Accord Financial (TSX:ACD) Debt-to-Asset : 0.76 (As of Dec. 2024)

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What is Accord Financial Debt-to-Asset?

Accord Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$243.90 Mil. Accord Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$69.62 Mil. Accord Financial's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was C$413.88 Mil. Accord Financial's debt to asset for the quarter that ended in Dec. 2024 was 0.76.

Accord Financial Debt-to-Asset Historical Data

The historical data trend for Accord Financial'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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Accord Financial Debt-to-Asset Chart

Accord Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.71

0.77

0.75

0.81

0.76

Accord Financial Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.81	0.80	0.79	0.76	0.76

Competitive Comparison of Accord Financial's Debt-to-Asset

For the Credit Services subindustry, Accord Financial'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.

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

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

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

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Accord Financial Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Accord Financial's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(243.903	+	69.62)	/	413.882
	=	0.76

Accord Financial's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(243.903	+	69.62)	/	413.882
	=	0.76

Accord Financial (TSX:ACD) 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.

Accord Financial Debt-to-Asset Related Terms

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Accord Financial Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ACCFF:USA

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. The company's 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.

Executives

Irene Eddy	Senior Officer
Simon Jonathan Hitzig	Director
Austin Cecil Beutel	Director, Director or Senior Officer of 10% Security Holder
Robert Jonathan Beutel	10% Security Holder
Terry Keating	Senior Officer
Frederick Alan Moss	Subsidiary

Accord Financial Headlines

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