Standard Premium Finance Holdings (Standard Premium Finance Holdings) Debt-to-Equity : 8.09 (As of Dec. 2023)

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What is Standard Premium Finance Holdings Debt-to-Equity?

Standard Premium Finance Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $45.19 Mil. Standard Premium Finance Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.55 Mil. Standard Premium Finance Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6.40 Mil. Standard Premium Finance Holdings's debt to equity for the quarter that ended in Dec. 2023 was 8.09.

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

SPFX' s Debt-to-Equity Range Over the Past 10 Years
Min: 7.12 Med: 8.94 Max: 11.39
Current: 8.09

During the past 5 years, the highest Debt-to-Equity Ratio of Standard Premium Finance Holdings was 11.39. The lowest was 7.12. And the median was 8.94.

SPFX's Debt-to-Equity is ranked worse than
94.69% of 433 companies
in the Credit Services industry
Industry Median: 1.18 vs SPFX: 8.09

Standard Premium Finance Holdings Debt-to-Equity Historical Data

The historical data trend for Standard Premium Finance 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.

* Premium members only.

Standard Premium Finance Holdings Debt-to-Equity Chart

Standard Premium Finance Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

11.39

9.24

8.94

7.12

8.09

Standard Premium Finance Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial												7.12	7.35	7.64	8.09	8.09

Competitive Comparison of Standard Premium Finance Holdings's Debt-to-Equity

For the Credit Services subindustry, Standard Premium Finance 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.

Standard Premium Finance Holdings's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Standard Premium Finance Holdings's Debt-to-Equity distribution charts can be found below:

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

Standard Premium Finance Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Standard Premium Finance 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
	=	(45.191	+	6.551)	/	6.397
	=	8.09

Standard Premium Finance Holdings'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
	=	(45.191	+	6.551)	/	6.397
	=	8.09

Standard Premium Finance Holdings (OTCPK:SPFX) 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.

Standard Premium Finance Holdings Debt-to-Equity Related Terms

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

Standard Premium Finance Holdings (Standard Premium Finance Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Standard Premium Finance Holdings Inc (OTCPK:SPFX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

13590 SW 134th Avenue, Suite 214, Miami, FL, USA, 33186

Website

https://www.standardpremium.com

Standard Premium Finance Holdings Inc is a specialized finance company that makes collateralized loans to businesses and individuals to finance the insurance premiums they pay on their commercial property and casualty insurance policies. The company operates in the states of Arizona, Florida, Georgia, North Carolina, South Carolina, Texas and Tennessee. The company originate loans mainly in Florida, although it operates in several states. It generates the majority of its revenue through interest income and the associated fees earned from loan products.

Executives

John Leavitt	director	13590 SW 134TH AVE #214, MIAMI FL 33186
Brian Krogol	director, officer: CFO	13590 SW 134TH AVE #214, MIAMI FL 33186
William Koppelmann	director, 10 percent owner, officer: CEO	13590 SW 134TH AVE #214, MIAMI FL 33186
Margaret Ruiz	officer: Corporate Secretary	13590 SW 134TH AVE #214, MIAMI FL 33186
Victor Galliano	officer: VP of Marketing	13590 SW 134TH AVE #214, MIAMI FL 33186
Robert Mattucci	officer: VP of Sales	13590 SW 134TH AVE #214, MIAMI FL 33186
Ramon Mejido	officer: VP of Technology	13590 SW 134TH AVE #214, MIAMI FL 33186
Samuel Konig	director, officer: Executive Vice President	19707 TURNBERRY WAY, APT 27C, AVENTURA FL 33180
Bobby Story	director, officer: Chief Financial Officer	14000 MILITARY TRAIL, SUITE 104, DELRAY BEACH FL 33484
Mark Eliot Kutner	director	13590 SW 134TH AVE #214, MIAMI FL 33186
Carl Christian Hoechner	director	13590 SW 134TH AVE #214, MIAMI FL 33186
Scott Howell	director	13590 SW 134TH AVE #214, MIAMI FL 33186
Christopher Perrucci	director	13590 SW 134TH AVE #214, MIAMI FL 33186
James Albert Wall	director	13590 SW 134TH AVE #214, MIAMI FL 33186

Standard Premium Finance Holdings (Standard Premium Finance Holdings) Headlines

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