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Star Health and Allied Insurance Co (BOM:543412) Debt-to-Equity : 0.07 (As of Mar. 2024)


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What is Star Health and Allied Insurance Co Debt-to-Equity?

Star Health and Allied Insurance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹0 Mil. Star Health and Allied Insurance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₹4,700 Mil. Star Health and Allied Insurance Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ₹67,318 Mil. Star Health and Allied Insurance Co's debt to equity for the quarter that ended in Mar. 2024 was 0.07.

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 Star Health and Allied Insurance Co's Debt-to-Equity or its related term are showing as below:

BOM:543412' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06   Med: 0.09   Max: 0.18
Current: 0.07

During the past 6 years, the highest Debt-to-Equity Ratio of Star Health and Allied Insurance Co was 0.18. The lowest was 0.06. And the median was 0.09.

BOM:543412's Debt-to-Equity is ranked better than
75.52% of 388 companies
in the Insurance industry
Industry Median: 0.235 vs BOM:543412: 0.07

Star Health and Allied Insurance Co Debt-to-Equity Historical Data

The historical data trend for Star Health and Allied Insurance Co'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.

Star Health and Allied Insurance Co Debt-to-Equity Chart

Star Health and Allied Insurance Co Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Debt-to-Equity
Get a 7-Day Free Trial 0.15 0.06 0.11 0.07 0.07

Star Health and Allied Insurance Co Quarterly Data
Mar19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 0.07 N/A N/A 0.07

Competitive Comparison of Star Health and Allied Insurance Co's Debt-to-Equity

For the Insurance - Diversified subindustry, Star Health and Allied Insurance Co'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.


Star Health and Allied Insurance Co's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Star Health and Allied Insurance Co's Debt-to-Equity falls into.



Star Health and Allied Insurance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Star Health and Allied Insurance Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Star Health and Allied Insurance Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Star Health and Allied Insurance Co  (BOM:543412) 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.


Star Health and Allied Insurance Co Debt-to-Equity Related Terms

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


Star Health and Allied Insurance Co (BOM:543412) Business Description

Traded in Other Exchanges
Address
No. 1, New Tank Street, Valluvarkottam High Road, Nungambakkam, Chennai, TN, IND, 600 034
Star Health and Allied Insurance Co Ltd is a health insurer in India. It focuses on the retail health and group health segments. The company distributes policies through individual agents and also includes corporate agent banks and other corporate agents. It covers three plans Health insurance, Travel insurance and Accidental care insurance.

Star Health and Allied Insurance Co (BOM:543412) Headlines

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