California First Leasing (California First Leasing) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is California First Leasing Debt-to-Equity?

California First Leasing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. California First Leasing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. California First Leasing's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $223.35 Mil. California First Leasing's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 California First Leasing's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of California First Leasing was 0.35. The lowest was 0.00. And the median was 0.02.

CFNB's Debt-to-Equity is not ranked ^*
in the Credit Services industry.
Industry Median: 1.18
* Ranked among companies with meaningful Debt-to-Equity only.

California First Leasing Debt-to-Equity Historical Data

The historical data trend for California First Leasing'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.

California First Leasing Debt-to-Equity Chart

California First Leasing Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.01

California First Leasing Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of California First Leasing's Debt-to-Equity

For the Credit Services subindustry, California First Leasing'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.

California First Leasing's Debt-to-Equity Distribution in the Credit Services Industry

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

* The bar in red indicates where California First Leasing's Debt-to-Equity falls into.

California First Leasing Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

California First Leasing's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0	+	0)	/	219.38
	=	0.00

California First Leasing'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
	=	(0	+	0)	/	223.349
	=	0.00

California First Leasing (OTCPK:CFNB) 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.

California First Leasing Debt-to-Equity Related Terms

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California First Leasing (California First Leasing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » California First Leasing Corp (OTCPK:CFNB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5000 Birch Street, Suite 500, Newport Beach, CA, USA, 92660

Website

https://www.calfirstlease.com

California First Leasing Corp focuses on leasing and financing capital assets, commercial loans secured by equipment and developing an investment portfolio of equity securities.

Executives

Michael H Lowry	director
Robert Winton Kelley	director	5000 BIRCH STREET, SUITE 500, NEWPORT BEACH CA 92660-8142
Robert A Hodgson	officer: Sr. VP Tax & Accounting	18201 VON KARMAN AVE. #800, IRVINE CA 92612
Bedros Aharonyan	officer: President, Cal First Natl Bank	CALIFORNIA FIRST NATIONAL BANK, 18201 VON KARMAN AVENUE, IRVINE CA 92651
Michael L Mcclendon	officer: SVP Credit of CalFirst Leasing	CALIFORNIA FIRST LEASING CORPORATION, 18201 VON KARMAN AVENUE, IRVINE CA 92651
Glen T Tsuma	director, 10 percent owner, officer: CHief Operating Officer	18201 VON KARMAN AVE, SUITE 800, IRVINE CA 92612
Danilo Cacciamatta	director
Harris Ravine	director	8475 GREENWOOD DRIVE, NIWOT CO 80503
S Leslie Jewett	officer: Chief Financial Officer	18201 VON KARMAN AVENUE, IRVINE CA 92612
Patrick E Paddon	director, 10 percent owner, officer: Chief Executive Officer	18201 VON KARMAN AVENUE, IRVINE CA 92612