World Acceptance (World Acceptance) Debt-to-Equity

: 1.64 (As of Dec. 2023)

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World Acceptance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. World Acceptance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $667.5 Mil. World Acceptance's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $407.0 Mil. World Acceptance's debt to equity for the quarter that ended in Dec. 2023 was 1.64.

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 World Acceptance's Debt-to-Equity or its related term are showing as below:

WRLD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.41 Med: 1.42 Max: 2.44
Current: 1.64

During the past 13 years, the highest Debt-to-Equity Ratio of World Acceptance was 2.44. The lowest was 0.41. And the median was 1.42.

WRLD's Debt-to-Equity is ranked worse than
57.77% of 431 companies
in the Credit Services industry
Industry Median: 1.18 vs WRLD: 1.64

World Acceptance Debt-to-Equity Historical Data

The historical data trend for World Acceptance'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.

World Acceptance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.46

1.34

1.23

2.09

1.76

World Acceptance 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																2.25	1.76	1.68	1.57	1.64

Competitive Comparison

For the Credit Services subindustry, World Acceptance'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.

World Acceptance Debt-to-Equity Distribution

For the Credit Services industry and Financial Services sector, World Acceptance's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where World Acceptance's Debt-to-Equity falls into.

World Acceptance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

World Acceptance's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	678.999)	/	385.227
	=	1.76

World Acceptance's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	667.476)	/	407.019
	=	1.64

World Acceptance (NAS:WRLD) 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.

World Acceptance Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of World Acceptance's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

World Acceptance (World Acceptance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » World Acceptance Corp (NAS:WRLD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

104 South Main Street, Greenville, SC, USA, 29601

Website

https://www.loansbyworld.com

World Acceptance Corp operates a small-loan consumer finance business. The company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. It also offers income tax return preparation services to its loan customers and other individuals.

Executives

Calmes John L Jr	officer: VP, CFO and Treasurer	C/O WORLD ACCEPTANCE CORPORATION, 108 FREDERICK STREET, GREENVILLE SC 29607
Jason E. Childers	officer: SVP, IT Strategic Solutions	108 FREDERICK STREET, GREENVILLE SC 29607
Scott Mcintyre	officer: SVP, Accounting	108 FREDERICK STREET, GREENVILLE SC 29607
Clifford Sosin	10 percent owner	8 WRIGHT STREET, 1ST FL, WESTPORT CT 06880
Thomas W Smith	10 percent owner, other: Member of Section 13(d) Group	2200 BUTTS ROAD, SUITE 320, BOCA RATON FL 33431
Luke J. Umstetter	officer: SVP, General Counsel	104 SOUTH MAIN STREET, SUITE 400, GREENVILLE SC 29601
Darrell E Whitaker	director	14 BATSON ORCHARD CT., TAYLORS SC 29687
R Chad Prashad	officer: See remarks	108 FREDERICK STREET, GREENVILLE SC 29607
Alice Lindsay Caulder	officer: SVP, Human Resources	108 FREDERICK STREET, GREENVILLE SC 29607
Daniel Clinton Dyer	officer: SVP, CENTRAL DIVISION	230 4TH AVENUE NORTH SUITE 500, NASHVILLE TN 37219
Charles D Way	director
Elizabeth R. Neuhoff	director	146 SOTA DRIVE, JUPITER FL 33458
Robinson Benjamin E Iii	director	325 CORPORATE DRIVE, PORTSMOUTH NH 03885
Bramlett Ken R Jr	director	2709 WATER RIDGE PARKWAY, 2ND FLOOR, CHARLOTTE NC 28217
Alison N Labruyere	officer: SVP and General Counsel	108 FREDERICK STREET, GREENVILLE SC 29607