Definity Financial (TSX:DFY) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Definity Financial Debt-to-Equity?

Definity Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$114 Mil. Definity Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$36 Mil. Definity Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$2,848 Mil. Definity Financial's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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 Definity Financial's Debt-to-Equity or its related term are showing as below:

TSX:DFY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.05
Current: 0.05

During the past 4 years, the highest Debt-to-Equity Ratio of Definity Financial was 0.05. The lowest was 0.01. And the median was 0.02.

TSX:DFY's Debt-to-Equity is ranked better than
78.8% of 382 companies
in the Insurance industry
Industry Median: 0.24 vs TSX:DFY: 0.05

Definity Financial Debt-to-Equity Historical Data

The historical data trend for Definity Financial'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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Definity Financial Debt-to-Equity Chart

Definity Financial Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.01

0.03

0.05

Definity Financial Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.03	0.03	0.06	0.06	0.05

Competitive Comparison of Definity Financial's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, Definity Financial'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.

Definity Financial's Debt-to-Equity Distribution in the Insurance Industry

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

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

Definity Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Definity Financial'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
	=	(114.3	+	35.6)	/	2847.7
	=	0.05

Definity Financial'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
	=	(114.3	+	35.6)	/	2847.7
	=	0.05

Definity Financial (TSX:DFY) 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.

Definity Financial Debt-to-Equity Related Terms

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

Definity Financial (TSX:DFY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Definity Financial Corp (TSX:DFY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DFYFF:USA

Address

111 Westmount Road South, Waterloo, ON, CAN, N2L 2L6

Website

https://www.definityfinancial.com

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers. Its commercial insurance products include fleet, individually-rated commercial auto, property, liability, and specialty insurance products.

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