Union Insurance (TPE:2816) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Union Insurance Debt-to-Equity?

Union Insurance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$0 Mil. Union Insurance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was NT$15 Mil. Union Insurance's Total Stockholders Equity for the quarter that ended in Mar. 2024 was NT$6,527 Mil. Union 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 Union Insurance's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Union Insurance was 0.01. The lowest was 0.00. And the median was 0.00.

TPE:2816's Debt-to-Equity is not ranked ^*
in the Insurance industry.
Industry Median: 0.23
* Ranked among companies with meaningful Debt-to-Equity only.

Union Insurance Debt-to-Equity Historical Data

The historical data trend for Union 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.

* Premium members only.

Union Insurance Debt-to-Equity Chart

Union Insurance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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Union 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 Union Insurance's Debt-to-Equity

For the Insurance - Diversified subindustry, Union 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.

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

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

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

Union Insurance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Union 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	+	17.929)	/	6100.647
	=	0.00

Union 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	+	15.393)	/	6526.883
	=	0.00

Union Insurance (TPE:2816) 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.

Union Insurance Debt-to-Equity Related Terms

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

Union Insurance (TPE:2816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Union Insurance (TPE:2816) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 219, Zhongxiao East Road, 12th Floor, Section 4, Daan District, Taipei, TWN, 10690

Website

https://www.wwunion.com

Union Insurance is a Taiwan-based company engaged in the insurance business engaged in the underwriting of fire, marine, automobile, engineering, liability, and accident insurance, reinsurance, and insurance businesses entrusted by other companies, performing a variety of investments and other businesses in accordance with the regulations. Its product portfolio includes Motor Insurance, Traveler Accident Insurance, Accident and Health Insurance, Fire Property Insurance, Casualty Insurance, Engineering Insurance, and Marine Insurance.

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