BRP Group (BRP Group) Debt-to-Equity : 2.91 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is BRP Group Debt-to-Equity?

BRP Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $244 Mil. BRP Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,388 Mil. BRP Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $560 Mil. BRP Group's debt to equity for the quarter that ended in Dec. 2023 was 2.91.

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 BRP Group's Debt-to-Equity or its related term are showing as below:

BRP' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.15 Med: 1.06 Max: 2.91
Current: 2.91

During the past 7 years, the highest Debt-to-Equity Ratio of BRP Group was 2.91. The lowest was -1.15. And the median was 1.06.

BRP's Debt-to-Equity is ranked worse than
97.91% of 382 companies
in the Insurance industry
Industry Median: 0.25 vs BRP: 2.91

BRP Group Debt-to-Equity Historical Data

The historical data trend for BRP Group'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.

* Premium members only.

BRP Group Debt-to-Equity Chart

BRP Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.59

1.06

1.71

2.42

2.91

BRP Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															2.42	2.51	2.51	2.54	2.91

Competitive Comparison of BRP Group's Debt-to-Equity

For the Insurance Brokers subindustry, BRP Group'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.

BRP Group's Debt-to-Equity Distribution in the Insurance Industry

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

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

BRP Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BRP Group'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
	=	(243.629	+	1388.182)	/	560.412
	=	2.91

BRP Group's Debt to Equity Ratio for the quarter 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
	=	(243.629	+	1388.182)	/	560.412
	=	2.91

BRP Group (NAS:BRP) 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.

BRP Group Debt-to-Equity Related Terms

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

BRP Group (BRP Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » BRP Group Inc (NAS:BRP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4211 W. Boy Scout Boulevard, Suite 200, Tampa, FL, USA, 33607

Website

https://www.baldwinriskpartners.com

BRP Group Inc is a United States-based insurance distribution firm. Its products include commercial property and casualty, or P&C, insurance, employee benefits insurance and personal lines insurance. The company operates its business through four segments including Middle Market, Specialty, Mainstreet, and Medicare. It generates maximum revenue from the Middle Market segment.

Executives

Bradford Hale	officer: Chief Accounting Officer	4010 W BOY SCOUT BLVD, SUITE 200, TAMPA FL 33607
John A. Valentine	officer: Chief Partnership Officer	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Laura Sherman	10 percent owner, other: Member of 10% owner group	4010 W BOY SCOUT BLVD, SUITE 200, TAMPA FL 33607
Lowry Baldwin	director, officer: Chairman	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Daniel Galbraith	officer: Chief Operating Officer	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Trevor Baldwin	director, officer: Chief Executive Officer	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Kristopher Aaron Wiebeck	officer: Chief Financial Officer	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Seth Bala Cohen	officer: General Counsel	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607
Sathish Muthukrishnan	director	601 S. TRYON STREET, CHARLOTTE NC 28202
Baldwin Insurance Group Holdings, Llc	10 percent owner, other: Member of 10% owner group	4010 W. BOY SCOUT BLVD. SUITE 200, TAMPA FL 33607
Ellyn Shook	director	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Myron K Williams	director	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607
Sunita Parasuraman	director	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607
Jay A Cohen	director	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607
Galloway Corbyn N.	officer: Chief Accounting Officer	C/O BRP GROUP, INC., 4211 W. BOY SCOUT BLVD., SUITE 800, TAMPA FL 33607