Vericity (Vericity) Debt-to-Equity : 0.45 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Vericity Debt-to-Equity?

Vericity's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.2 Mil. Vericity's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $39.8 Mil. Vericity's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $110.2 Mil. Vericity's debt to equity for the quarter that ended in Dec. 2023 was 0.44.

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

VERY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.15 Max: 0.45
Current: 0.45

During the past 7 years, the highest Debt-to-Equity Ratio of Vericity was 0.45. The lowest was 0.08. And the median was 0.15.

VERY's Debt-to-Equity is ranked worse than
69.9% of 382 companies
in the Insurance industry
Industry Median: 0.24 vs VERY: 0.45

Vericity Debt-to-Equity Historical Data

The historical data trend for Vericity'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.

Vericity Debt-to-Equity Chart

Vericity Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.10

0.16

0.15

0.33

0.45

Vericity 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															0.33	0.34	0.37	0.47	0.45

Competitive Comparison of Vericity's Debt-to-Equity

For the Insurance - Life subindustry, Vericity'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.

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

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

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

Vericity Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vericity'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
	=	(9.249	+	39.761)	/	110.213
	=	0.44

Vericity'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
	=	(9.249	+	39.761)	/	110.213
	=	0.44

Vericity (NAS:VERY) 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.

Vericity Debt-to-Equity Related Terms

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

Vericity (Vericity) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Vericity Inc (NAS:VERY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2TE:Germany

Address

1350 E Touhy Avenue, Suite 205W, Des Plaines, IL, USA, 60018

Website

https://www.vericity.com

Vericity Inc, along with its subsidiaries, offers life insurance products to the middle American market. It operates through three segments namely Agency, Insurance, and Corporate. The Agency segment includes the insurance distribution operations of the company and includes commission revenue from the sale of Fidelity Life products. The Insurance segment, which is the key revenue generating segment, is composed of three broad lines consisting of Direct Life, Closed Block, and Assumed Life and Annuities.

Executives

Calvin Dong	director	C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
J. Christopher Flowers	10 percent owner	717 FIFTH AVENUE, 26TH FLOOR, NEW YORK NY 10022
Scott R Perry	director	11825 N. PENNSYLVANIA STREET, CARMEL IN 46032
Eric C Rahe	director	C/O AAMES FINANCIAL CORP, 350 S GRAND AVE 43RD FL, LOS ANGELES CA 90071
Apex Holdco Gp Llc	10 percent owner	C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
Jcf Associates Iv L.p.	10 percent owner	C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
Apex Holdco L.p.	10 percent owner	C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
Laura R Zimmerman	officer: See Remarks	8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
Neil Ashe	director	C/O ACUITY BRANDS, INC., 1170 PEACHTREE STREET, NE, STE 2300, ATLANTA GA 30309
Jcf Associates Iv Ltd.	10 percent owner	C/O J.C. FLOWERS & CO. LLC, 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153
James W Schacht	director	8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
Members Mutual Holding Co	10 percent owner	8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
Christopher Campbell	officer: Executive Vice President	8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
John E Buchanan	officer: See Remarks	8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631
Chris S Kim	officer: See Remarks	8700 W. BRYN MAWR AVENUE, SUITE 900S, CHICAGO IL 60631