Consumer Portfolio Services (STU:FC8) LT-Debt-to-Total-Asset : 0.87 (As of Sep. 2024)

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What is Consumer Portfolio Services 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. Consumer Portfolio Services's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.87.

Consumer Portfolio Services's long-term debt to total assets ratio increased from Sep. 2023 (0.80) to Sep. 2024 (0.87). It may suggest that Consumer Portfolio Services is progressively becoming more dependent on debt to grow their business.

Consumer Portfolio Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for Consumer Portfolio Services'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.

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Consumer Portfolio Services LT-Debt-to-Total-Asset Chart

Consumer Portfolio Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.85

0.86

0.85

0.79

0.80

Consumer Portfolio Services 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															0.80	0.80	0.80	0.87	0.87

Consumer Portfolio Services LT-Debt-to-Total-Asset Calculation

Consumer Portfolio Services'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 )
	=	2138.911	/	2662.735
	=	0.80

Consumer Portfolio Services'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 )
	=	2702.272	/	3119.885
	=	0.87

Consumer Portfolio Services (STU:FC8) 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.

Consumer Portfolio Services LT-Debt-to-Total-Asset Related Terms

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Consumer Portfolio Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Consumer Portfolio Services Inc (STU:FC8) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CPSS:USA

Address

3800 Howard Hughes Parkway, Las Vegas, NV, USA, 89169

Website

https://www.consumerportfolio.com

Consumer Portfolio Services Inc is a U.S.-based company operating in the specialty finance sector. Its business is to purchase and service retail automobile contracts originated by franchised automobile dealers and, to a lesser extent, by select independent dealers in the United States in the sale of new and used automobiles, light trucks, and passenger vans. Through its automobile contract purchases, the company provides indirect financing to the customers of dealers having limited credit histories, low incomes, or past credit problems, who it refers to as sub-prime customers. It serves as an alternative source of financing for dealers, facilitating sales to customers.

Consumer Portfolio Services Headlines

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