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Legal & General Group (Legal & General Group) Debt-to-Equity : 1.27 (As of Dec. 2023)


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What is Legal & General Group Debt-to-Equity?

Legal & General Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $341 Mil. Legal & General Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,406 Mil. Legal & General Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6,109 Mil. Legal & General Group's debt to equity for the quarter that ended in Dec. 2023 was 1.27.

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 Legal & General Group's Debt-to-Equity or its related term are showing as below:

LGGNY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5   Med: 0.57   Max: 1.27
Current: 1.27

During the past 13 years, the highest Debt-to-Equity Ratio of Legal & General Group was 1.27. The lowest was 0.50. And the median was 0.57.

LGGNY's Debt-to-Equity is ranked worse than
90.25% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs LGGNY: 1.27

Legal & General Group Debt-to-Equity Historical Data

The historical data trend for Legal & General Group'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.

Legal & General Group Debt-to-Equity Chart

Legal & General Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.56 1.00 1.00 1.27

Legal & General Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 0.47 1.00 1.09 1.27

Competitive Comparison of Legal & General Group's Debt-to-Equity

For the Asset Management subindustry, Legal & General Group'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.

Legal & General Group's Debt-to-Equity Distribution in the Asset Management Industry

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

* The bar in red indicates where Legal & General Group's Debt-to-Equity falls into.


Legal & General Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Legal & General Group'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
=(340.506 + 7406.329) / 6108.861
=1.27

Legal & General Group'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
=(340.506 + 7406.329) / 6108.861
=1.27

* 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.

Legal & General Group  (OTCPK:LGGNY) 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.

Legal & General Group Debt-to-Equity Related Terms

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

Legal & General Group (Legal & General Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Legal & General Group PLC (OTCPK:LGGNY) » Definitions » Debt-to-Equity
Comparable Companies
LSE:SMT LSE:ICG LSE:SDR LSE:FCIT LSE:MNG LSE:HL. LSE:PCT LSE:ATST LSE:UKW LSE:3IN BLK BX KKR OSTO:INVE A APO TSX:BN BK AMP LSE:III XSWX:PGHN
Traded in Other Exchanges
LGGNF:USA LGENl:UK LGEN:UK LGI:Germany
Address
One Coleman Street, London, GBR, EC2R 5AA
Website
https://www.legalandgeneralgroup.com
Legal & General Group PLC operates across four broad business areas of retirement, investment management, capital investment, and insurance. The retirement business provides provide guaranteed retirement income for corporate pension scheme members. Investment Management business provides investment management services for both individuals and corporations, including managing pension funds. Capital investment use customers' pension assets, as well as the group's shareholder capital, to make long-term investments in assets such as clean energy, housing, and SME finance. The Insurance business provides various types of insurance, including life and disability insurance. The company has a global presence but most of its assets under management are derived from the United Kingdom and Europe.