Brown & Brown (FRA:BTW) Debt-to-Equity : 0.70 (As of Mar. 2024)

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What is Brown & Brown Debt-to-Equity?

Brown & Brown's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €805 Mil. Brown & Brown's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €2,932 Mil. Brown & Brown's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €5,316 Mil. Brown & Brown's debt to equity for the quarter that ended in Mar. 2024 was 0.70.

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 Brown & Brown's Debt-to-Equity or its related term are showing as below:

FRA:BTW' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.53 Max: 1.03
Current: 0.7

During the past 13 years, the highest Debt-to-Equity Ratio of Brown & Brown was 1.03. The lowest was 0.29. And the median was 0.53.

FRA:BTW's Debt-to-Equity is ranked worse than
82.72% of 382 companies
in the Insurance industry
Industry Median: 0.25 vs FRA:BTW: 0.70

Brown & Brown Debt-to-Equity Historical Data

The historical data trend for Brown & Brown'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.

Brown & Brown Debt-to-Equity Chart

Brown & Brown Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.53

0.62

0.54

0.91

0.72

Brown & Brown Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.85	0.79	0.75	0.72	0.70

Competitive Comparison of Brown & Brown's Debt-to-Equity

For the Insurance Brokers subindustry, Brown & Brown'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.

Brown & Brown's Debt-to-Equity Distribution in the Insurance Industry

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

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

Brown & Brown Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Brown & Brown'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
	=	(563.13	+	3122.843)	/	5115.76
	=	0.72

Brown & Brown's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(805	+	2932.04)	/	5315.76
	=	0.70

Brown & Brown (FRA:BTW) 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.

Brown & Brown Debt-to-Equity Related Terms

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

Brown & Brown (FRA:BTW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Brown & Brown Inc (FRA:BTW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BRO:USA BRO:Mexico BTW:Germany

Address

300 North Beach Stree, Daytona Beach, FL, USA, 32114

Website

https://www.bbinsurance.com

Brown & Brown Inc is an insurance agent and broker that offers insurance products and services, primarily in the areas of property, casualty, and employee benefits, by connecting customers with insurance companies. It earns its revenue via commissions from insurance companies and direct fees from customers, and it generally has no underwriting risk exposure. More than half of its revenue is from its retail segment, which provides a broad range of insurance products and services to entities and individuals. Roughly a fourth of revenue is from its national programs segment, which provides, among other things, professional liability coverage for professionals. The company operates primarily in the United States, with its highest exposure in Florida.

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