American National Group (American National Group) Debt-to-Equity : 0.29 (As of Dec. 2023)

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What is American National Group Debt-to-Equity?

American National Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. American National Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $864.55 Mil. American National Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,023.26 Mil. American National Group's debt to equity for the quarter that ended in Dec. 2023 was 0.29.

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

AELpA.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.3 Max: 0.37
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of American National Group was 0.37. The lowest was 0.09. And the median was 0.30.

AELpA.PFD's Debt-to-Equity is ranked worse than
54.95% of 384 companies
in the Insurance industry
Industry Median: 0.24 vs AELpA.PFD: 0.29

American National Group Debt-to-Equity Historical Data

The historical data trend for American National 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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American National Group Debt-to-Equity Chart

American National Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.14

0.09

0.37

0.29

American National 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															0.37	0.33	0.34	0.42	0.29

Competitive Comparison of American National Group's Debt-to-Equity

For the Insurance - Life subindustry, American National 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.

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

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

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

American National Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

American National 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	+	864.55)	/	3023.26
	=	0.29

American National 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	+	864.55)	/	3023.26
	=	0.29

American National Group (NYSE:AELpA.PFD) 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.

American National Group Debt-to-Equity Related Terms

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American National Group (American National Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » American National Group Inc (NYSE:AELpA.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AELpB.PFD:USA AEL:USA AM5:Germany

Address

6000 Westown Parkway, West Des Moines, IA, USA, 50266

Website

https://www.american-equity.com

American Equity Investment Life Holding Co is a financial services company. Its core business is selling fixed-index and fixed-rate annuity products through its subsidiaries, American Equity Investment Life Insurance Company of New York and Eagle Life Insurance Company. The company is licensed to sell its products in 50 states and the District of Columbia. Its targeted clients are individuals aged 45-75 who are interested in accumulating tax-deferred savings or creating guaranteed lifetime income.