Ayalon Insurance Co (XTAE:AYAL) Debt-to-Equity : 1.04 (As of Dec. 2023)

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What is Ayalon Insurance Co Debt-to-Equity?

Ayalon Insurance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪7 Mil. Ayalon Insurance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪724 Mil. Ayalon Insurance Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪703 Mil. Ayalon Insurance Co's debt to equity for the quarter that ended in Dec. 2023 was 1.04.

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

XTAE:AYAL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.79 Med: 0.95 Max: 1.17
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of Ayalon Insurance Co was 1.17. The lowest was 0.79. And the median was 0.95.

XTAE:AYAL's Debt-to-Equity is ranked worse than
89.46% of 389 companies
in the Insurance industry
Industry Median: 0.24 vs XTAE:AYAL: 1.04

Ayalon Insurance Co Debt-to-Equity Historical Data

The historical data trend for Ayalon Insurance Co'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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Ayalon Insurance Co Debt-to-Equity Chart

Ayalon Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.89

0.93

1.17

1.15

1.04

Ayalon Insurance Co 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															1.15	1.13	1.09	1.07	1.04

Competitive Comparison of Ayalon Insurance Co's Debt-to-Equity

For the Insurance - Diversified subindustry, Ayalon Insurance Co'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.

Ayalon Insurance Co's Debt-to-Equity Distribution in the Insurance Industry

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

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

Ayalon Insurance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ayalon Insurance Co'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
	=	(6.505	+	724.234)	/	703.491
	=	1.04

Ayalon Insurance Co'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
	=	(6.505	+	724.234)	/	703.491
	=	1.04

Ayalon Insurance Co (XTAE:AYAL) 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.

Ayalon Insurance Co Debt-to-Equity Related Terms

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

Ayalon Insurance Co (XTAE:AYAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ayalon Insurance Co (XTAE:AYAL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Abba Hillel Silver Street, Ramat Gan, ISR, 52008

Website

https://www.ayalon-ins.co.il

Ayalon Insurance Co is a holding company and act as a management and consulting services provider. It provides life and general insurance products and services. The company offers insurance policies including car insurance, car possession insurance, property cover, life insurance that covers sickness, disability and death. It also provides mortgage insurance.

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