Accord Financial (TSX:ACD) Debt-to-Equity

: 4.94 (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

Accord Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$371.78 Mil. Accord Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$42.26 Mil. Accord Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$83.90 Mil. Accord Financial's debt to equity for the quarter that ended in Dec. 2023 was 4.93.

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 Accord Financial's Debt-to-Equity or its related term are showing as below:

TSX:ACD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.92 Med: 2.99 Max: 4.94
Current: 4.94

During the past 13 years, the highest Debt-to-Equity Ratio of Accord Financial was 4.94. The lowest was 0.92. And the median was 2.99.

TSX:ACD's Debt-to-Equity is ranked worse than
87.07% of 433 companies
in the Credit Services industry
Industry Median: 1.18 vs TSX:ACD: 4.94

Accord Financial Debt-to-Equity Historical Data

The historical data trend for Accord Financial'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.

Accord Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

3.22

3.06

3.98

3.65

4.94

Accord Financial 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															3.65	3.62	4.00	4.51	4.94

Competitive Comparison

For the Credit Services subindustry, Accord Financial'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.

Accord Financial Debt-to-Equity Distribution

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

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

Accord Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Accord Financial's Debt to Equity Ratio for the fiscal year 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
	=	(371.783	+	42.262)	/	83.904
	=	4.93

Accord Financial'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
	=	(371.783	+	42.262)	/	83.904
	=	4.93

Accord Financial (TSX:ACD) 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.

Accord Financial Debt-to-Equity Related Terms

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

Accord Financial (TSX:ACD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Accord Financial Corp (TSX:ACD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

40 Eglinton Avenue East, Suite 602, Toronto, ON, CAN, M4P 3A2

Website

https://www.accordfinancial.com

Accord Financial Corp is a provider of asset-based financial services to businesses. Its asset-based financial services include asset-based lending, including factoring, lease financing, working capital financing, credit protection and receivables management, and supply chain financing for importers. The company's revenue comprises interest, including discount fees, and factoring commissions from the company's asset-based financial services, including factoring and leasing, and is measured at the fair value of the consideration received. The company's geographical segments include Canada and the United States.

Accord Financial (TSX:ACD) Headlines

No Headlines