United Fire Group (United Fire Group) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is United Fire Group Debt-to-Equity?

United Fire Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. United Fire Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $50 Mil. United Fire Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $734 Mil. United Fire Group's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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

UFCS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.06 Max: 0.07
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of United Fire Group was 0.07. The lowest was 0.06. And the median was 0.06.

UFCS's Debt-to-Equity is ranked better than
74.8% of 381 companies
in the Insurance industry
Industry Median: 0.24 vs UFCS: 0.07

United Fire Group Debt-to-Equity Historical Data

The historical data trend for United Fire 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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United Fire Group Debt-to-Equity Chart

United Fire Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.06

0.07

United Fire Group 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															0.07	0.07	0.07	0.08	0.07

Competitive Comparison of United Fire Group's Debt-to-Equity

For the Insurance - Property & Casualty subindustry, United Fire 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.

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

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

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

United Fire Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

United Fire Group'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	+	50)	/	733.745
	=	0.07

United Fire Group'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
	=	(0	+	50)	/	733.745
	=	0.07

United Fire Group (NAS:UFCS) 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.

United Fire Group Debt-to-Equity Related Terms

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

United Fire Group (United Fire Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » United Fire Group Inc (NAS:UFCS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Second Avenue SE, Cedar Rapids, IA, USA, 52401

Website

https://www.ufginsurance.com

United Fire Group Inc is engaged in the business of writing property and casualty insurance and selling annuities through a network of independent agencies. The company's only operating segment is property and casualty insurance, which includes commercial lines insurance, personal lines insurance, and assumed reinsurance. The primary source of revenue is premiums and investment income.

Executives

Robert Francis Cataldo	officer: VP & Strategy Officer	118 SECOND AVENUE SE, CEDAR RAPIDS IA 52401
Micah G Woolstenhulme	officer: VP	118 2ND AVE SE, CEDAR RAPIDS IA 52401
George D Milligan	director	118 2ND AVE SE, CEDAR RAPIDS IA 52401
Christopher R Drahozal	director	2001 RIVIERA COURT, LAWRENCE KS 66047-1999
Julie A Stephenson	officer: Executive VP & COO	118 2ND AVE SE, CEDAR RAPIDS IA 52401
Eric J Martin	officer: Chief Financial Officer	118 SECOND AVE SE, CEDAR RAPIDS IA 52407
Mark A. Green	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Kevin James Leidwinger	director, officer: Director, CEO	151 N. FRANKLIN, CHICAGO IL 60606
Sarah E Madsen	officer: Chief Legal Officer	118 SECOND AVE SE, CEDAR RAPIDS IA 52401
Jeremy Bahl	officer: VP & Chief UW Officer	118 SECOND AVE SE, CEDAR RAPIDS IA 52401
Kyle D. Skogman	director	411 FIRST AVENUE SE, CEDAR RAPIDS IA 52401
Lura E Mcbride	director	118 2ND AVE SE, CEDAR RAPIDS IA 52401
Mary K. Quass	director	2875 MT. VERNON RD SE, CEDAR RAPIDS IA 52403
James Noyce	director	5400 UNIVERSITY AVENUE, WEST DES MOINES IA 50266
Matthew R Foran	director	118 2ND AVE SE, CEDAR RAPIDS IA 52401