Credit Acceptance Corporation

NasdaqGS CACC

Credit Acceptance Corporation Interest Coverage Ratio for the Trailing 12 Months (TTM) ending September 30, 2024: 7.91

Credit Acceptance Corporation Interest Coverage Ratio is 7.91 for the Trailing 12 Months (TTM) ending September 30, 2024, a 125.89% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • Credit Acceptance Corporation Interest Coverage Ratio for the Trailing 12 Months (TTM) ending September 30, 2023 was 3.50.
  • Credit Acceptance Corporation Interest Coverage Ratio for the Trailing 12 Months (TTM) ending September 30, 2020 was 3.67, a -17.74% change year over year.
Key data
Date Interest Coverage Ratio Debt to Equity Ratio Interest Expense To Sales Inventory Turnover Ratio
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NasdaqGS: CACC

Credit Acceptance Corporation

CEO Mr. Kenneth S. Booth
IPO Date June 5, 1992
Location United States
Headquarters 25505 West Twelve Mile Road
Employees 2,232
Sector Consumer Discretionary
Industries
Description

Credit Acceptance Corporation provides financing programs, and related products and services to independent and franchised automobile dealers in the United States. The company advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers. It is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. The company was founded in 1972 and is headquartered in Southfield, Michigan.

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StockViz Staff

January 15, 2025

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