Oman Qatar Insurance CoOG (MUS:OQIC) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Oman Qatar Insurance CoOG Debt-to-Equity?

Oman Qatar Insurance CoOG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ر.ع0.00 Mil. Oman Qatar Insurance CoOG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ر.ع0.12 Mil. Oman Qatar Insurance CoOG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ر.ع36.91 Mil. Oman Qatar Insurance CoOG's debt to equity for the quarter that ended in Dec. 2023 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 Oman Qatar Insurance CoOG's Debt-to-Equity or its related term are showing as below:

During the past 8 years, the highest Debt-to-Equity Ratio of Oman Qatar Insurance CoOG was 0.01. The lowest was 0.00. And the median was 0.01.

MUS:OQIC's Debt-to-Equity is not ranked ^*
in the Insurance industry.
Industry Median: 0.24
* Ranked among companies with meaningful Debt-to-Equity only.

Oman Qatar Insurance CoOG Debt-to-Equity Historical Data

The historical data trend for Oman Qatar Insurance CoOG'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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Oman Qatar Insurance CoOG Debt-to-Equity Chart

Oman Qatar Insurance CoOG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Oman Qatar Insurance CoOG Quarterly Data
	Dec17	Mar18	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	-	-	-	-

Competitive Comparison of Oman Qatar Insurance CoOG's Debt-to-Equity

For the Insurance - Diversified subindustry, Oman Qatar Insurance CoOG'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.

Oman Qatar Insurance CoOG's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Oman Qatar Insurance CoOG's Debt-to-Equity falls into.

Oman Qatar Insurance CoOG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oman Qatar Insurance CoOG'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	+	0.12)	/	36.91
	=	0.00

Oman Qatar Insurance CoOG'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	+	0.12)	/	36.91
	=	0.00

Oman Qatar Insurance CoOG (MUS:OQIC) 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.

Oman Qatar Insurance CoOG Debt-to-Equity Related Terms

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Oman Qatar Insurance CoOG (MUS:OQIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Oman Qatar Insurance Co SAOG (MUS:OQIC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box.3660, Ruwi, OMN, 112

Website

https://www.oqic.com

Oman Qatar Insurance Co SAOG is a life insurance company. It is engaged in the business of life and general insurance within the Sultanate of Oman. The company's segments include: Marine and aviation insurance includes marine cargo, marine hull, and machinery and aviation; Fire and general insurance includes fire, engineering, energy, motor, general accident, medical insurance, and third-party liability; and Group life and credit life insurance.

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