Propel Holdings (Propel Holdings) Debt-to-Asset : 0.59 (As of Mar. 2024)

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What is Propel Holdings Debt-to-Asset?

Propel Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $211.8 Mil. Propel Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.1 Mil. Propel Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $360.0 Mil. Propel Holdings's debt to asset for the quarter that ended in Mar. 2024 was 0.59.

Propel Holdings Debt-to-Asset Historical Data

The historical data trend for Propel Holdings'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.

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Propel Holdings Debt-to-Asset Chart

Propel Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.65

0.67

0.34

0.59

Propel Holdings Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial													0.57	0.57	0.57	0.59	0.59

Competitive Comparison of Propel Holdings's Debt-to-Asset

For the Credit Services subindustry, Propel Holdings'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.

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

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

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

Propel Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Propel Holdings's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(199.167	+	2.35)	/	344.263
	=	0.59

Propel Holdings's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(211.798	+	2.08)	/	359.991
	=	0.59

Propel Holdings (OTCPK:PRLPF) 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.

Propel Holdings Debt-to-Asset Related Terms

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Propel Holdings (Propel Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Propel Holdings Inc (OTCPK:PRLPF) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

8KO:Germany PRL:Canada

Address

69 Yonge Street, Suite 1500, Toronto, ON, CAN, M5E 1K3

Website

https://www.propelholdings.com

Propel Holdings Inc is an innovative financial technology (fintech) company, committed to credit inclusion by facilitating fair, fast, and transparent access to credit through its proprietary, industry-leading online lending platform. Propel, through its operating brands, is dedicated to bringing appropriate credit solutions to consumers in Canada and the United States. All the firm's operations are conducted through its consumer-facing brands: MoneyKey, CreditFresh, and Fora.