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Al-Etihad Cooperative Insurance Co (SAU:8170) Debt-to-Equity : 0.01 (As of Dec. 2023)


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What is Al-Etihad Cooperative Insurance Co Debt-to-Equity?

Al-Etihad Cooperative Insurance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼0 Mil. Al-Etihad Cooperative Insurance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼6 Mil. Al-Etihad Cooperative Insurance Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼672 Mil. Al-Etihad Cooperative Insurance Co's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

SAU:8170' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.01   Max: 0.01
Current: 0.01

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

SAU:8170's Debt-to-Equity is ranked better than
99.74% of 386 companies
in the Insurance industry
Industry Median: 0.23 vs SAU:8170: 0.01

Al-Etihad Cooperative Insurance Co Debt-to-Equity Historical Data

The historical data trend for Al-Etihad 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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Al-Etihad Cooperative Insurance Co Debt-to-Equity Chart

Al-Etihad Cooperative Insurance Co 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 - 0.01 0.01 0.01 0.01

Al-Etihad Cooperative Insurance Co 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 0.01 0.01 0.01 0.01 0.01

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

For the Insurance - Diversified subindustry, Al-Etihad 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.


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

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

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



Al-Etihad Cooperative Insurance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Al-Etihad Cooperative Insurance Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Al-Etihad Cooperative Insurance Co'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.


Al-Etihad Cooperative Insurance Co  (SAU:8170) 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.


Al-Etihad Cooperative Insurance Co Debt-to-Equity Related Terms

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Al-Etihad Cooperative Insurance Co (SAU:8170) Business Description

Traded in Other Exchanges
N/A
Address
8514 King Fahad bin Abdulaziz Road, P. O. Box 1022, Al Abdulkarim Tower, Unit No 15, Al-Qashlah District, Dhahran, SAU, 34232-4233
Al-Etihad Cooperative Insurance Co provides insurance and reinsurance services in Saudi Arabia. It offers services through the segments of Medical insurance, Property insurance, Engineering, Motor insurance, General accident, and others. The company principally operates in Saudi Arabia and derives key revenue from the Motor insurance segment.

Al-Etihad Cooperative Insurance Co (SAU:8170) Headlines

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