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World Acceptance Debt-to-Equity

: 1.38 (As of Jun. 2021)
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World Acceptance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $0.0 Mil. World Acceptance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $557.6 Mil. World Acceptance's Total Stockholders Equity for the quarter that ended in Jun. 2021 was $405.5 Mil. World Acceptance's debt to equity for the quarter that ended in Jun. 2021 was 1.38.

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:

NAS:WRLD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34   Med: 1.11   Max: 4.99
Current: 1.38

0.34
4.99

During the past 13 years, the highest Debt-to-Equity Ratio of World Acceptance was 4.99. The lowest was 0.34. And the median was 1.11.

NAS:WRLD's Debt-to-Equity is ranked higher than
65% of the 48 Companies
in the Credit Services industry.

( Industry Median: 2.08 vs. NAS:WRLD: 1.38 )

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 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.64 0.45 0.46 1.34 1.23

World Acceptance Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.15 1.42 1.77 1.23 1.38

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. 2021 is calculated as

World Acceptance's Debt to Equity Ratio for the quarter that ended in Jun. 2021 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.


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 Business Description

World Acceptance logo
Industry
Financial Services » Credit Services NAICS : 522291 SIC : 6141
Traded in Other Exchanges
Address
104 S. Main Street, Greenville, SC, USA, 29601
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
Caulder Alice Lindsay officer: SVP, Human Resources 108 FREDERICK STREET GREENVILLE SC 29607
Mcintyre Scott officer: SVP, Accounting 108 FREDERICK STREET GREENVILLE SC 29607
Childers Jason E. officer: SVP, IT Strategic Solutions 108 FREDERICK STREET GREENVILLE SC 29607
Umstetter Luke J. officer: SVP, General Counsel 108 FREDERICK STREET GREENVILLE SC 29607
Prashad R Chad director, officer: President and CEO 108 FREDERICK STREET GREENVILLE SC 29607
Calmes John L Jr officer: See remarks C/O WORLD ACCEPTANCE CORPORATION 108 FREDERICK STREET GREENVILLE SC 29607
Whitaker Darrell E director 14 BATSON ORCHARD CT. TAYLORS SC 29687
Dyer Daniel Clinton officer: Chief Branch Operation Officer 230 4TH AVENUE NORTH SUITE 500 NASHVILLE TN 37219
Bramlett Ken R Jr director 2709 WATER RIDGE PARKWAY 2ND FLOOR CHARLOTTE NC 28217
Way Charles D director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: WAY CHARLES D a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Tinney Jeff L officer: SVP, Western Division 550 HIGHWAY 377 NORTH STE A WHITESBORO TX 76273
Brown Erik T. officer: SVP Central Division P.O. BOX 548 JACKSON MO 63755
Willyard Jackie C officer: SVP, Southeastern Division 108 FREDERICK STREET GREENVILLE SC 29607
Labruyere Alison N officer: SVP and General Counsel 108 FREDERICK STREET GREENVILLE SC 29607
Wanserski James H officer: Interim President & CEO C/O 22 CANTEY PLACE, NW ATLANTA 2Q 30327

World Acceptance Headlines

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