Ensurance (ASX:ENA) Debt-to-Equity : 0.09 (As of Jun. 2023)

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What is Ensurance Debt-to-Equity?

Ensurance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.93 Mil. Ensurance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was A$0.00 Mil. Ensurance's Total Stockholders Equity for the quarter that ended in Jun. 2023 was A$10.88 Mil. Ensurance's debt to equity for the quarter that ended in Jun. 2023 was 0.09.

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

ASX:ENA' s Debt-to-Equity Range Over the Past 10 Years
Min: -3051 Med: 0.02 Max: 13.37
Current: 0.09

During the past 12 years, the highest Debt-to-Equity Ratio of Ensurance was 13.37. The lowest was -3051.00. And the median was 0.02.

ASX:ENA's Debt-to-Equity is not ranked
in the Insurance industry.
Industry Median: 0.235 vs ASX:ENA: 0.09

Ensurance Debt-to-Equity Historical Data

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

Ensurance Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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-2.12

-4.65

13.37

0.02

0.09

Ensurance Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															13.37	0.22	0.02	-	0.09

Competitive Comparison of Ensurance's Debt-to-Equity

For the Insurance Brokers subindustry, Ensurance'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.

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

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

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

Ensurance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ensurance'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
	=	(0.933	+	0)	/	10.884
	=	0.09

Ensurance's Debt to Equity Ratio for the quarter 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
	=	(0.933	+	0)	/	10.884
	=	0.09

Ensurance (ASX:ENA) 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.

Ensurance Debt-to-Equity Related Terms

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

Ensurance (ASX:ENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ensurance Ltd (ASX:ENA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Grafton Street, Level 21, Westfield Tower 2, Bondi Junction, Sydney, NSW, AUS, 2022

Website

https://www.ensurance.com.au

Ensurance Ltd is a holding company that operates in the insurance industry. The business of the company includes insurance brokerage, underwriting agency, and IT solutions. The products of the company include home and content insurance, owner builder insurance, trades insurance, and specified construction insurance. It operates in two reportable segments being the business in the UK and the head office in Australia. Mainstream revenue consists of commission and administration fees associated with the placement of insurance contracts. Key revenue comes from the underwriting commission whereas geographically from UK operations.

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