Sanlam (JSE:SLM) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Sanlam Debt-to-Equity?

Sanlam's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R1,020 Mil. Sanlam's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R8,881 Mil. Sanlam's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R88,530 Mil. Sanlam's debt to equity for the quarter that ended in Dec. 2023 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 Sanlam's Debt-to-Equity or its related term are showing as below:

JSE:SLM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.09 Max: 0.16
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of Sanlam was 0.16. The lowest was 0.07. And the median was 0.09.

JSE:SLM's Debt-to-Equity is ranked better than
67.53% of 388 companies
in the Insurance industry
Industry Median: 0.235 vs JSE:SLM: 0.11

Sanlam Debt-to-Equity Historical Data

The historical data trend for Sanlam'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.

Sanlam Debt-to-Equity Chart

Sanlam Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.16

0.08

0.11

Sanlam Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.16	0.16	0.08	0.12	0.11

Competitive Comparison of Sanlam's Debt-to-Equity

For the Insurance - Life subindustry, Sanlam'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.

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

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

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

Sanlam Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sanlam'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
	=	(1020	+	8881)	/	88530
	=	0.11

Sanlam'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
	=	(1020	+	8881)	/	88530
	=	0.11

Sanlam (JSE:SLM) 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.

Sanlam Debt-to-Equity Related Terms

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

Sanlam (JSE:SLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sanlam Ltd (JSE:SLM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SLMAF:USA SLLDY:USA SLA:Namibia LA6A:Germany

Address

2 Strand Road, Bellville, ZAF, 7530

Website

https://www.sanlam.com

Sanlam sells multiple insurance products and provides a variety of investment and wealth management services. Its products and services are organized into five categories: life insurance, general insurance, investment management, credit and structuring, and administration, health, and other. Life and general insurance products include life, disability, medical, vehicle, home, building, and all risk. Investment management services include retail savings, asset management, and wealth management. Credit and structuring services include debt investments in business. The administration, health, and other services include estate planning, trusts, wills, unsecured lending, and health management. The majority of revenue comes from Africa.