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Consumer Portfolio Services Inc (NAS:CPSS)
Debt to Equity
12.87 (As of Mar. 2014)

Consumer Portfolio Services Inc's current portion of long-term debt for the quarter that ended in Mar. 2014 was $41.5 Mil. Consumer Portfolio Services Inc's long-term debt for the quarter that ended in Mar. 2014 was $1,290.1 Mil. Consumer Portfolio Services Inc's total equity for the quarter that ended in Mar. 2014 was $103.4 Mil. Consumer Portfolio Services Inc's debt to equity for the quarter that ended in Mar. 2014 was 12.87.

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.


Definition

Debt to Equity measures the financial leverage a company has.

Consumer Portfolio Services Inc's Debt to Equity Ratio for the fiscal year that ended in Dec. 2013 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(9.452 + 1235.26) / 94.602
=13.16

Consumer Portfolio Services Inc's Debt to Equity Ratio for the quarter that ended in Mar. 2014 is calculated as

Debt to Equity=Total Debt / Total Equity
=(Current Portion of Long-Term Debt + Long-Term Debt) / Total Equity
=(41.527 + 1290.123) / 103.434
=12.87

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

In the calculation of Debt to Equity, we use the total of Current Portion of Long-Term Debt and Long-Term Debt divided by Total Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its Return on Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return on Equity companies.


Related Terms

Current Portion of Long-Term Debt, Long-Term Debt, Total Equity, Return on Equity


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Consumer Portfolio Services Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
deb2equity 9.6614.4314.2218.0416.2526.92296.55-48.4014.4813.16

Consumer Portfolio Services Inc Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
deb2equity -48.40-57.32-73.25-111.5414.4814.2114.0213.9813.1612.87
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