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Nelnet is Among the Companies in the Consumer Finance Industry With the Highest Debt to Asset Ratio (NNI, CPSS, ECPG, NICK, CACC)

By Shiri Gupta

Below are the three companies in the Consumer Finance industry with the highest debt to asset ratios. The Debt/Asset ratio shows the proportion of a company's assets that are financed through debt. If the ratio is greater than one, most of the company's assets are financed through debt.

Nelnet ranks highest with a a debt to asset ratio of 0.93. Following is Consumer Portfolio Services with a a debt to asset ratio of 0.91. Encore Capital Group ranks third highest with a a debt to asset ratio of 0.76.

Nicholas Financial follows with a a debt to asset ratio of 0.65, and Credit Acceptance rounds out the top five with a a debt to asset ratio of 0.62.

SmarTrend recommended that its subscribers protect gains by selling shares of Nicholas Financial on December 2nd, 2015 by issuing a Downtrend alert when the shares were trading at $12.61. Since that call, shares of Nicholas Financial have fallen 16.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest debt to asset ratio nelnet consumer portfolio services encore capital group nicholas financial credit acceptance

Ticker(s): NNI CPSS ECPG NICK CACC