First Acceptance Corp
First Acceptance Corporation, together with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and related products in the United States. It issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including th… Read more
First Acceptance Corp (FACO) - Total Assets
Latest total assets as of June 2025: $773.35 Million USD
Based on the latest financial reports, First Acceptance Corp (FACO) holds total assets worth $773.35 Million USD as of June 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
First Acceptance Corp - Total Assets Trend (1999–2024)
This chart illustrates how First Acceptance Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
First Acceptance Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
First Acceptance Corp's total assets of $773.35 Million consist of 0.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 11.3% |
| Accounts Receivable | $184.03 Million | 27.1% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $185.50K | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1999–2024)
This chart illustrates how First Acceptance Corp's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: First Acceptance Corp's current assets represent 0.0% of total assets in 2024, unchanged from 0.0% in 1999.
- Cash Position: Cash and equivalents constituted 11.3% of total assets in 2024, down from 95.6% in 1999.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1999.
- Asset Diversification: The largest asset category is accounts receivable at 27.1% of total assets.
First Acceptance Corp Competitors by Total Assets
Key competitors of First Acceptance Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Syarikat Takaful Malaysia Bhd
KLSE:6139
|
Malaysia | RM17.81 Billion |
|
ACMAT Corporation
PINK:ACMT
|
USA | $50.58 Million |
|
Enact Holdings Inc
NASDAQ:ACT
|
USA | $6.89 Billion |
|
Assured Guaranty Ltd
NYSE:AGO
|
USA | $12.10 Billion |
|
Ambac Financial Group Inc
NYSE:AMBC
|
USA | $2.15 Billion |
|
AMERISAFE Inc
NASDAQ:AMSF
|
USA | $222.87 Million |
|
AXIS Capital Holdings Ltd
NYSE:AXS
|
USA | $32.32 Billion |
|
Beazley plc
PINK:BZLYF
|
USA | $16.22 Billion |
First Acceptance Corp - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - First Acceptance Corp generates 0.82x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, First Acceptance Corp generates $ 3.86 in net profit.
First Acceptance Corp - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.64 | 36.70 | 27.22 |
| Quick Ratio | 1.64 | 36.70 | 27.22 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $63.76 Million | $ 196.86 Million | $ 305.75 Million |
First Acceptance Corp - Advanced Valuation Insights
This section examines the relationship between First Acceptance Corp's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.77 |
| Latest Market Cap to Assets Ratio | 0.20 |
| Asset Growth Rate (YoY) | 22.1% |
| Total Assets | $680.39 Million |
| Market Capitalization | $134.82 Million USD |
Valuation Analysis
Below Book Valuation: The market values First Acceptance Corp's assets below their book value (0.20 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: First Acceptance Corp's assets grew by 22.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for First Acceptance Corp (1999–2024)
The table below shows the annual total assets of First Acceptance Corp from 1999 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $680.39 Million | +22.06% |
| 2023-12-31 | $557.42 Million | +56.61% |
| 2022-12-31 | $355.94 Million | +10.32% |
| 2021-12-31 | $322.65 Million | -5.37% |
| 2020-12-31 | $340.95 Million | -4.34% |
| 2019-12-31 | $356.41 Million | -8.40% |
| 2018-12-31 | $389.08 Million | -1.71% |
| 2017-12-31 | $395.86 Million | -1.05% |
| 2016-12-31 | $400.07 Million | -0.51% |
| 2015-12-31 | $402.13 Million | +22.39% |
| 2014-12-31 | $328.57 Million | +20.05% |
| 2013-12-31 | $273.71 Million | +4.35% |
| 2012-12-31 | $262.30 Million | -11.47% |
| 2010-12-31 | $296.29 Million | -16.85% |
| 2009-12-31 | $356.34 Million | -0.73% |
| 2008-12-31 | $358.96 Million | -24.15% |
| 2007-12-31 | $473.23 Million | -5.14% |
| 2006-12-31 | $498.89 Million | +14.87% |
| 2005-12-31 | $434.31 Million | +31.32% |
| 2004-12-31 | $330.72 Million | +15.77% |
| 2003-12-31 | $285.67 Million | +383.75% |
| 2002-12-31 | $59.05 Million | +0.23% |
| 2001-12-31 | $58.92 Million | +0.61% |
| 2000-12-31 | $58.56 Million | +0.15% |
| 1999-12-31 | $58.48 Million | -- |