The Company For Cooperative Insurance (SAU:8010) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is The Company For Cooperative Insurance Debt-to-Equity?

The Company For Cooperative Insurance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼0 Mil. The Company For Cooperative Insurance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼0 Mil. The Company For Cooperative Insurance's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼3,819 Mil. The Company For Cooperative Insurance's debt to equity for the quarter that ended in Mar. 2024 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 The Company For Cooperative Insurance's Debt-to-Equity or its related term are showing as below:

SAU:8010' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.13 Max: 0.15
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of The Company For Cooperative Insurance was 0.15. The lowest was 0.01. And the median was 0.13.

SAU:8010's Debt-to-Equity is ranked better than
99.74% of 386 companies
in the Insurance industry
Industry Median: 0.25 vs SAU:8010: 0.01

The Company For Cooperative Insurance Debt-to-Equity Historical Data

The historical data trend for The Company For Cooperative Insurance'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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The Company For Cooperative Insurance Debt-to-Equity Chart

The Company For Cooperative Insurance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.14

0.02

0.01

The Company For Cooperative Insurance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	0.01	-

Competitive Comparison of The Company For Cooperative Insurance's Debt-to-Equity

For the Insurance - Diversified subindustry, The Company For Cooperative Insurance'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.

The Company For Cooperative Insurance's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where The Company For Cooperative Insurance's Debt-to-Equity falls into.

The Company For Cooperative Insurance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Company For Cooperative Insurance'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	+	50.955)	/	3621.817
	=	0.01

The Company For Cooperative Insurance's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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)	/	3818.765
	=	0.00

The Company For Cooperative Insurance (SAU:8010) 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.

The Company For Cooperative Insurance Debt-to-Equity Related Terms

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The Company For Cooperative Insurance (SAU:8010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The Company For Cooperative Insurance (SAU:8010) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6507 Ath Thumamah Road- Al-Rabie District, P.O. Box 86959, Riyadh, SAU, 11632

Website

https://www.tawuniya.com.sa

The Company for Cooperative Insurance is an insurance company. The company provides its customers with more than 60 types of insurance including medical, motor, fire, property, engineering, casualty, marine, aviation, Takaful, liability insurance and many other types of insurance. The purpose of the company is to transact cooperative insurance operations and all related activities including reinsurance and agency activities. The company is organized into business units based on its products and services and has nine reportable segments as follows, Medical, Medical Umrah, Motor insurance, Property and Casualty, General accidents insurance, Travel and COVID-19, Protection & Savings, Teejan Al-Khaleej segment and Shareholders' segment.

The Company For Cooperative Insurance (SAU:8010) Headlines

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