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CNA Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $550 Mil. CNA Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,481 Mil. CNA Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9,893 Mil. CNA Financial's debt to equity for the quarter that ended in Dec. 2023 was 0.31.
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 CNA Financial's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of CNA Financial was 0.33. The lowest was 0.20. And the median was 0.22.
The historical data trend for CNA Financial'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.
CNA Financial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.22 | 0.22 | 0.22 | 0.33 | 0.31 |
CNA Financial Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.33 | 0.32 | 0.36 | 0.38 | 0.31 |
For the Insurance - Property & Casualty subindustry, CNA Financial'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.
For the Insurance industry and Financial Services sector, CNA Financial's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where CNA Financial's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
CNA Financial'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 | |
= | (550 | + | 2481) | / | 9893 | |
= | 0.31 |
CNA Financial'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 | |
= | (550 | + | 2481) | / | 9893 | |
= | 0.31 |
* 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.
CNA Financial (NYSE:CNA) 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.
Thank you for viewing the detailed overview of CNA Financial's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Douglas Worman | officer: EVP & Chief Underwriting Off | 151 N. FRANKLIN, CHICAGO IL 60606 |
Susan Ann Stone | officer: EVP & General Counsel | 151 N. FRANKLIN ST., CHICAGO IL 60606 |
Loews Corp | 10 percent owner | 9 WEST 57TH STREET, NEW YORK NY 10019-2714 |
Jane Elizabeth Possell | officer: EVP & CIO | 151 N. FRANKLIN ST., CHICAGO IL 60606 |
Mark Steven James | officer: EVP, Chief Risk & Rein Off | 151 N. FRANKLIN STREET, CHICAGO IL 60606 |
Daniel Paul Franzetti | officer: EVP, Claims | 151 N. FRANKLIN ST., CHICAGO IL 60606 |
Michael A Bless | director | C/O ROCKWELL INTERNATIONAL INC, 777 E. WISCONSIN AVE #1400, MILWAUKEE WI 53202 |
Scott R Lindquist | officer: EVP & CFO | 151 N. FRANKLIN STREET, CHICAGO IL 60606 |
Amy Marie Smith | officer: SVP & CAO | 151 N. FRANKLIN STREET, CHICAGO IL 60606 |
Elizabeth Ann Aguinaga | officer: EVP, Chief HR Officer | 151 N. FRANKLIN, CHICAGO IL 60606 |
Gary Haase | officer: EVP & COO | 151 N. FRANKLIN ST., CHICAGO IL 60606 |
Dino Robusto | director, officer: Chairman & CEO | 151 N. FRANKLIN, CHICAGO IL 60606 |
Jalil Rehman | officer: Pres. & CEO for UK and Europe | 20 FENCHURCH STREET, LONDON X0 EC3M 3BY |
Nick Creatura | officer: President & CEO for Canada | 66 WELLINGTON STREET WEST, SUITE 3700, TORONTO A6 M5K 1J5 |
Robert Joseph Hopper | officer: EVP, Actuary | 151 N. FRANKLIN ST., CHICAGO IL 60606 |
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