Walaa Cooperative Insurance Co (SAU:8060) Debt-to-Equity : 0.02 (As of Mar. 2024)

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What is Walaa Cooperative Insurance Co Debt-to-Equity?

Walaa Cooperative Insurance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼0 Mil. Walaa Cooperative Insurance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼20 Mil. Walaa Cooperative Insurance Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼1,308 Mil. Walaa Cooperative Insurance Co's debt to equity for the quarter that ended in Mar. 2024 was 0.02.

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 Walaa Cooperative Insurance Co's Debt-to-Equity or its related term are showing as below:

SAU:8060' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.02
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Walaa Cooperative Insurance Co was 0.02. The lowest was 0.00. And the median was 0.01.

SAU:8060's Debt-to-Equity is ranked better than
91.75% of 388 companies
in the Insurance industry
Industry Median: 0.235 vs SAU:8060: 0.02

Walaa Cooperative Insurance Co Debt-to-Equity Historical Data

The historical data trend for Walaa Cooperative 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.

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Walaa Cooperative Insurance Co Debt-to-Equity Chart

Walaa Cooperative Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

Walaa Cooperative Insurance Co 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															-	-	-	-	0.02

Competitive Comparison of Walaa Cooperative Insurance Co's Debt-to-Equity

For the Insurance - Diversified subindustry, Walaa Cooperative 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.

Walaa Cooperative Insurance Co's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Walaa Cooperative Insurance Co's Debt-to-Equity falls into.

Walaa Cooperative Insurance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Walaa Cooperative Insurance Co'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
	=	(0	+	2.754)	/	1268.455
	=	0.00

Walaa Cooperative Insurance Co'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	+	19.952)	/	1308.319
	=	0.02

Walaa Cooperative Insurance Co (SAU:8060) 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.

Walaa Cooperative Insurance Co Debt-to-Equity Related Terms

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Walaa Cooperative Insurance Co (SAU:8060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Walaa Cooperative Insurance Co (SAU:8060) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4513, Adh Dhahran Al Khubar Al Janubiyah, Unit No: 8, Al-Khobar, SAU, 34621-8615

Website

https://www.walaa.com

Walaa Cooperative Insurance Co is a general insurance company. It is engaged in providing insurance coverage in the areas of medical, motor, marine, fire, engineering, aviation and casualty. Geographically, it operates in the Kingdom of Saudi Arabia. The company carries its business through the product segments of Medical, Motor, Property, Engineering, Protection and savings and Others. Majority of revenue is generated from Medical insurance segment. Medical insurance provides coverage for health insurance.

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