UK

Address

Stoperigata 2, PB 1351 Vika, Oslo, NOR, 0113

Website

https://www.protectorforsikring.no

Protector Forsikring ASA provides a wide range of insurance products to companies and public organizations, primarily in Norway, Sweden, and Denmark. Protector's products include workers' compensation, group life, accident, health, property, motor, liability, cargo, and change of ownership insurance. Insurance premiums provide nearly all of the company's revenue. Protector's commercial business provides insurance for more than 5,000 companies, most of which have annual insurance premiums between NOK 100,000 and NOK 3 million. The public business provides coverage to more than 500 municipalities and 30 countries.

Protector Forsikring ASA (FRA:PR4) Headlines

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