Al Fujairah National Insurance Co PSC (ADX:AFNIC) Debt-to-Equity : 0.04 (As of Dec. 2022)

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What is Al Fujairah National Insurance Co PSC Debt-to-Equity?

Al Fujairah National Insurance Co PSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was د.إ0.0 Mil. Al Fujairah National Insurance Co PSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was د.إ11.9 Mil. Al Fujairah National Insurance Co PSC's Total Stockholders Equity for the quarter that ended in Dec. 2022 was د.إ294.7 Mil. Al Fujairah National Insurance Co PSC's debt to equity for the quarter that ended in Dec. 2022 was 0.04.

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 Al Fujairah National Insurance Co PSC's Debt-to-Equity or its related term are showing as below:

ADX:AFNIC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.19
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Al Fujairah National Insurance Co PSC was 0.19. The lowest was 0.01. And the median was 0.07.

ADX:AFNIC's Debt-to-Equity is not ranked
in the Insurance industry.
Industry Median: 0.24 vs ADX:AFNIC: 0.04

Al Fujairah National Insurance Co PSC Debt-to-Equity Historical Data

The historical data trend for Al Fujairah National Insurance Co PSC'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.

Al Fujairah National Insurance Co PSC Debt-to-Equity Chart

Al Fujairah National Insurance Co PSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.07

0.06

0.07

0.04

Al Fujairah National Insurance Co PSC Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Debt-to-Equity	Get a 7-Day Free Trial												-	0.07	0.06	0.07	0.04

Competitive Comparison of Al Fujairah National Insurance Co PSC's Debt-to-Equity

For the Insurance - Diversified subindustry, Al Fujairah National Insurance Co PSC'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.

Al Fujairah National Insurance Co PSC's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Al Fujairah National Insurance Co PSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Al Fujairah National Insurance Co PSC's Debt-to-Equity falls into.

Al Fujairah National Insurance Co PSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Al Fujairah National Insurance Co PSC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	11.872)	/	294.73
	=	0.04

Al Fujairah National Insurance Co PSC's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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	+	11.872)	/	294.73
	=	0.04

Al Fujairah National Insurance Co PSC (ADX:AFNIC) 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.

Al Fujairah National Insurance Co PSC Debt-to-Equity Related Terms

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

Al Fujairah National Insurance Co PSC (ADX:AFNIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Fujairah National Insurance Co PSC (ADX:AFNIC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamad Bin Abdullah Street, 8th Floor, Insurance Building, PO Box 277, Fujairah, ARE

Website

https://www.afnic.ae

Al Fujairah National Insurance Co PSC is an insurance service provider. The company is engaged in the writing of all classes of general insurance and short-term life insurance. It provides services in Abu Dhabi, Dubai, Sharjah, Dibba, and Fujairah and also through Insurance ATMs. The company writes all classes of Property and Casualty insurances, including individual insurance that covers automobile insurance, medical insurance, home insurance, life insurance, and world wide personal accident insurance; and corporate insurance that covers aviation insurance, group life insurance, group medical insurance, energy insurance, engineering and projects, liability insurance, marine insurance, property insurance and miscellaneous insurance. Its segments are underwriting and investments.

Al Fujairah National Insurance Co PSC (ADX:AFNIC) Headlines

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