RMIAF (Automotive Finco) Debt-to-Equity : 0.00 (As of Sep. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Automotive Finco Debt-to-Equity?

Automotive Finco's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Automotive Finco's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Automotive Finco's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $19.02 Mil. Automotive Finco's debt to equity for the quarter that ended in Sep. 2024 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 Automotive Finco's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Automotive Finco was 0.55. The lowest was 0.51. And the median was 0.52.

RMIAF's Debt-to-Equity is not ranked ^*
in the Credit Services industry.
Industry Median: 1.21
* Ranked among companies with meaningful Debt-to-Equity only.

Automotive Finco Debt-to-Equity Historical Data

The historical data trend for Automotive Finco'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.

Automotive Finco Debt-to-Equity Chart

Automotive Finco Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

Automotive Finco Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Automotive Finco's Debt-to-Equity

For the Credit Services subindustry, Automotive Finco'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.

Automotive Finco's Debt-to-Equity Distribution in the Credit Services Industry

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

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

Save Embed

;

Save Embed

;

Automotive Finco Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Automotive Finco'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	+	0)	/	18.05
	=	0.00

Automotive Finco's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	0)	/	19.02
	=	0.00

Automotive Finco (OTCPK:RMIAF) 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.

Automotive Finco Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Automotive Finco's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Automotive Finco Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Automotive Finco Corp (OTCPK:RMIAF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AFCC.H:Canada

Address

Yonge King, PO Box 17026, Toronto, ON, CAN, M5E 1Y2

Website

https://www.autofincocorp.com

Automotive Finco Corp p is a finance company focused exclusively on the auto retail sector. The company also pursues other direct investments and financing opportunities across the auto retail sector. Through its investment in Automotive Finance LP, it is engaged in the business of lending and administering investment funds. The Company has only one operating segment: Investment issuer focused on providing debt financing and making other investments in the auto retail sector.