ICC Holdings (ICC Holdings) Debt-to-Equity : 0.22 (As of Mar. 2024)

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What is ICC Holdings Debt-to-Equity?

ICC Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. ICC Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $15.00 Mil. ICC Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $68.69 Mil. ICC Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.22.

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

ICCH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.13 Max: 0.27
Current: 0.22

During the past 10 years, the highest Debt-to-Equity Ratio of ICC Holdings was 0.27. The lowest was 0.05. And the median was 0.13.

ICCH's Debt-to-Equity is ranked better than
52.47% of 385 companies
in the Insurance industry
Industry Median: 0.25 vs ICCH: 0.22

ICC Holdings Debt-to-Equity Historical Data

The historical data trend for ICC Holdings'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.

ICC Holdings Debt-to-Equity Chart

ICC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.05

0.19

0.25

0.22

ICC Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.24	0.24	0.25	0.22	0.22

Competitive Comparison of ICC Holdings's Debt-to-Equity

For the Insurance - Specialty subindustry, ICC Holdings'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.

ICC Holdings's Debt-to-Equity Distribution in the Insurance Industry

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

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

ICC Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ICC Holdings'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	+	15)	/	67.004
	=	0.22

ICC Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 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	+	15)	/	68.685
	=	0.22

ICC Holdings (NAS:ICCH) 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.

ICC Holdings Debt-to-Equity Related Terms

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

ICC Holdings (ICC Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ICC Holdings Inc (NAS:ICCH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

225 20th Street, Rock Island, IL, USA, 61201

Website

https://ir.iccholdingsinc.com

ICC Holdings Inc is a specialty insurance carrier primarily underwriting commercial multi-peril, liquor liability, worker's compensation, and umbrella liability coverages for the food and beverage industry. The company markets its products through a network of independent agents in Colorado, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Pennsylvania, Ohio, and Wisconsin.

Executives

Arron K. Sutherland	officer: President and CEO	225 20TH STREET, ROCK ISLAND IL 61201
Michael R. Smith	officer: Chief Financial Officer	225 20TH STREET, ROCK ISLAND IL 61201
Rock Island Investors, Llc	10 percent owner	1230 PEACHTREE STREET NE, SUITE 3500, ATLANTA GA 30309
John R. Klockau	director, Board of Directors	225 20TH STREET, ROCK ISLAND IL 61201
Norman D. Schmeichel	officer: VP Chief Information Officer	225 20TH STREET, ROCK ISLAND IL 61201
Employee Stock Ownership Trust Icc Holdings, Inc.	10 percent owner	225 20TH STREET, ROCK ISLAND IL 61201
Julia B. Suiter	officer: Chief Legal Officer	225 20TH STREET, ROCK ISLAND IL 61201
Howard J. Beck	officer: Chief Underwriting Officer	225 20TH STREET, ROCK ISLAND IL 61201
Rickey Plunkett	officer: Director of Claims	225 20TH STREET, ROCK ISLAND IL 61201
Richard Kevin Clinton	director	225 20TH STREET, ROCK ISLAND IL 61201
Marilyn J. Clinton	10 percent owner	225 20TH STREET, ROCK ISLAND IL 61201
Joel K Heriford	director, Board of Directors	702 E. OSBORN RD., SUITE 200, PHOENIX AZ 85014
James R. Dingman	director, Board of Directors	225 20TH STREET, ROCK ISLAND IL 61201
Gerald J. Pepping	director, Board of Directors	225 20TH STREET, ROCK ISLAND IL 61201
Mark J. Schwab	director, Board of Directors	225 20TH STREET, ROCK ISLAND IL 61201