Intact Financial (TSX:IFC) Debt-to-Equity : 0.33 (As of Sep. 2024)

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What is Intact Financial Debt-to-Equity?

Intact Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$474 Mil. Intact Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$5,302 Mil. Intact Financial's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$17,780 Mil. Intact Financial's debt to equity for the quarter that ended in Sep. 2024 was 0.32.

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

TSX:IFC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.32 Max: 0.41
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Intact Financial was 0.41. The lowest was 0.20. And the median was 0.32.

TSX:IFC's Debt-to-Equity is ranked worse than
63.85% of 390 companies
in the Insurance industry
Industry Median: 0.2 vs TSX:IFC: 0.33

Intact Financial Debt-to-Equity Historical Data

The historical data trend for Intact 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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Intact Financial Debt-to-Equity Chart

Intact Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.32

0.36

0.35

0.33

0.36

Intact 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															0.36	0.36	0.33	0.32	0.33

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

For the Insurance - Property & Casualty subindustry, Intact 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.

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

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

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

Intact Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Intact 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	+	5741)	/	16190
	=	0.35

Intact 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
	=	(474	+	5302)	/	17780
	=	0.32

Intact Financial (TSX:IFC) 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.

Intact Financial Debt-to-Equity Related Terms

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

Intact Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Intact Financial Corp (TSX:IFC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

INTAF.PFD:USA IFCZF:USA I5U:Germany I5U:Germany IFC.PR.I.PFD:Canada IFC.PR.G.PFD:Canada IFC.PR.F.PFD:Canada IFC.PR.E.PFD:Canada IFC.PR.C.PFD:Canada IFC.PR.A.PFD:Canada

Address

700 University Avenue, Suite 1500, Toronto, ON, CAN, M5G 0A1

Website

https://www.intactfc.com

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space. Intact directly manages its investments through subsidiary Intact Investment Management. The vast majority of these invested assets are fixed-income securities. Its asset mix is designed to generate interest and dividend income.

Executives

Timothy Michael Miller	Senior Officer
Charles Brindamour	Senior Officer
Marie-lucie Paradis	Senior Officer
Louis Gagnon	Senior Officer
Louis Marcotte	Senior Officer
Frédéric Cotnoir	Senior Officer
Stephani Kingsmill	Director
Werner Muehlemann	Senior Officer
Michael Katchen	Director
Benoit Morissette	Senior Officer
Lucie Martel	Senior Officer
Anne Fortin	Senior Officer
Frederick Glenn Ian Singer	Director
Mark Alan Tullis	Senior Officer
Martin Beaulieu	Senior Officer

Intact Financial Headlines

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