Sunshine Insurance Group Co (HKSE:06963) Debt-to-Equity : 0.33 (As of Dec. 2023)

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What is Sunshine Insurance Group Co Debt-to-Equity?

Sunshine Insurance Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$0 Mil. Sunshine Insurance Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$21,946 Mil. Sunshine Insurance Group Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was HK$66,115 Mil. Sunshine Insurance Group Co's debt to equity for the quarter that ended in Dec. 2023 was 0.33.

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 Sunshine Insurance Group Co's Debt-to-Equity or its related term are showing as below:

HKSE:06963' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.31 Max: 0.36
Current: 0.33

During the past 5 years, the highest Debt-to-Equity Ratio of Sunshine Insurance Group Co was 0.36. The lowest was 0.22. And the median was 0.31.

HKSE:06963's Debt-to-Equity is ranked worse than
61.28% of 390 companies
in the Insurance industry
Industry Median: 0.23 vs HKSE:06963: 0.33

Sunshine Insurance Group Co Debt-to-Equity Historical Data

The historical data trend for Sunshine Insurance Group Co'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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Sunshine Insurance Group Co Debt-to-Equity Chart

Sunshine Insurance Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.36

0.31

0.27

0.22

0.33

Sunshine Insurance Group Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.27	0.25	0.22	0.20	0.33

Competitive Comparison of Sunshine Insurance Group Co's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Sunshine Insurance Group Co'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.

Sunshine Insurance Group Co's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Sunshine Insurance Group Co's Debt-to-Equity falls into.

Sunshine Insurance Group Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sunshine Insurance Group Co'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	+	21945.58)	/	66114.559
	=	0.33

Sunshine Insurance Group Co'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
	=	(0	+	21945.58)	/	66114.559
	=	0.33

Sunshine Insurance Group Co (HKSE:06963) 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.

Sunshine Insurance Group Co Debt-to-Equity Related Terms

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

Sunshine Insurance Group Co (HKSE:06963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sunshine Insurance Group Co Ltd (HKSE:06963) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7002, Hongli West Road, 17th Floor, Block A First World Plaza, Futian District, Shenzhen, CHN, 518034

Website

Sunshine Insurance Group Co Ltd is mainly engaged in the insurance business. The company has three operating segments; The life insurance segment offers a wide range of life insurance products mainly by Sunshine Life, The property and casualty insurance segment offers a wide range of property and casualty insurance products mainly by Sunshine P&C and Sunshine Surety, and Other businesses segment mainly provides corporation management and assets management services. It derives a majority of its revenue from the Life insurance segment.

Executives

Hua Tai Zi Jin Tou Zi You Xian Ze Ren Gong Si
Hua Tai Zheng Quan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Qian Hai Rui Lian Qi Hao Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Bei Jing Hong Yu Zi Xun Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Shan Rui Lian Ji Jin Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Nan Jing Hua Tai Rui Lian Bing Gou Ji Jin Yi Hao You Xian He Huo	2201 Interest of corporation controlled by you
Nan Jing Rui Lian Guan Li Zi Xun He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Jiang Su Hua Tai Rui Lian Bing Gou Ji Jin You Xian He Huo	2201 Interest of corporation controlled by you
Jiang Su Tian Cheng Wu Ye Fa Zhan You Xian Ze Ren Gong Si	2101 Beneficial owner
Bei Jing Lin Qi Hao Rui Zi Xun You Xian Gong Si	2201 Interest of corporation controlled by you
Xi Zang Hong Yu Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Shi You Hua Gong Ji Tuan You Xian Gong Si	2101 Beneficial owner
Zhong Guo Cheng Tong Kong Gu Ji Tuan You Xian Gong Si	2101 Beneficial owner
Dynamic Sunrise Limited
Wong Kwong Miu

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