iA Financial (TSX:IAG) Debt-to-Equity : 0.20 (As of Sep. 2024)

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What is iA Financial Debt-to-Equity?

iA Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0 Mil. iA Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$1,496 Mil. iA Financial's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$7,326 Mil. iA Financial's debt to equity for the quarter that ended in Sep. 2024 was 0.20.

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 iA Financial's Debt-to-Equity or its related term are showing as below:

TSX:IAG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.21 Max: 0.29
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of iA Financial was 0.29. The lowest was 0.11. And the median was 0.21.

TSX:IAG's Debt-to-Equity is ranked better than
50.51% of 390 companies
in the Insurance industry
Industry Median: 0.2 vs TSX:IAG: 0.20

iA Financial Debt-to-Equity Historical Data

The historical data trend for iA Financial'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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iA Financial Debt-to-Equity Chart

iA Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.26

0.20

0.29

0.27

iA Financial 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															0.21	0.27	0.21	0.20	0.20

Competitive Comparison of iA Financial's Debt-to-Equity

For the Insurance - Diversified subindustry, iA Financial'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.

iA Financial's Debt-to-Equity Distribution in the Insurance Industry

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

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

iA Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

iA Financial'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	+	1868)	/	7038
	=	0.27

iA Financial'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	+	1496)	/	7326
	=	0.20

iA Financial (TSX:IAG) 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.

iA Financial Debt-to-Equity Related Terms

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

iA Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » iA Financial Corp Inc (TSX:IAG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IAFNF:USA 1OD:Germany 1OD:Germany

Address

1080, Grande Allee Ouest, PO Box 1907, Station Terminus, Quebec, QC, CAN, G1K 7M3

Website

https://www.ia.ca

iA Financial Corp Inc is a life and health insurance company. It offers life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgages, and others. The company operates and manages its activities according to five main reportable operating segments Insurance Canada, Individual Wealth Management, Investment, Corporate, and U.S Operations. The majority of its revenue comes from Insurance Canada.

Executives

Alain Bergeron	Senior Officer
Denis Ricard	Director, Senior Officer
Pierre Miron	Senior Officer
Éric Jobin	Senior Officer
Michael Lee Stickney	Senior Officer
Sean Albert O'brien	Senior Officer
Marc Poulin	Director
Renée Laflamme	Senior Officer
Jacques Potvin	Senior Officer
Jean-françois Boulet	Senior Officer
François Blais	Senior Officer
Claude Lamoureux	Director
Benoit Daignault	Director
Danielle G. Morin	Director
Jacques Martin	Director, Senior Officer