FlexShopper (FRA:9FL) LT-Debt-to-Total-Asset : 0.74 (As of Sep. 2024)

View and export this data going back to 2020. Start your Free Trial

What is FlexShopper LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. FlexShopper's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.74.

FlexShopper's long-term debt to total assets ratio declined from Sep. 2023 (0.75) to Sep. 2024 (0.74). It may suggest that FlexShopper is progressively becoming less dependent on debt to grow their business.

FlexShopper LT-Debt-to-Total-Asset Historical Data

The historical data trend for FlexShopper's LT-Debt-to-Total-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.

FlexShopper LT-Debt-to-Total-Asset Chart

FlexShopper Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.66

0.58

0.66

0.65

0.74

FlexShopper Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.75	0.74	0.77	0.79	0.74

FlexShopper LT-Debt-to-Total-Asset Calculation

FlexShopper's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	105.57	/	143.501
	=	0.74

FlexShopper's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	125	/	168.723
	=	0.74

FlexShopper (FRA:9FL) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

FlexShopper LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of FlexShopper's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

FlexShopper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » FlexShopper Inc (FRA:9FL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

FPAY:USA

Address

901 Yamato Road, Suite 260, Boca Raton, FL, USA, 33431

Website

https://www.flexshopper.com

FlexShopper Inc is a financial technology company engaged in providing certain types of durable goods to consumers on a lease-to-own basis and providing lease-to-own (LTO) terms to consumers of third-party retailers and e-tailers. Its products include electronics, computers, furniture, mattresses, cameras and camcorders, audio, musical instruments, health, fitness and sports, video games, homes, gardens and tools, appliances, and vacuums on a payment, lease basis. The firm generates a majority of its revenue by leasing its products. The company enables consumers utilizing its e-commerce marketplace to shop for brand-name electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis.

FlexShopper Headlines

No Headlines