Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Globe Life's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $4,487 Mil. Globe Life's Total Assets for the quarter that ended in Dec. 2023 was $28,051 Mil.
Therefore, Globe Life's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.16.
The historical rank and industry rank for Globe Life's Equity-to-Asset or its related term are showing as below:
GL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.23 Max: 0.3
Current: 0.16
During the past 13 years, the highest Equity to Asset Ratio of Globe Life was 0.30. The lowest was 0.15. And the median was 0.23.
GL's Equity-to-Asset is ranked worse than 63.41% of 492
companies
in the Insurance industry
Industry Median: 0.24
vs GL: 0.16
Globe Life Equity-to-Asset Historical Data
The historical data trend for Globe Life's Equity-to-Asset 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.
Competitive Comparison of Globe Life's Equity-to-Asset
For the Insurance - Life subindustry, Globe Life's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Globe Life's Equity-to-Asset Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Globe Life's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Globe Life's Equity-to-Asset falls into.
Globe Life Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Globe Life's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 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.
Globe Life (NYSE:GL) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Globe Life Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Globe Life's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.
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