CURO Group Holdings (CURO Group Holdings) Debt-to-Equity

: -5.22 (As of Sep. 2023)

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CURO Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $897.7 Mil. CURO Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,178.8 Mil. CURO Group Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-398.0 Mil. CURO Group Holdings's debt to equity for the quarter that ended in Sep. 2023 was -5.22.

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 CURO Group Holdings's Debt-to-Equity or its related term are showing as below:

CUROQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -49.33 Med: 10.9 Max: 99.3
Current: -4.84

During the past 9 years, the highest Debt-to-Equity Ratio of CURO Group Holdings was 99.30. The lowest was -49.33. And the median was 10.90.

CUROQ's Debt-to-Equity is not ranked
in the Credit Services industry.
Industry Median: 1.18 vs CUROQ: -4.84

CURO Group Holdings Debt-to-Equity Historical Data

The historical data trend for CURO Group Holdings'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.

CURO Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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18.13

7.14

12.90

-49.33

-4.84

CURO Group Holdings 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	Get a 7-Day Free Trial															-49.33	-11.72	-10.54	-5.22	-4.84

Competitive Comparison

For the Credit Services subindustry, CURO Group Holdings'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.

CURO Group Holdings Debt-to-Equity Distribution

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

* The bar in red indicates where CURO Group Holdings's Debt-to-Equity falls into.

CURO Group Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CURO Group Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(1609.427	+	1060.734)	/	-54.134
	=	-49.33

CURO Group Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(897.72	+	1178.793)	/	-398.021
	=	-5.22

CURO Group Holdings (OTCPK:CUROQ) 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.

CURO Group Holdings Debt-to-Equity Related Terms

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

CURO Group Holdings (CURO Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » CURO Group Holdings Corp (OTCPK:CUROQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CGE:Germany

Address

200 W Hubbard Street, 8th Floor, Chicago, IL, USA, 60654

Website

https://www.curo.com

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.

Executives

Chadwick Heath Faulkner	director, 10 percent owner	30459 MORNING VIEW DRIVE, MALIBU CA 90265
Douglas D Clark	officer: Pres., N. Amer. Direct Lending	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Ismail Dawood	officer: Chief Financial Officer	3527 NORTH RIDGE ROAD, WICHITA KS 67205
Robert Hurzeler	director	C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Gary L. Fulk	officer: COO, Direct Lending	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Issac Vaughn	director	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Michael Mcknight	director, 10 percent owner	THE WATERFRONT, CHESNEY HOUSE, 96 PITTS BAY ROAD, PEMBROKE D0 HM 08
Tamara L Schulz	officer: Chief Accounting Officer	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Daniel David Kirsche	officer: Chief Technology Officer	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Peter E Kalen	officer: CEO, Flexiti	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Jillian R Slagter	officer: Chief Human Resources Officer	3615 NORTH RIDGE ROAD, WICHITA KS 67205
Ffl Partners, Llc	director, 10 percent owner	ONE MARITIME PLAZA, SUITE 2200, SAN FRANCISCO CA 94111-3512
Friedman Fleischer & Lowe Gp Ii, Llc	director, 10 percent owner	C/O FFL PARTNERS, LLC, ONE MARITIME PLAZA, SUITE 2200, SAN FRANCISCO CA 94111
Donald Gayhardt	director, officer: See Remarks	DOLLAR FINANCIAL CORP., 1436 LANCASTER AVE., BERWYN PA 19312
William C Baker	officer: See Remarks