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Harel Insurance Investments & Financial Services (XTAE:HARL) Debt-to-Equity : 1.23 (As of Dec. 2023)


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What is Harel Insurance Investments & Financial Services Debt-to-Equity?

Harel Insurance Investments & Financial Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪446 Mil. Harel Insurance Investments & Financial Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪10,508 Mil. Harel Insurance Investments & Financial Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪8,893 Mil. Harel Insurance Investments & Financial Services's debt to equity for the quarter that ended in Dec. 2023 was 1.23.

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 Harel Insurance Investments & Financial Services's Debt-to-Equity or its related term are showing as below:

XTAE:HARL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68   Med: 0.92   Max: 3.34
Current: 1.23

During the past 13 years, the highest Debt-to-Equity Ratio of Harel Insurance Investments & Financial Services was 3.34. The lowest was 0.68. And the median was 0.92.

XTAE:HARL's Debt-to-Equity is ranked worse than
90.93% of 386 companies
in the Insurance industry
Industry Median: 0.23 vs XTAE:HARL: 1.23

Harel Insurance Investments & Financial Services Debt-to-Equity Historical Data

The historical data trend for Harel Insurance Investments & Financial Services'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.

Harel Insurance Investments & Financial Services Debt-to-Equity Chart

Harel Insurance Investments & Financial Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.96 0.78 0.81 0.87 1.23

Harel Insurance Investments & Financial Services 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.92 1.11 1.09 1.23

Competitive Comparison of Harel Insurance Investments & Financial Services's Debt-to-Equity

For the Insurance - Diversified subindustry, Harel Insurance Investments & Financial Services'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.


Harel Insurance Investments & Financial Services's Debt-to-Equity Distribution in the Insurance Industry

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

* The bar in red indicates where Harel Insurance Investments & Financial Services's Debt-to-Equity falls into.



Harel Insurance Investments & Financial Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Harel Insurance Investments & Financial Services's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Harel Insurance Investments & Financial Services's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Harel Insurance Investments & Financial Services  (XTAE:HARL) 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.


Harel Insurance Investments & Financial Services Debt-to-Equity Related Terms

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Harel Insurance Investments & Financial Services (XTAE:HARL) Business Description

Traded in Other Exchanges
N/A
Address
3 Abba Hillel Street, Ramat Gan, ISR
Harel Insurance Investments & Financial Services Ltd is a diversified insurance company that offers a selection of life insurance policies, health insurance, nursing insurance, travel insurance, car insurance, and rent and property insurance to residential and commercial customers in Israel. The company also generates revenue through investment portfolio management, mutual funds, and exchange-traded funds.

Harel Insurance Investments & Financial Services (XTAE:HARL) Headlines