Accord Financial (TSX:ACD) Equity-to-Asset : 0.16 (As of Dec. 2023)

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What is Accord Financial Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Accord Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$83.90 Mil. Accord Financial's Total Assets for the quarter that ended in Dec. 2023 was C$513.48 Mil. Therefore, Accord Financial's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.16.

The historical rank and industry rank for Accord Financial's Equity-to-Asset or its related term are showing as below:

TSX:ACD' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16 Med: 0.24 Max: 0.48
Current: 0.16

During the past 13 years, the highest Equity to Asset Ratio of Accord Financial was 0.48. The lowest was 0.16. And the median was 0.24.

TSX:ACD's Equity-to-Asset is ranked worse than
75.32% of 539 companies
in the Credit Services industry
Industry Median: 0.36 vs TSX:ACD: 0.16

Accord Financial Equity-to-Asset Historical Data

The historical data trend for Accord Financial's Equity-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.

* Premium members only.

Accord Financial Equity-to-Asset Chart

Accord Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.23

0.19

0.21

0.16

Accord Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.21	0.21	0.19	0.18	0.16

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

For the Credit Services subindustry, Accord Financial's Equity-to-Asset, along with its competitors' market caps and Equity-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 Equity-to-Asset Distribution in the Credit Services Industry

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

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

Accord Financial Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Accord Financial's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	83.904	/	513.48
	=	0.16

Accord Financial's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	83.904	/	513.48
	=	0.16

Accord Financial (TSX:ACD) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Accord Financial Equity-to-Asset Related Terms

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

Accord Financial (TSX:ACD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

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. Its 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.

Accord Financial (TSX:ACD) Headlines

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