PROG Holdings Inc Asset Coverage Ratio 1 year YoY Change (%) is 88.79% for the quarter ending March 31, 2024, a 1,298.10% change year over year. The asset coverage ratio assesses the extent to which a company's tangible assets can cover its total debt obligations. It is calculated by dividing the difference between total assets and intangible assets by total debt. This ratio provides an indication of a company's ability to repay its debt using its tangible assets. A higher asset coverage ratio suggests a lower financial risk, as the company has a greater cushion of tangible assets to support its debt obligations. The measure "Change (%)" refers to the percentage change in the value of a financial metric between two time points. This measure provides a relative perspective on the magnitude of change.