Metromile (Metromile) Debt-to-Equity : 0.00 (As of Mar. 2022)

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What is Metromile Debt-to-Equity?

Metromile's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $0.0 Mil. Metromile's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $0.0 Mil. Metromile's Total Stockholders Equity for the quarter that ended in Mar. 2022 was $157.6 Mil. Metromile's debt to equity for the quarter that ended in Mar. 2022 was 0.00.

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

During the past 2 years, the highest Debt-to-Equity Ratio of Metromile was -0.14. The lowest was -0.14. And the median was -0.14.

MILE's Debt-to-Equity is not ranked ^*
in the Insurance industry.
Industry Median: 0.23
* Ranked among companies with meaningful Debt-to-Equity only.

Metromile Debt-to-Equity Historical Data

The historical data trend for Metromile'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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Metromile Debt-to-Equity Chart

Metromile Annual Data

Trend

Dec20

Dec21

Debt-to-Equity

-0.14

Metromile Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Debt-to-Equity	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Metromile's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Metromile'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.

Metromile's Debt-to-Equity Distribution in the Insurance Industry

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

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

Metromile Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Metromile's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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	+	0)	/	186.388
	=	0.00

Metromile's Debt to Equity Ratio for the quarter that ended in Mar. 2022 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	+	0)	/	157.639
	=	0.00

Metromile (NAS:MILE) 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.

Metromile Debt-to-Equity Related Terms

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

Metromile (Metromile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Metromile Inc (NAS:MILE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

425 Market Street, Suite 700, San Francisco, CA, USA, 94105

Website

https://www.metromile.com

Metromile Inc is a digital insurance platform in the United States. It offers real-time, personalized auto insurance policies by the mile. Metromile's digitally native offering is built around the modern driver's needs, featuring automated claims, complimentary smart driving features and annual average savings of 47% over what they were paying their previous auto insurer.

Executives

David A Friedberg	director	800 N. LINDBERGH BLVD., ST. LOUIS MO 63167
Sandra Marie Clarke	director	53 HIDDEN OAKS DRIVE LAFAYETTE CA 94549
John Miles Butler	director	2929 ARCH STREET, SUITE 1703, PHILADELPHIA PA 19104
Regi Vengalil	officer: Chief Financial Officer	411 1ST AVENUE SOUTH, SUITE 501, SEATTLE WA 98104
Mark Gundacker	officer: Chief People Officer	C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Paw Andersen	officer: Chief Technology Officer	C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Dan Preston	director, officer: Chief Executive Officer	C/O METROMILE, INC., 425 MARKET STREET, SUITE 700, SAN FRANCISCO CA 94105
Jesse Mckendry	officer: VP, Insurance	C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Lindsay Alexovich	officer: Chief Accounting Officer	C/O METROMILE, INC. 425 MARKET STREET, SUITE 700 SAN FRANCISCO CA 94105
Bryant Colin	director	2855 SAND HILL ROAD MENLO PARK CA 94025
Vikas Singhal	director	2187 ATLANTIC STREET, FOURTH FLOOR, STAMFORD CT 06902
Ryan Graves	director	C/O ICONIQ CAPITAL, 15 E. 26TH STREET, SUITE 602, NEW YORK NY 10010
Betsy Z Cohen	director
Dioptra Advisors Ii, Llc	10 percent owner	2929 ARCH STREET STE 1703 PHILADELPHIA PA 19104
Insurance Acquisition Sponsor Ii, Llc	10 percent owner	2929 ARCH STREET STE 1703 PHILADELPHIA PA 19104