Consumer Automotive Finance (Consumer Automotive Finance) Debt-to-Equity : -0.58 (As of Jun. 2023)

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What is Consumer Automotive Finance Debt-to-Equity?

Consumer Automotive Finance's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.09 Mil. Consumer Automotive Finance's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Consumer Automotive Finance's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-0.16 Mil. Consumer Automotive Finance's debt to equity for the quarter that ended in Jun. 2023 was -0.58.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Consumer Automotive Finance's Debt-to-Equity or its related term are showing as below:

CAFI' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.67 Med: -0.63 Max: -0.58
Current: -0.58

During the past 9 years, the highest Debt-to-Equity Ratio of Consumer Automotive Finance was -0.58. The lowest was -0.67. And the median was -0.63.

CAFI's Debt-to-Equity is not ranked
in the Credit Services industry.
Industry Median: 1.13 vs CAFI: -0.58

Consumer Automotive Finance Debt-to-Equity Historical Data

The historical data trend for Consumer Automotive Finance's Debt-to-Equity 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.

Consumer Automotive Finance Debt-to-Equity Chart

Consumer Automotive Finance Annual Data

Trend

Dec03

Dec04

Jun06

Jun07

Jun08

Jun09

Jun10

Jun22

Jun23

Debt-to-Equity

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-5.04

-1.53

-1.47

-0.67

-0.58

Consumer Automotive Finance Semi-Annual Data
	Dec03	Dec04	Jun06	Jun07	Jun08	Jun09	Jun10	Jun21	Jun22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial					-1.53	-1.47	N/A	-0.67	-0.58

Competitive Comparison of Consumer Automotive Finance's Debt-to-Equity

For the Credit Services subindustry, Consumer Automotive Finance's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Consumer Automotive Finance's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Consumer Automotive Finance's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Consumer Automotive Finance's Debt-to-Equity falls into.

Consumer Automotive Finance Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Consumer Automotive Finance's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.093	+	0)	/	-0.16
	=	-0.58

Consumer Automotive Finance's Debt to Equity Ratio for the quarter that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.093	+	0)	/	-0.16
	=	-0.58

Consumer Automotive Finance (OTCPK:CAFI) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Consumer Automotive Finance Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Consumer Automotive Finance's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Consumer Automotive Finance (Consumer Automotive Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Consumer Automotive Finance Inc (OTCPK:CAFI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

746 North Drive, STE A, Melbourne, FL, USA, 32934

Website

http://www.cafius.com

Consumer Automotive Finance Inc is an indirect automotive financial services company that focuses on servicing the sub-prime market. It has developed a criteria-based system, which has been effective in evaluating deal structure as well as a consumer's ability to pay for an automobile loan. The company provides financing solutions for buying Cars and Trucks and also provides a wide range of credit profiles through dealers in Nevada and soon Arizona and Utah, as well as online through the Dealer Loan programs.

Executives

Scott Eugene Miller	officer: CEO	2239 N. HAYDEN RD., SUITE 100, SCOTTSDALE AZ 85257
Jamie Kerr	director, 10 percent owner, officer: President	2925 N. 67TH PLACE, SCOTTSDALE AZ 85251
John Shaffer	director, officer: Treasurer	2925 N. 67TH PLACE, SCOTTSDALE AZ 85251