SelectQuote (SelectQuote) Debt-to-Equity : 2.15 (As of Dec. 2023)

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What is SelectQuote Debt-to-Equity?

SelectQuote's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $48 Mil. SelectQuote's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $676 Mil. SelectQuote's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $337 Mil. SelectQuote's debt to equity for the quarter that ended in Dec. 2023 was 2.15.

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

SLQT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 1.52 Max: 10.95
Current: 2.15

During the past 6 years, the highest Debt-to-Equity Ratio of SelectQuote was 10.95. The lowest was 0.10. And the median was 1.52.

SLQT's Debt-to-Equity is ranked worse than
96.08% of 383 companies
in the Insurance industry
Industry Median: 0.23 vs SLQT: 2.15

SelectQuote Debt-to-Equity Historical Data

The historical data trend for SelectQuote'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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SelectQuote Debt-to-Equity Chart

SelectQuote Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.10

0.57

0.76

1.91

2.11

SelectQuote 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															1.91	1.86	2.11	2.29	2.15

Competitive Comparison of SelectQuote's Debt-to-Equity

For the Insurance Brokers subindustry, SelectQuote'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.

SelectQuote's Debt-to-Equity Distribution in the Insurance Industry

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

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

SelectQuote Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SelectQuote's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(39.888	+	692.615)	/	346.97
	=	2.11

SelectQuote'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
	=	(47.899	+	676.017)	/	336.517
	=	2.15

SelectQuote (NYSE:SLQT) 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.

SelectQuote Debt-to-Equity Related Terms

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

SelectQuote (SelectQuote) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SelectQuote Inc (NYSE:SLQT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6SJA:Germany

Address

6800 West 115th Street, Suite 2511, Overland Park, KS, USA, 66211

Website

http://www.selectquote.com

SelectQuote Inc is a Direct-to-consumer (DTC) distribution platform which facilitates consumers to shop for health, life and auto & home insurance policies online. The company generates its revenues by selling insurance products on behalf of the insurance carrier partners in the form of commission. It functions through three lines namely, SelectQuote Senior, SelectQuote Life, and SelectQuote Auto & Home.

Executives

Joshua Brandon Matthews	officer: President, SelectQuote Senior	6800 WEST 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Grant W Thomas Ii	director	PO BOX 419248, KANSAS CITY MO 64141-6248
Grant William Thomas Iii	officer: CHIEF OPERATING OFFICER	6800 W 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Robert Clay Grant	officer: PRESIDENT, SELECTQUOTE SENIOR	6800 W 115TH STREET, SUITE 2511, PARK KS 66211
Sarah Taylor Anderson	officer: (See Remarks)	6800 WEST 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Timothy Robert Danker	director, officer: CHIEF EXECUTIVE OFFICER	6800 W 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Hawks Donald L Iii	director	6800 W 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Raymond F Weldon	director	6800 W 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Matthew Scott Gunter	officer: See Remarks	6800 W 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Stephanie D. Fisher	officer: Chief Accounting Officer	10990 ROE AVENUE, OVERLAND PARK KS 66211
Ryan Moore Clement	officer: See Remarks	6800 WEST 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Kristin Gibbar	officer: Chief Human Resources Officer	6800 W. 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211
Devanny Earl H Iii	director	CERNER CORP, 2800 ROCKCREEK PARKWAY, KANSAS CITY MO 64117-1593
Denise L Devine	director	C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Raffaele Sadun	officer: CHIEF FINANCIAL OFFICER	6800 W 115TH STREET, SUITE 2511, OVERLAND PARK KS 66211