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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/03/01 07:48 |
| End of Day Share Price | 2023/02/27 00:00 |
| Earnings | 2022/09/30 |
| Annual Earnings | 2021/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Elevate Credit, Inc. is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Giuliano Anderes Bologna | BTIG |
| Moshe Orenbuch | Credit Suisse |
| John Hecht | Jefferies LLC |