Oman United Insurance CoOG (MUS:OUIC) Debt-to-Equity : 0.01 (As of Mar. 2023)

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

Oman United Insurance CoOG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ر.ع0.00 Mil. Oman United Insurance CoOG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was ر.ع0.35 Mil. Oman United Insurance CoOG's Total Stockholders Equity for the quarter that ended in Mar. 2023 was ر.ع27.71 Mil. Oman United Insurance CoOG's debt to equity for the quarter that ended in Mar. 2023 was 0.01.

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 United Insurance CoOG's Debt-to-Equity or its related term are showing as below:

MUS:OUIC'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 United Insurance CoOG Debt-to-Equity Historical Data

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

Oman United Insurance CoOG Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Debt-to-Equity

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0.01

0.09

0.01

Oman United Insurance CoOG Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.01	0.19	0.04	0.01

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

For the Insurance - Reinsurance subindustry, Oman United 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 United Insurance CoOG's Debt-to-Equity Distribution in the Insurance Industry

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

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

Oman United Insurance CoOG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oman United Insurance CoOG'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	+	0.323)	/	30.83
	=	0.01

Oman United Insurance CoOG's Debt to Equity Ratio for the quarter that ended in Mar. 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	+	0.346)	/	27.708
	=	0.01

Oman United Insurance CoOG (MUS:OUIC) 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 United Insurance CoOG Debt-to-Equity Related Terms

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

Oman United Insurance CoOG (MUS:OUIC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Khuwair Street, P.O.Box 1522, Ruwi, Muscat, OMN, 112

Website

http://www.omanutd.com

Oman United Insurance Co SAOG is an insurance company. It is engaged in the underwriting of general and life and medical insurance business and in the repair and maintenance of motor vehicles. It operates in two segments General insurance and Life insurance. General insurance business includes insurance and re-insurance of motor, fire, general accident, marine cargo, hull, workmen compensation, engineering, and aviation. Life insurance relates to the insuring of the life of an individual, group life and group medical. It operates within the Sultanate of Oman with the highest revenue generated from General insurance segment.

Oman United Insurance CoOG (MUS:OUIC) Headlines

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