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Gulf Insurance Group (SAU:8250) Debt-to-Equity : 0.03 (As of Mar. 2024)


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What is Gulf Insurance Group Debt-to-Equity?

Gulf Insurance Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼0 Mil. Gulf Insurance Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼30 Mil. Gulf Insurance Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼1,030 Mil. Gulf Insurance Group's debt to equity for the quarter that ended in Mar. 2024 was 0.03.

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 Gulf Insurance Group's Debt-to-Equity or its related term are showing as below:

SAU:8250' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02   Med: 0.02   Max: 0.04
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Gulf Insurance Group was 0.04. The lowest was 0.02. And the median was 0.02.

SAU:8250's Debt-to-Equity is ranked better than
84.58% of 389 companies
in the Insurance industry
Industry Median: 0.24 vs SAU:8250: 0.03

Gulf Insurance Group Debt-to-Equity Historical Data

The historical data trend for Gulf Insurance Group'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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Gulf Insurance Group Debt-to-Equity Chart

Gulf Insurance Group 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 0.03 0.03 0.02 0.02 0.03

Gulf Insurance Group 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 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 0.02 0.02 0.03 0.03 0.03

Competitive Comparison of Gulf Insurance Group's Debt-to-Equity

For the Insurance - Diversified subindustry, Gulf Insurance Group'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.


Gulf Insurance Group's Debt-to-Equity Distribution in the Insurance Industry

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

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



Gulf Insurance Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gulf Insurance Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Gulf Insurance Group's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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.


Gulf Insurance Group  (SAU:8250) 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.


Gulf Insurance Group Debt-to-Equity Related Terms

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


Gulf Insurance Group (SAU:8250) Business Description

Traded in Other Exchanges
N/A
Address
King Abdullah Road, P.O. Box 753, Al Nuzha District, Riyadh, SAU, 11421
Gulf Insurance Group operates in the insurance industry. The company's line of business includes health, motor, marine, property, engineering, accident, liability, and protection insurance. It has various segments which include Motor, Property and Casualty, Health, and Protection. The majority of the revenue is generated from its Motor insurance segment which is intended to compensate the policyholder for damage to the vehicle or liability to third parties due to an accident.

Gulf Insurance Group (SAU:8250) Headlines

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