Abu Dhabi National Takaful Co PSC (ADX:TKFL) Debt-to-Equity : 0.00 (As of Dec. 2023)

View and export this data going back to 2005. Start your Free Trial

What is Abu Dhabi National Takaful Co PSC Debt-to-Equity?

Abu Dhabi National Takaful Co PSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ0.0 Mil. Abu Dhabi National Takaful Co PSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ0.0 Mil. Abu Dhabi National Takaful Co PSC's Total Stockholders Equity for the quarter that ended in Dec. 2023 was د.إ449.5 Mil. Abu Dhabi National Takaful Co PSC's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Abu Dhabi National Takaful Co PSC's Debt-to-Equity or its related term are showing as below:

ADX:TKFL's Debt-to-Equity is not ranked ^*
in the Insurance industry.
Industry Median: 0.24
* Ranked among companies with meaningful Debt-to-Equity only.

Abu Dhabi National Takaful Co PSC Debt-to-Equity Historical Data

The historical data trend for Abu Dhabi National Takaful 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.

Abu Dhabi National Takaful Co PSC Debt-to-Equity Chart

Abu Dhabi National Takaful Co PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

Abu Dhabi National Takaful Co PSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Abu Dhabi National Takaful Co PSC's Debt-to-Equity

For the Insurance - Diversified subindustry, Abu Dhabi National Takaful 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.

Abu Dhabi National Takaful Co PSC's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Abu Dhabi National Takaful Co PSC's Debt-to-Equity falls into.

Abu Dhabi National Takaful Co PSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Abu Dhabi National Takaful Co PSC'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	+	0)	/	449.452
	=	0.00

Abu Dhabi National Takaful Co PSC'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	+	0)	/	449.452
	=	0.00

Abu Dhabi National Takaful Co PSC (ADX:TKFL) 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.

Abu Dhabi National Takaful Co PSC Debt-to-Equity Related Terms

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

Abu Dhabi National Takaful Co PSC (ADX:TKFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abu Dhabi National Takaful Co PSC (ADX:TKFL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tamouh Tower, 25th Floor, P.O. Box 35335, Marina Square, Al Reem Island, Abu Dhabi, ARE

Website

http://www.takaful.ae

Abu Dhabi National Takaful Co PSC is engaged in providing Takaful insurance solutions for the regional market. The company is licensed by the Ministry of Economy & Commerce as the first Takaful operator in the emirates of Abu Dhabi and is among the Islamic insurance companies operating in the United Arab Emirates. The company's core business activities and investments are conducted in accordance with the Islamic Shari'a. The company has a comprehensive range of products and services, which have been developed under the guidance of the Fatwa & Shari'a Supervisory Board to meet the varying needs of clients in the field of Islamic finance.

Abu Dhabi National Takaful Co PSC (ADX:TKFL) Headlines

No Headlines