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Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. NI Holdings's Total Liabilities for the quarter that ended in Jun. 2026 was $281.3 Mil. NI Holdings's Total Assets for the quarter that ended in Jun. 2026 was $530.7 Mil.
Therefore, NI Holdings's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2026 was 0.53.
NI Holdings (NAS:NODK) Liabilities-to-Assets Explanation
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
NI Holdings Liabilities-to-Assets Related Terms
NI Holdings Liabilities-to-Assets Historical Data
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The historical data trend for NI Holdings's Liabilities-to-Assets 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.
NODK vs KINS, GBLI, ACIC: Liabilities-to-Assets Comparison
For the Insurance - Property & Casualty subindustry, NI Holdings's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.
NI Holdings Liabilities-to-Assets vs Insurance Industry
For the Insurance industry and Financial Services sector, NI Holdings's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where NI Holdings's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
NI Holdings's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2025 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.
NI Holdings (NODK) has a Liabilities-to-Assets of 0.53 as of Jun. 2026. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on NI Holdings and its competitors.
Is NI Holdings' Liabilities-to-Assets too high?
NI Holdings' current Liabilities-to-Assets is 0.53. Overall, NI Holdings has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NI Holdings' Liabilities-to-Assets compare to KINS and GBLI?
NI Holdings' Liabilities-to-Assets of 0.53 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for an Insurance company?
A good Liabilities-to-Assets depends on the Insurance industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on NI Holdings and its competitors. NI Holdings's current Liabilities-to-Assets is 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NI Holdings stock overvalued right now?
Based on GuruFocus' analysis, NI Holdings (NODK) is currently considered Fairly Valued. The stock's GF Value™ is $14.26, compared to a current price of $15.19 — trading 6.5% above its estimated fair value. The current Liabilities-to-Assets is 0.53. NI Holdings' overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For NI Holdings (NODK), the current Liabilities-to-Assets is 0.53 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NI Holdings (NODK) Overvalued in 2026?
Based on GuruFocus' analysis, NI Holdings stock appears to be overvalued.
The current stock price of $15.19 is trading 6.5% above its estimated GF Value™ of $14.26.
GuruFocus considers NI Holdings to be Fairly Valued.
Key valuation signals for NODK:
Liabilities-to-Assets: 0.53
GF Value™: $14.26 vs. price of $15.19 (6.5% above fair value)
No single metric tells the full story. See the NODK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NI Holdings Inc is a stockholding company. Through its subsidiaries, the company operates in the insurance industry, offering homeowners and farmowners insurance policies, crop insurance policies, home insurance policies, etc. These insurance products are distributed through a network of exclusive and independent agents across the United States. The group's reportable segments are: Private Passenger Auto, Non-Standard Auto, Home and Farm, Crop, and All Other (which mainly consists of commercial, assumed reinsurance, and its excess liability business). Maximum revenue is generated from the Home and Farm segment.
67GF Score
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