PROG Holdings Inc

NYSE PRG

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PROG Holdings Inc Interest Expense To Sales for the quarter ending March 31, 2024: 1.51%

PROG Holdings Inc Interest Expense To Sales is 1.51% for the quarter ending March 31, 2024, a 16.31% change year over year. The interest expense to sales ratio is a financial metric that represents the proportion of a company's revenue that is used to cover its interest expenses. It is calculated by dividing the company's interest expense by its total revenue. This ratio indicates the financial burden of interest payments on the company's operating income. A higher ratio suggests that a significant portion of the company's revenue is being used to service interest obligations, potentially affecting its profitability.

PROG Holdings Inc Interest Expense To Sales for the quarter ending March 31, 2023 was 1.30%, a -4.37% change year over year.
PROG Holdings Inc Interest Expense To Sales for the quarter ending March 31, 2022 was 1.36%, a 1,808.56% change year over year.
PROG Holdings Inc Interest Expense To Sales for the quarter ending March 31, 2021 was 0.07%, a -79.41% change year over year.
PROG Holdings Inc Interest Expense To Sales for the quarter ending March 31, 2020 was 0.34%, a -29.55% change year over year.

NYSE: PRG

PROG Holdings Inc

CEO	Mr. Steven A. Michaels
IPO Date	Sept. 7, 1984
Location	United States
Headquarters	256 West Data Drive, Draper, UT, United States, 84020-2315
Employees	1,606
Sector	Industrials
Industry	Rental & leasing services

Description

PROG Holdings, Inc., a financial technology holding company, provides payment options to consumers. It operates through three segments: Progressive Leasing, Vive, and Four. The company owns Progressive Leasing, an in-store, app-based, and e-commerce point-of-sale lease-to-own solutions provider; and Vive Financial, an omnichannel provider of second-look revolving credit products. It also offers buy now pay later payment options through four interest-free installments; and Build, a credit building financial management tool. The company was formerly known as Aaron's Holdings Company, Inc. and changed its name to PROG Holdings, Inc. in December 2020. PROG Holdings, Inc. was founded in 1955 and is based in Draper, Utah.

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