AFLNEUTRAL

AFL Debt-to-Equity Ratio Analysis

0.35x

Higher than 32% of Financial Services sector peers

Updated 2866h ago·SEC filings & market data

Key Takeaway

Aflac’s Debt-to-Equity Ratio of 0.35x means that for every dollar of shareholder equity, the company carries 35 cents of debt, measuring financial leverage.

Sector Performance

32th percentile

AFL

0.35x

Sector Median

0.46x

Sector Avg

0.94x

Prior Period

0.29x(Apr 2026)

↓ Declining

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Deep Analysis

Aflac’s Debt-to-Equity Ratio of 0.35x means that for every dollar of shareholder equity, the company carries 35 cents of debt, measuring financial leverage.

This sits below the Financial Services sector median of 0.43x, placing the firm at the 41st percentile among peers—indicating a lower debt load than most competitors. The metric is stable, with the same 0.35x value for the past eight quarters, no year-over-year change (+0.0%), and no quarter-over-quarter change (+0.0%). The combination of a below-median debt level and a flat trend implies a consistent, low-leverage profile that reduces financial risk but also suggests the company is not actively using debt to pursue growth opportunities. Because the ratio is both low and stable, it does not contradict the overall CAUTIOUS verdict—rather, it supports caution by showing no recent improvement or deterioration, leaving other risk factors to drive the full view.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about AFL?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

How does AFL's Debt-to-Equity Ratio compare to its sector?

AFL's Debt-to-Equity Ratio of 0.35x compares to a Financial Services sector median of 0.46x, placing it in the 32th percentile.

Who are AFL's closest peers by Debt-to-Equity Ratio?

The closest Financial Services peers by Debt-to-Equity Ratio include: HSBC (0.52x), AIZ (0.38x), AMP (0.53x), RJF (0.35x), SOFI (0.30x).

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Learn More About Debt-to-Equity Ratio

How to Spot a Debt Problem Before It Hits the Stock Price

Learn how to spot a debt problem in stocks using D/E, interest coverage, and net debt/EBITDA ratios. Real examples from META and MSFT, plus danger thresholds you need to know.

Debt/Equity Ratio: How Much Debt Is Too Much?

The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.

The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.