Mercury General Debt 2024

Mercury General Aktienanalyse

What does Mercury General do?

The Mercury General Corp is an American insurer founded in 1961. The company's headquarters is located in Los Angeles, California. The company offers car insurance for private customers as well as commercial insurance for businesses. Mercury General Corp serves over one million customers and is present in 11 states. The history of Mercury General Corp began in the 1960s when George Joseph founded the company. Initially, the company only offered car insurance, but quickly expanded its offerings to include other areas such as homeowners and personal property insurance. An important element of Mercury General Corp's business model is its focus on the "Direct to Consumer" distribution model. This means that the company sells its products directly to the customer and does not use intermediaries. This allows the company to keep costs low and offer competitive prices. Mercury General Corp's insurance offerings are divided into various categories. The main products are car insurance, with different coverage options such as liability, comprehensive, and collision offered. Additionally, the company offers personal property insurance to cover the contents of residential buildings. Commercial insurance is also offered, tailored to the needs of small and medium-sized businesses. Another important division of Mercury General Corp is its specialized car insurance, which is focused on specific niche markets. One example is insurance for vintage vehicles, which requires special requirements. The company also offers insurance for young drivers, with higher premiums demanded due to the higher risk. Over the years, Mercury General Corp has received several awards that underline the company's commitment to excellent customer service and high-quality insurance products. For example, the company was named the best car insurer in California by the J.D. Power & Associates Customer Satisfaction Index in 2012. Overall, Mercury General Corp has established itself as a reliable insurer that offers a wide range of products at competitive prices. With its focus on direct sales, the company is well positioned to continue its success in the future. Mercury General ist eines der beliebtesten Unternehmen auf Eulerpool.com.

Debt Details

Understanding Mercury General's Debt Structure

Mercury General's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.

Year-to-Year Comparison

Analyzing Mercury General's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.

Impact on Investments

Investors pay close attention to Mercury General’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.

Interpreting Debt Fluctuations

Shifts in Mercury General’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.

Frequently Asked Questions about Mercury General Stock

What is the debt of Mercury General this year?

Mercury General has a debt level of 25.67 USD this year.

What was the debt of Mercury General compared to the previous year?

The debt of Mercury General has increased by -77.1% compared to the previous year dropped.

What are the consequences of high debt for investors in Mercury General?

High debt can pose a risk for investors of Mercury General, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.

What are the consequences of low debt for investors of Mercury General?

Low debt means that Mercury General has a strong financial position and is able to fulfill its obligations without overburdening its finances.

How does an increase in debt from Mercury General affect the company?

An increase in debt of Mercury General can adversely affect the financial condition of the company and result in a higher burden on its finances.

How does a reduction of debt of Mercury General affect the company?

A reduction in debt of Mercury General can strengthen the company's financial position and improve its ability to meet its financial obligations.

What are some factors that influence the debt of Mercury General?

Some factors that can influence the debt of Mercury General include investments, acquisitions, operating costs, and revenue development.

Why are the debts of Mercury General so important for investors?

The debts of Mercury General are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.

What strategic measures can Mercury General take to change the debt?

To change the debt, Mercury General can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.

How much dividend does Mercury General pay?

Over the past 12 months, Mercury General paid a dividend of 1.27 USD . This corresponds to a dividend yield of about 2.44 %. For the coming 12 months, Mercury General is expected to pay a dividend of 1.05 USD.

What is the dividend yield of Mercury General?

The current dividend yield of Mercury General is 2.44 %.

When does Mercury General pay dividends?

Mercury General pays a quarterly dividend. This is distributed in the months of October, January, April, July.

How secure is the dividend of Mercury General?

Mercury General paid dividends every year for the past 40 years.

What is the dividend of Mercury General?

For the upcoming 12 months, dividends amounting to 1.05 USD are expected. This corresponds to a dividend yield of 2.03 %.

In which sector is Mercury General located?

Mercury General is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Mercury General kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Mercury General from 6/27/2024 amounting to 0.318 USD, you needed to have the stock in your portfolio before the ex-date on 6/13/2024.

When did Mercury General pay the last dividend?

The last dividend was paid out on 6/27/2024.

What was the dividend of Mercury General in the year 2023?

In the year 2023, Mercury General distributed 1.905 USD as dividends.

In which currency does Mercury General pay out the dividend?

The dividends of Mercury General are distributed in USD.