ICICI Prudential Life Insurance Company Limited (BOM:540133) Debt-to-Equity : 0.11 (As of Mar. 2024)

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What is ICICI Prudential Life Insurance Company Limited Debt-to-Equity?

ICICI Prudential Life Insurance Company Limited's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. ICICI Prudential Life Insurance Company Limited's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹12,000 Mil. ICICI Prudential Life Insurance Company Limited's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹110,046 Mil. ICICI Prudential Life Insurance Company Limited's debt to equity for the quarter that ended in Mar. 2024 was 0.11.

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 ICICI Prudential Life Insurance Company Limited's Debt-to-Equity or its related term are showing as below:

BOM:540133' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.13 Max: 0.13
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of ICICI Prudential Life Insurance Company Limited was 0.13. The lowest was 0.11. And the median was 0.13.

BOM:540133's Debt-to-Equity is ranked better than
67.71% of 384 companies
in the Insurance industry
Industry Median: 0.24 vs BOM:540133: 0.11

ICICI Prudential Life Insurance Company Limited Debt-to-Equity Historical Data

The historical data trend for ICICI Prudential Life Insurance Company Limited'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.

ICICI Prudential Life Insurance Company Limited Debt-to-Equity Chart

ICICI Prudential Life Insurance Company Limited Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.13

0.12

0.11

ICICI Prudential Life Insurance Company Limited Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.11	0.11	0.11	0.11

Competitive Comparison of ICICI Prudential Life Insurance Company Limited's Debt-to-Equity

For the Insurance - Life subindustry, ICICI Prudential Life Insurance Company Limited'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.

ICICI Prudential Life Insurance Company Limited's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ICICI Prudential Life Insurance Company Limited's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ICICI Prudential Life Insurance Company Limited's Debt-to-Equity falls into.

ICICI Prudential Life Insurance Company Limited Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ICICI Prudential Life Insurance Company Limited's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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	+	12000)	/	110046
	=	0.11

ICICI Prudential Life Insurance Company Limited's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	12000)	/	110046
	=	0.11

ICICI Prudential Life Insurance Company Limited (BOM:540133) 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.

ICICI Prudential Life Insurance Company Limited Debt-to-Equity Related Terms

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ICICI Prudential Life Insurance Company Limited (BOM:540133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ICICI Prudential Life Insurance Company Limited (BOM:540133) » Definitions » Debt-to-Equity

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ICICIPRULI:India

Address

1089 Appasaheb Marathe Marg, ICICI Pru Life Towers, 1st and 2nd Floor, Cnergy IT Park, Prabhadevi, Mumbai, MH, IND, 400025

Website

https://www.iciciprulife.com

ICICI Prudential Life Insurance Company Limited offers products across savings, investments, and protection categories that match the different life stage requirements of customers and enable them to achieve their long-term financial goals. The company has developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance, and a hassle-free claim settlement experience to customers. Its segments are Par Life, Par Pension, Non Par Life, Non Par Pension, Non Par Variable, Non Par Variable Pension, Annuity Non Par, Health, Linked Life, Linked Pension, Linked Health, Linked Group Life, Linked Group Pension, and Group Pension Share holders.

ICICI Prudential Life Insurance Company Limited (BOM:540133) Headlines

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