TRRSF (Trisura Group) Debt-to-Equity : 0.14 (As of Sep. 2024)

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What is Trisura Group Debt-to-Equity?

Trisura Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil. Trisura Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $79 Mil. Trisura Group's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $552 Mil. Trisura Group's debt to equity for the quarter that ended in Sep. 2024 was 0.14.

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 Trisura Group's Debt-to-Equity or its related term are showing as below:

TRRSF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.36 Max: 0.96
Current: 0.14

During the past 8 years, the highest Debt-to-Equity Ratio of Trisura Group was 0.96. The lowest was 0.13. And the median was 0.36.

TRRSF's Debt-to-Equity is ranked better than
59.49% of 390 companies
in the Insurance industry
Industry Median: 0.2 vs TRRSF: 0.14

Trisura Group Debt-to-Equity Historical Data

The historical data trend for Trisura Group'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.

Trisura Group Debt-to-Equity Chart

Trisura Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.36

0.13

0.21

0.33

0.14

Trisura Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.27	0.14	N/A	0.16	0.14

Competitive Comparison of Trisura Group's Debt-to-Equity

For the Insurance - Specialty subindustry, Trisura Group'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.

Trisura Group's Debt-to-Equity Distribution in the Insurance Industry

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

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

Trisura Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trisura Group'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	+	63.132)	/	461.709
	=	0.14

Trisura Group's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	79.392)	/	551.736
	=	0.14

Trisura Group (OTCPK:TRRSF) 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.

Trisura Group Debt-to-Equity Related Terms

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Trisura Group Business Description

Industry

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0AMJ:UK TSU:Canada

Address

333 Bay Street, Suite 1610, Box 22, Toronto, ON, CAN, M5H 2R2

Website

https://www.trisura.com

Trisura Group Ltd is a Canadian-based company that engages in the provision of specialty insurance. The operating business segments are Trisura Canada and Trisura U.S. The operations of Trisura Canada comprise Surety business underwritten in both Canada and the United States, and Risk Solutions, Fronting and Corporate Insurance products underwritten in Canada. Trisura U.S. provides specialty fronting insurance solutions underwritten in the United States and includes the active operations of Trisura International.