Accord Financial (TSX:ACD) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is Accord Financial 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. Accord Financial's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Accord Financial's long-term debt to total assets ratio increased from Sep. 2023 (0.07) to Sep. 2024 (0.08). It may suggest that Accord Financial is progressively becoming more dependent on debt to grow their business.

Accord Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Accord Financial'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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Accord Financial LT-Debt-to-Total-Asset Chart

Accord Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.05

0.08

Accord Financial 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															0.07	0.08	0.08	0.09	0.08

Accord Financial LT-Debt-to-Total-Asset Calculation

Accord Financial'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 )
	=	42.262	/	513.48
	=	0.08

Accord Financial'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 )
	=	32.622	/	420.122
	=	0.08

Accord Financial (TSX:ACD) 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.

Accord Financial LT-Debt-to-Total-Asset Related Terms

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Accord Financial Business Description

Industry

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

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Traded in Other Exchanges

ACCFF:USA

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. The company's 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.

Executives

Irene Eddy	Senior Officer
Simon Jonathan Hitzig	Director
Austin Cecil Beutel	Director, Director or Senior Officer of 10% Security Holder
Robert Jonathan Beutel	10% Security Holder
Terry Keating	Senior Officer
Frederick Alan Moss	Subsidiary

Accord Financial Headlines

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