This company has been acquired
Elevate Credit Balance Sheet Health
Financial Health criteria checks 5/6
Key information
332.0%
Debt to equity ratio
US$561.57m
Debt
| Interest coverage ratio | n/a |
| Cash | US$72.60m |
| Equity | US$169.16m |
| Total liabilities | US$620.06m |
| Total assets | US$789.22m |
Recent financial health updates
No updates
Recent updates
Elevate Credit: High-Probability Merger Arb
Jan 12Elevate Credit stock soars after hours after agreeing to be taken private in $67M deal
Nov 16Elevate Credit: Many Catalysts Behind The Corner
Apr 12Elevate Credit: Silently Preparing To Surprise The Market In 2022
Nov 16Elevate Credit: Low Risk, High Reward Undervalued Stock
Jul 31Here's Why I Think Elevate Credit (NYSE:ELVT) Is An Interesting Stock
May 09
Elevate Credit, Inc. 2021 Q1 - Results - Earnings Call Presentation
May 03Elevate Credit's (NYSE:ELVT) Stock Price Has Reduced 35% In The Past Three Years
Feb 06
Here's What Elevate Credit, Inc.'s (NYSE:ELVT) Shareholder Ownership Structure Looks Like
Jan 02Elevate Credit, Inc. 2020 Q3 - Results - Earnings Call Presentation
Nov 10Elevate: It's Really Not As Bad As You Think
Oct 28Financial Position Analysis
Short Term Liabilities: ELVT's short term assets ($727.4M) exceed its short term liabilities ($39.7M).
Long Term Liabilities: ELVT's short term assets ($727.4M) exceed its long term liabilities ($580.4M).
Debt to Equity History and Analysis
Debt Level: ELVT's net debt to equity ratio (289.1%) is considered high.
Reducing Debt: ELVT's debt to equity ratio has reduced from 450.2% to 332% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable ELVT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ELVT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 9.6% per year.