PROG Holdings (FRA:AZD) Debt-to-Equity : 1.04 (As of Mar. 2024)

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What is PROG Holdings Debt-to-Equity?

PROG Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €0 Mil. PROG Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €559 Mil. PROG Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €538 Mil. PROG Holdings's debt to equity for the quarter that ended in Mar. 2024 was 1.04.

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 PROG Holdings's Debt-to-Equity or its related term are showing as below:

FRA:AZD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.38 Max: 1.1
Current: 1.04

During the past 13 years, the highest Debt-to-Equity Ratio of PROG Holdings was 1.10. The lowest was 0.02. And the median was 0.38.

FRA:AZD's Debt-to-Equity is ranked worse than
74.87% of 927 companies
in the Business Services industry
Industry Median: 0.38 vs FRA:AZD: 1.04

PROG Holdings Debt-to-Equity Historical Data

The historical data trend for PROG Holdings'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.

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PROG Holdings Debt-to-Equity Chart

PROG Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.02

0.08

0.91

1.07

1.03

PROG Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.05	1.03	1.02	1.03	1.04

Competitive Comparison of PROG Holdings's Debt-to-Equity

For the Rental & Leasing Services subindustry, PROG Holdings'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.

PROG Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, PROG Holdings's Debt-to-Equity distribution charts can be found below:

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

PROG Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PROG Holdings's Debt to Equity Ratio for the fiscal year 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	+	557.641)	/	542.251
	=	1.03

PROG Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	558.938)	/	538.283
	=	1.04

PROG Holdings (FRA:AZD) 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.

PROG Holdings Debt-to-Equity Related Terms

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PROG Holdings (FRA:AZD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » PROG Holdings Inc (FRA:AZD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PRG:USA

Address

256 West Data Drive, Draper, UT, USA, 84020-2315

Website

https://www.progholdings.com

PROG Holdings Inc is a financial technology holding company that provides transparent and competitive payment options to consumers. The Company has two reportable segments: (i) Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider; and (ii) Vive Financial (Vive), an omnichannel provider of second-look revolving credit products. The majority of the revenue of the company is earned through the progressive leasing segment.

PROG Holdings (FRA:AZD) Headlines

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