Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Credit Acceptance's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$8,593 Mil. Credit Acceptance's Total Assets for the quarter that ended in Dec. 2023 was R$37,288 Mil.
Therefore, Credit Acceptance's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.23.
The historical rank and industry rank for Credit Acceptance's Equity-to-Asset or its related term are showing as below:
BSP:CRDA34'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.23 Med: 0.28 Max: 0.32
Current: 0.23
During the past 13 years, the highest Equity to Asset Ratio of Credit Acceptance was 0.32. The lowest was 0.23. And the median was 0.28.
BSP:CRDA34's Equity-to-Asset is ranked worse than 64.07% of 540
companies
in the Credit Services industry
Industry Median: 0.365
vs BSP:CRDA34: 0.23
Credit Acceptance Equity-to-Asset Historical Data
The historical data trend for Credit Acceptance'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.
Competitive Comparison of Credit Acceptance's Equity-to-Asset
For the Credit Services subindustry, Credit Acceptance'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.
Credit Acceptance's Equity-to-Asset Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Credit Acceptance's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Credit Acceptance's Equity-to-Asset falls into.
Credit Acceptance 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.
Credit Acceptance's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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%.
Credit Acceptance Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Credit Acceptance's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Credit Acceptance (BSP:CRDA34) Business Description
Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BSP:CRDA34 has been successfully added to your 