Equity to Asset ratio is calculated as total stockholders equity divided by total asset. CURO Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-398.0 Mil. CURO Group Holdings's Total Assets for the quarter that ended in Sep. 2023 was $1,777.0 Mil.
Therefore, CURO Group Holdings's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -0.22.
The historical rank and industry rank for CURO Group Holdings's Equity-to-Asset or its related term are showing as below:
CUROQ'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.24 Med: 0.05 Max: 0.17
Current: -0.24
During the past 9 years, the highest Equity to Asset Ratio of CURO Group Holdings was 0.17. The lowest was -0.24. And the median was 0.05.
CUROQ's Equity-to-Asset is ranked worse than 95.95% of 543
companies
in the Credit Services industry
Industry Median: 0.37
vs CUROQ: -0.24
CURO Group Holdings Equity-to-Asset Historical Data
The historical data trend for CURO Group Holdings's Equity-to-Asset 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.
Competitive Comparison of CURO Group Holdings's Equity-to-Asset
For the Credit Services subindustry, CURO Group Holdings's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
CURO Group Holdings's Equity-to-Asset Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, CURO Group Holdings's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where CURO Group Holdings's Equity-to-Asset falls into.
CURO Group Holdings Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
CURO Group Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 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.
CURO Group Holdings (OTCPK:CUROQ) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
CURO Group Holdings Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of CURO Group Holdings's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
CURO Group Holdings (CURO Group Holdings) Business Description
CURO Group Holdings Corp is a consumer finance company serving a full spectrum of non-prime, near-prime and prime consumers in portions of the U.S. and Canada. It offers a broad range of consumer finance products including unsecured installment loans, secured installment loans, open-end loans, and single-pay loans. The company also provides ancillary financial products including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance in the Canadian market, gold buying, retail installment sales, and money transfer services. The firm operates under three segments: US, Canada Direct Lending, and Canada POS Lending.
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