Sagicor Financial Co (TSX:SFC) Debt-to-Equity : 1.04 (As of Sep. 2024)

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What is Sagicor Financial Co Debt-to-Equity?

Sagicor Financial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$88 Mil. Sagicor Financial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$1,251 Mil. Sagicor Financial Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$1,290 Mil. Sagicor Financial Co's debt to equity for the quarter that ended in Sep. 2024 was 1.04.

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

TSX:SFC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.45 Med: 0.79 Max: 1.59
Current: 1.04

During the past 7 years, the highest Debt-to-Equity Ratio of Sagicor Financial Co was 1.59. The lowest was 0.45. And the median was 0.79.

TSX:SFC's Debt-to-Equity is ranked worse than
91.28% of 390 companies
in the Insurance industry
Industry Median: 0.2 vs TSX:SFC: 1.04

Sagicor Financial Co Debt-to-Equity Historical Data

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

Sagicor Financial Co Annual Data

Trend

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.78

1.09

1.55

1.02

Sagicor Financial Co 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															1.55	1.02	1.02	1.08	1.04

Competitive Comparison of Sagicor Financial Co's Debt-to-Equity

For the Insurance - Life subindustry, Sagicor Financial Co'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.

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

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

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

Sagicor Financial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sagicor Financial Co'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
	=	(40.02	+	1282.537)	/	1302.605
	=	1.02

Sagicor Financial Co'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
	=	(88.019	+	1251.09)	/	1290.011
	=	1.04

Sagicor Financial Co (TSX:SFC) 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.

Sagicor Financial Co Debt-to-Equity Related Terms

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Sagicor Financial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sagicor Financial Co Ltd (TSX:SFC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SGCFF:USA

Address

Cecil F De Caires Building, Wildey, Saint Michael, BRB, BB15096

Website

https://www.sagicor.com

Sagicor Financial Co Ltd is a financial services provider in the Caribbean. The firm offers various products and services, including life, health, and general insurance, annuities, pension administration, banking, and investment management. Sagicor operates through the following segments; Sagicor Jamaica, Sagicor Life USA, Sagicor Canada, and Sagicor Life. Geographically, the firm operates in Jamaica, the United States, Canada, Barbados, Trinidad and Tobago, and other countries in the Caribbean. The company derives a majority of its revenue from Canada.

Executives

Andre Guy Mousseau	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Alan Kenneth Ryder	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Gilbert Samuel Palter	Director, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Sagicor Financial Co Headlines

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