First Acceptance Analysis
First Acceptance has over 70.15 Million in debt which may indicate that it relies heavily on debt financing. With a high degree of financial leverage come high-interest payments, which usually reduce First Acceptance's Earnings Per Share (EPS).
Asset vs Debt
Equity vs Debt
First Acceptance's liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. First Acceptance's cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Company is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps First Stock's retail investors understand whether an upcoming fall or rise in the market will negatively affect First Acceptance's stakeholders.
For many companies, including First Acceptance, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for First Acceptance, the most critical issue when managing liquidity is ensuring that current assets are properly aligned with current liabilities. If they are not, First Acceptance's management will need to obtain alternative financing to ensure there are always enough cash equivalents on the balance sheet to meet obligations.
Given that First Acceptance's debt-to-equity ratio measures a Company's obligations relative to the value of its net assets, it is usually used by traders to estimate the extent to which First Acceptance is acquiring new debt as a mechanism of leveraging its assets. A high debt-to-equity ratio is generally associated with increased risk, implying that it has been aggressive in financing its growth with debt. Another way to look at debt-to-equity ratios is to compare the overall debt load of First Acceptance to its assets or equity, showing how much of the company assets belong to shareholders vs. creditors. If shareholders own more assets, First Acceptance is said to be less leveraged. If creditors hold a majority of First Acceptance's assets, the Company is said to be highly leveraged.
First Acceptance is undervalued with Real Value of 0.0 and Hype Value of 0.0. The main objective of First Acceptance delisted stock analysis is to determine its intrinsic value, which is an estimate of what First Acceptance is worth, separate from its market price. There are two main types of First Acceptance's stock analysis: fundamental analysis and technical analysis.
The First Acceptance stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and First Acceptance's ongoing operational relationships across important fundamental and technical indicators.
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First Stock Analysis Notes
About 64.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.52. Some equities with similar Price to Book (P/B) outperform the market in the long run. First Acceptance recorded a loss per share of 0.21. The entity last dividend was issued on the 30th of September 2010. The firm had 3:2 split on the 20th of February 1985. First Acceptance Corporation, through with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and other ancillary products in the United States. First Acceptance Corporation was founded in 1969 and is based in Nashville, Tennessee. First Acceptance operates under Insurance - Specialty classification in USA and traded on New York Stock Exchange. It employs 1300 people. To learn more about First Acceptance call the company at 615-844-2800 or check out http://www.acceptanceinsurance.com.First Acceptance Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more delisted stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. First Acceptance's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding First Acceptance or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
| First Acceptance is not yet fully synchronised with the market data | |
| First Acceptance has some characteristics of a very speculative penny stock | |
| First Acceptance has a very high chance of going through financial distress in the upcoming years | |
| First Acceptance has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial commitments | |
| First Acceptance has 70.15 M in debt with debt to equity (D/E) ratio of 108.3, demonstrating that the company may be unable to create cash to meet all of its financial commitments. First Acceptance has a current ratio of 0.93, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for First to invest in growth at high rates of return. | |
| The entity reported the last year's revenue of 347.52 M. Reported Net Loss for the year was (8.6 M) with profit before taxes, overhead, and interest of 126.73 M. | |
| About 64.0% of First Acceptance shares are held by company insiders |
First Market Capitalization
The company currently falls under 'Micro-Cap' category with a total capitalization of 33.4 M.First Profitablity
The company has Net Profit Margin of (2.48) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of 3.2 %, which entails that for every 100 dollars of revenue, it generated $3.2 of operating income.First Acceptance Outstanding Bonds
First Acceptance issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. First Acceptance uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most First bonds can be classified according to their maturity, which is the date when First Acceptance has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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First Acceptance Debt to Cash Allocation
As First Acceptance follows its natural business cycle, the capital allocation decisions will not magically go away. First Acceptance's decision-makers have to determine if most of the cash flows will be poured back into or reinvested in the business, reserved for other projects beyond operational needs, or paid back to stakeholders and investors.
First Acceptance has 70.15 M in debt with debt to equity (D/E) ratio of 108.3, demonstrating that the company may be unable to create cash to meet all of its financial commitments. First Acceptance has a current ratio of 0.93, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Note however, debt could still be an excellent tool for First to invest in growth at high rates of return. First Acceptance Assets Financed by Debt
Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the First Acceptance's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of First Acceptance, which in turn will lower the firm's financial flexibility.First Acceptance Corporate Bonds Issued
Most First bonds can be classified according to their maturity, which is the date when First Acceptance has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Other Consideration for investing in First Stock
If you are still planning to invest in First Acceptance check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the First Acceptance's history and understand the potential risks before investing.
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