Elevate Credit (LTS:0XWD) Debt-to-Asset : 0.73 (As of Sep. 2022)

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What is Elevate Credit Debt-to-Asset?

Elevate Credit's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.0 Mil. Elevate Credit's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $576.8 Mil. Elevate Credit's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2022 was $789.2 Mil. Elevate Credit's debt to asset for the quarter that ended in Sep. 2022 was 0.73.

Elevate Credit Debt-to-Asset Historical Data

The historical data trend for Elevate Credit's Debt-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.

* Premium members only.

Elevate Credit Debt-to-Asset Chart

Elevate Credit Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Asset

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0.75

0.69

0.67

0.72

Elevate Credit Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Asset	Get a 7-Day Free Trial															0.68	0.72	0.66	0.68	0.73

Competitive Comparison of Elevate Credit's Debt-to-Asset

For the Credit Services subindustry, Elevate Credit's Debt-to-Asset, along with its competitors' market caps and Debt-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.

Elevate Credit's Debt-to-Asset Distribution in the Credit Services Industry

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

* The bar in red indicates where Elevate Credit's Debt-to-Asset falls into.

Elevate Credit Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Elevate Credit's Debt-to-Asset for the fiscal year that ended in Dec. 2021 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	514.448)	/	710.682
	=	0.72

Elevate Credit's Debt-to-Asset for the quarter that ended in Sep. 2022 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	576.786)	/	789.215
	=	0.73

Elevate Credit (LTS:0XWD) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Elevate Credit Debt-to-Asset Related Terms

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

Elevate Credit (LTS:0XWD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Elevate Credit Inc (LTS:0XWD) » Definitions » Debt-to-Asset

Comparable Companies

NICK JT BWMY AHG NISN YRD FIGI LMFA PT XYF V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

4150 International Plaza, Suite 300, Fort Worth, TX, USA, 76109

Website

https://www.elevate.com

Elevate Credit Inc provides online credit solutions. The company provides credit to non-prime consumers, many of whom face reduced credit options and increased financial pressure due to macroeconomic changes over the past few decades. It has one reportable segment, which provides online financial services for subprime credit consumers, which is composed of the company's operations in the United States.

Elevate Credit (LTS:0XWD) Headlines

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