PROG Holdings Inc

NYSE PRG

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PROG Holdings Inc Short-Term Debt to Equity Ratio 3 year CAGR for the Trailing 12 Months (TTM) ending March 31, 2024: -29.22%

PROG Holdings Inc Short-Term Debt to Equity Ratio 3 year CAGR is -29.22% for the Trailing 12 Months (TTM) ending March 31, 2024, a -142.47% change year over year. The short-term debt to equity ratio measures the proportion of short-term debt to shareholders' equity. It is calculated by dividing the short-term debt by the shareholders' equity. This ratio indicates the level of short-term debt relative to the equity invested by shareholders. A higher ratio suggests a higher dependency on short-term debt financing compared to equity financing. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

PROG Holdings Inc Short-Term Debt to Equity Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 1.04, a 119.10% change year over year.
PROG Holdings Inc Short-Term Debt to Equity Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 0.47, a 420.52% change year over year.
PROG Holdings Inc Short-Term Debt to Equity Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 0.09, a -58.14% change year over year.
PROG Holdings Inc Short-Term Debt to Equity Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 0.22, a 59.93% 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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