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Conifer Holdings (Conifer Holdings) Debt-to-Equity : 8.68 (As of Dec. 2023)


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What is Conifer Holdings Debt-to-Equity?

Conifer Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Conifer Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $25.06 Mil. Conifer Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.89 Mil. Conifer Holdings's debt to equity for the quarter that ended in Dec. 2023 was 8.67.

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

CNFR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17   Med: 0.81   Max: 8.68
Current: 8.68

During the past 12 years, the highest Debt-to-Equity Ratio of Conifer Holdings was 8.68. The lowest was 0.17. And the median was 0.81.

CNFR's Debt-to-Equity is ranked worse than
99.74% of 385 companies
in the Insurance industry
Industry Median: 0.23 vs CNFR: 8.68

Conifer Holdings Debt-to-Equity Historical Data

The historical data trend for Conifer Holdings'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.

Conifer Holdings Debt-to-Equity Chart

Conifer Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.92 0.83 1.79 8.68

Conifer Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.79 1.52 2.02 2.14 8.68

Competitive Comparison of Conifer Holdings's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Conifer Holdings'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.


Conifer Holdings's Debt-to-Equity Distribution in the Insurance Industry

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

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



Conifer Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Conifer Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Conifer Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.


Conifer Holdings  (NAS:CNFR) 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.


Conifer Holdings Debt-to-Equity Related Terms

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


Conifer Holdings (Conifer Holdings) Business Description

Traded in Other Exchanges
N/A
Address
550 West Merrill Street, Suite 200, Birmingham, MI, USA, 48009
Conifer Holdings Inc is an insurance company engaged in the sale of property and casualty insurance products. It is engaged in three classes of insurance businesses; commercial lines, personal lines, and wholesale agency business. Within these three businesses, the company offers various insurance products and insurance agency services. The company views the commercial and personal lines segments as underwriting business. The wholesale agency business provides non-risk bearing revenue through commissions and policy fees. Its revenues are derived from premiums earned from insurance operations.
Executives
James G Petcoff director, 10 percent owner, officer: Chairman and CEO 350 N NINTH STREET, SUITE 202, BOISE ID 83702
Gerald W Hakala director 550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
Brian J Roney officer: President 28819 FRANKLIN ROAD, SOUTHFIELD MI 48034
Nicholas J Petcoff director, officer: EVP, Secretary 550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
Joseph D Sarafa director 11123 BUGAI, TRAVERSE CITY MI 49684
Clarkston Ventures, Llc 10 percent owner 91 WEST LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Jeffrey Anthony Hakala director 91 WEST LONG LAKE ROAD, BLOOMFIELD HILLS MI 48304
Williams R Jamison Jr director 28819 FRANKLIN ROAD, SOUTHFIELD MI 48034
Isolde O'hanlon director 550 W MERRILL, SUITE 200, BIRMINGHAM MI 48009
Timothy Lamothe director 26 WAKEMAN ROAD, SOUTH SALEM NY 10590
Andrew Petcoff officer: SVP, Marketing 550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
John William Melstrom director 355 S. OLD WOODWARD AVENUE, SUITE 200, BIRMINGHAM MI 48009
Mark Mccammon director 550 W. MERRILL STREET, SUITE 200, BIRMINGHAM MI 48009
Harold J Meloche officer: CFO, Treasurer 28819 FRANKLIN ROAD, SOUTHFIELD MI 48034
Jorge J Morales director 28819 FRANKLIN ROAD, SOUTHFIELD MI 48034