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Allstate's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil. Allstate's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $8,083 Mil. Allstate's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $20,877 Mil. Allstate's debt to equity for the quarter that ended in Sep. 2024 was 0.39.
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 Allstate's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Allstate was 0.55. The lowest was 0.23. And the median was 0.28.
The historical data trend for Allstate'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.
Allstate Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.26 | 0.26 | 0.32 | 0.46 | 0.45 |
Allstate Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.55 | 0.45 | 0.43 | 0.44 | 0.39 |
For the Insurance - Property & Casualty subindustry, Allstate'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.
For the Insurance industry and Financial Services sector, Allstate's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Allstate's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Allstate'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 | + | 7942) | / | 17770 | |
= | 0.45 |
Allstate's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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 | + | 8083) | / | 20877 | |
= | 0.39 |
* 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.
Allstate (NYSE:ALL) 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.
Thank you for viewing the detailed overview of Allstate's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
John E Dugenske | other: EVP & CIO, Allstate Ins. Co. | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Thomas J Wilson | officer: President and COO | 2775 SANDERS RD, NORTHBROOK IL 60062 |
Robert Toohey | officer: EVP, Chief HR Officer - AIC | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Elizabeth Brady | other: Executive Vice President - AIC | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Suren Gupta | other: EVP Allstate Insurance Company | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Judith A Sprieser | director | USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606 |
John C Pintozzi | officer: SVP, Controller, and CAO | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Mario Rizzo | officer: EVP & Chief Financial Officer | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Mark Q Prindiville | other: EVP & Chief Risk Officer - AIC | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Zulfikar Jeevanjee | other: EVP & CTO - AIC | 3100 SANDERS ROAD, NORTHBROOK IL 60062 |
Jesse E Merten | officer: EVP & Chief Risk Officer (AIC) | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
Monica J Turner | director | 3100 SANDERS ROAD, NORTHBROOK IL 60062 |
Christine M. Debiase | officer: EVP, CLO, GC & Secretary | 11225 NORTH COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277 |
Terrance Williams | officer: AIC-President Protec Prod&Svcs | 7184 BIDDICK, NEW ALBANY OH 43054 |
Glenn T Shapiro | other: Pres Allstate Personal Lines | 2775 SANDERS ROAD, NORTHBROOK IL 60062 |
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