Linea Directa Aseguradora (XMAD:LDA) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Linea Directa Aseguradora Debt-to-Equity?

Linea Directa Aseguradora's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.0 Mil. Linea Directa Aseguradora's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2.8 Mil. Linea Directa Aseguradora's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €313.0 Mil. Linea Directa Aseguradora's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Linea Directa Aseguradora's Debt-to-Equity or its related term are showing as below:

XMAD:LDA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.01
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Linea Directa Aseguradora was 0.01. The lowest was 0.01. And the median was 0.01.

XMAD:LDA's Debt-to-Equity is ranked better than
99.74% of 382 companies
in the Insurance industry
Industry Median: 0.245 vs XMAD:LDA: 0.01

Linea Directa Aseguradora Debt-to-Equity Historical Data

The historical data trend for Linea Directa Aseguradora'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.

Linea Directa Aseguradora Debt-to-Equity Chart

Linea Directa Aseguradora Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

Linea Directa Aseguradora Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.01	0.01	0.01	-	0.01

Competitive Comparison of Linea Directa Aseguradora's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Linea Directa Aseguradora'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.

Linea Directa Aseguradora's Debt-to-Equity Distribution in the Insurance Industry

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

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

Linea Directa Aseguradora Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Linea Directa Aseguradora'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
	=	(0	+	2.818)	/	313.035
	=	0.01

Linea Directa Aseguradora'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
	=	(0	+	2.818)	/	313.035
	=	0.01

Linea Directa Aseguradora (XMAD:LDA) 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.

Linea Directa Aseguradora Debt-to-Equity Related Terms

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

Linea Directa Aseguradora (XMAD:LDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Linea Directa Aseguradora SA (XMAD:LDA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LNDAF:USA LDAe:UK 8I2:Germany

Address

Calle de Isaac Newton 7, Tres Cantos, Madrid, ESP, 28760

Website

https://www.lineadirectaaseguradora.com

Linea Directa Aseguradora SA is engaged in insurance and reinsurance activities in the motor, home, and other non-life segments. The company has five operating segments; The motor segment includes private motor insurance and motorbike insurance, The home segment includes multi-risk home insurance products with theft damage, civil liability, fire damage, aesthetic damage, etc, The health segment includes health insurance products under the Vivaz brand, The other insurance segment includes various products with stand-alone policies that are not linked to motor, home or health insurance, such as travel insurance for holders of credit cards and wellness insurance, and The other activities segment mainly relates to auxiliary insurance businesses and commissions.

Linea Directa Aseguradora (XMAD:LDA) Headlines

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