Mutual Benefits Assurance (NSA:MBAS) Debt-to-Equity : 0.01 (As of Sep. 2023)

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What is Mutual Benefits Assurance Debt-to-Equity?

Mutual Benefits Assurance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₦0 Mil. Mutual Benefits Assurance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was ₦401 Mil. Mutual Benefits Assurance's Total Stockholders Equity for the quarter that ended in Sep. 2023 was ₦27,790 Mil. Mutual Benefits Assurance's debt to equity for the quarter that ended in Sep. 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 Mutual Benefits Assurance's Debt-to-Equity or its related term are showing as below:

NSA:MBAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.5 Max: 0.91
Current: 0.01

During the past 8 years, the highest Debt-to-Equity Ratio of Mutual Benefits Assurance was 0.91. The lowest was 0.01. And the median was 0.50.

NSA:MBAS's Debt-to-Equity is ranked better than
99.74% of 391 companies
in the Insurance industry
Industry Median: 0.23 vs NSA:MBAS: 0.01

Mutual Benefits Assurance Debt-to-Equity Historical Data

The historical data trend for Mutual Benefits Assurance'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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Mutual Benefits Assurance Debt-to-Equity Chart

Mutual Benefits Assurance Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.75

0.50

0.17

0.13

0.02

Mutual Benefits Assurance Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.01

Competitive Comparison of Mutual Benefits Assurance's Debt-to-Equity

For the Insurance - Diversified subindustry, Mutual Benefits Assurance'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.

Mutual Benefits Assurance's Debt-to-Equity Distribution in the Insurance Industry

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

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

Mutual Benefits Assurance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mutual Benefits Assurance's Debt to Equity Ratio for the fiscal year that ended in Dec. 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	+	400.87)	/	21376.114
	=	0.02

Mutual Benefits Assurance's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	400.87)	/	27790.091
	=	0.01

Mutual Benefits Assurance (NSA:MBAS) 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.

Mutual Benefits Assurance Debt-to-Equity Related Terms

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

Mutual Benefits Assurance (NSA:MBAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mutual Benefits Assurance PLC (NSA:MBAS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

233 Ikorodu Road, Aret Adams House, Ilupeju, Lagos, NGA

Website

https://www.mutualng.com

Mutual Benefits Assurance PLC provides a range of insurance products and services in the areas of life assurance and general insurance. Its segment includes the Assurance business; Real estate and Microfinance. The company's offerings include group Auto Insurance, Health Insurance, Pure Investment Products, Anticipated Endowment, Mutual Annuity Products, and Investment Linked Schemes, among others.

Mutual Benefits Assurance (NSA:MBAS) Headlines

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