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Canadian Life Split (TSX:LFE) Debt-to-Equity : 0.00 (As of Nov. 2022)


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What is Canadian Life Split Debt-to-Equity?

Canadian Life Split's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2022 was C$0.00 Mil. Canadian Life Split's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2022 was C$0.00 Mil. Canadian Life Split's Total Stockholders Equity for the quarter that ended in Nov. 2022 was C$42.07 Mil. Canadian Life Split's debt to equity for the quarter that ended in Nov. 2022 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 Canadian Life Split's Debt-to-Equity or its related term are showing as below:

TSX:LFE's Debt-to-Equity is not ranked *
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Canadian Life Split Debt-to-Equity Historical Data

The historical data trend for Canadian Life Split'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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Canadian Life Split Debt-to-Equity Chart

Canadian Life Split Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Debt-to-Equity
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Canadian Life Split Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 Nov23
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Competitive Comparison of Canadian Life Split's Debt-to-Equity

For the Asset Management subindustry, Canadian Life Split'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.


Canadian Life Split's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Canadian Life Split's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Canadian Life Split's Debt-to-Equity falls into.



Canadian Life Split Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Canadian Life Split's Debt to Equity Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Canadian Life Split's Debt to Equity Ratio for the quarter that ended in Nov. 2022 is calculated as

* 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.


Canadian Life Split  (TSX:LFE) 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.


Canadian Life Split Debt-to-Equity Related Terms

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


Canadian Life Split (TSX:LFE) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
Canadian Life Companies Split Corp is an investment management firm. The company invests in an actively managed portfolio of common shares comprised of four core large-capitalization Canadian life insurance companies. The firm's objective is to provide holders of Preferred shares with a cumulative preferential floating rate monthly dividend.

Canadian Life Split (TSX:LFE) Headlines

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