CIC Insurance Group (NAI:CIC) Debt-to-Equity : 0.57 (As of Dec. 2022)

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What is CIC Insurance Group Debt-to-Equity?

CIC Insurance Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was KES0 Mil. CIC Insurance Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was KES4,835 Mil. CIC Insurance Group's Total Stockholders Equity for the quarter that ended in Dec. 2022 was KES8,552 Mil. CIC Insurance Group's debt to equity for the quarter that ended in Dec. 2022 was 0.57.

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

NAI:CIC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 0.66 Max: 0.7
Current: 0.57

During the past 12 years, the highest Debt-to-Equity Ratio of CIC Insurance Group was 0.70. The lowest was 0.50. And the median was 0.66.

NAI:CIC's Debt-to-Equity is ranked worse than
77.58% of 388 companies
in the Insurance industry
Industry Median: 0.235 vs NAI:CIC: 0.57

CIC Insurance Group Debt-to-Equity Historical Data

The historical data trend for CIC Insurance 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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CIC Insurance Group Debt-to-Equity Chart

CIC Insurance Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.67

0.50

0.54

0.57

CIC Insurance Group Semi-Annual Data
	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Debt-to-Equity	Get a 7-Day Free Trial							0.67	0.50	0.54	0.57	0.57

Competitive Comparison of CIC Insurance Group's Debt-to-Equity

For the Insurance - Diversified subindustry, CIC Insurance 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.

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

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

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

CIC Insurance Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CIC Insurance Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	4834.783)	/	8551.855
	=	0.57

CIC Insurance Group's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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	+	4834.783)	/	8551.855
	=	0.57

CIC Insurance Group (NAI:CIC) 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.

CIC Insurance Group Debt-to-Equity Related Terms

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

CIC Insurance Group (NAI:CIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » CIC Insurance Group Ltd (NAI:CIC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mara Road, Upper Hill, P.O. Box 59485, CIC Plaza, Nairobi, KEN, 00200

Website

https://cic.co.ke

CIC Insurance Group Ltd is an insurance company. The Group's reportable segments are long-term business, general insurance business, asset management and other. Its product portfolio consists of General insurance, Life assurance, Health insurance, and Asset management services. It takes the risk for retail, Cooperative societies, and corporate entities.

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