PREC (Prestige Cars International) Debt-to-Asset : 0.89 (As of Sep. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Prestige Cars International Debt-to-Asset?

Prestige Cars International PREC Debt-to-Asset is 0.89 as of Sep. 2023.

Prestige Cars International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.32 Mil. Prestige Cars International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Prestige Cars International's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2023 was $1.48 Mil. Prestige Cars International's debt to asset for the quarter that ended in Sep. 2023 was 0.89.

Prestige Cars International  (OTCPK:PREC) 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.

Prestige Cars International Debt-to-Asset Related Terms

Prestige Cars International Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Prestige Cars International'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.

Prestige Cars International Debt-to-Asset Chart

Prestige Cars International Annual Data
Trend
Debt-to-Asset

Prestige Cars International Semi-Annual Data
Sep22 Sep23
Debt-to-Asset 0.00 0.89

PREC vs NCNCF, ZAPPF, OMTK: Debt-to-Asset Comparison

For the Auto & Truck Dealerships subindustry, Prestige Cars International'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.

Prestige Cars International Debt-to-Asset vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Prestige Cars International's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Prestige Cars International's Debt-to-Asset falls into.


Prestige Cars International Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Prestige Cars International's Debt-to-Asset for the fiscal year that ended in . 20 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=( + ) /
=N/A

Prestige Cars International's Debt-to-Asset for the quarter that ended in Sep. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(1.318 + 0) / 1.482
=0.89

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.89 mean?
Prestige Cars International (PREC) has a Debt-to-Asset of 0.89 as of Sep. 2023. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Prestige Cars International and its competitors.
Is Prestige Cars International's Debt-to-Asset too high?
Prestige Cars International's current Debt-to-Asset is 0.89.
How does Prestige Cars International's Debt-to-Asset compare to NCNCF and ZAPPF?
Prestige Cars International's Debt-to-Asset of 0.89 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Vehicles & Parts company?
A good Debt-to-Asset depends on the Vehicles & Parts industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Prestige Cars International and its competitors. Prestige Cars International's current Debt-to-Asset is 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prestige Cars International stock overvalued right now?
Prestige Cars International (PREC) has a current Debt-to-Asset of 0.89. The current Debt-to-Asset is 0.89. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Prestige Cars International (PREC), the current Debt-to-Asset is 0.89 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Prestige Cars International Business Description

Address 1013 West Sunrise boulevard, Fort Lauderdale, FL, USA, 33311
Prestige Cars International Inc is engaged in restoring, buying, maintaining, selling and servicing High-End luxury European vehicles new and used and their parts world wide. The business of the company is conducted through its showroom and via the internet. The Company specializes in current and vintage Rolls Royce, Bentley, Mercedes Benz, BMW, Porsche, Jaguar, Ferrari, Aston Martin and Land Rovers. The Company services both the B2B and B2C automotive space.