Financial Snapshot

Revenue
$11.76M
TTM
Gross Margin
Net Earnings
$888.4K
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
128.42%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$7.177M
Q3 2024
Cash
Q3 2024
P/E
4.966
Nov 26, 2024 EST
Free Cash Flow
$5.086M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $9.723M $8.157M $7.665M $6.434M
YoY Change 19.21% 6.42% 19.13%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $9.723M $8.157M $7.665M $6.434M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $4.304M $3.824M $3.832M $2.954M
YoY Change 12.55% -0.22% 29.74%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $25.29K $22.28K $34.68K $25.21K
YoY Change 13.5% -35.75% 37.57%
% of Gross Profit
Operating Expenses $5.212M $4.816M $4.753M $3.754M
YoY Change 8.22% 1.34% 26.61%
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $3.798M $2.328M $1.726M -$1.703M
YoY Change 63.15% 34.9% -201.35%
% of Operating Profit
Other Income/Expense, Net $124.5K $181.8K $166.8K
YoY Change -31.52% 8.98%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income $712.9K $1.012M $1.186M $977.7K
YoY Change -29.58% -14.67% 21.34%
Income Tax $180.5K $206.2K $310.0K $290.3K
% Of Pretax Income 25.32% 20.37% 26.13% 29.69%
Net Earnings $532.4K $806.1K $876.3K $631.6K
YoY Change -33.96% -8.01% 38.75%
Net Earnings / Revenue 5.48% 9.88% 11.43% 9.82%
Basic Earnings Per Share $0.14 $0.25 $0.28
Diluted Earnings Per Share $0.13 $0.21 $0.28 $0.22

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $45.24K $421.2K $20.99K $477.3K
YoY Change -89.26% 1906.72% -95.6%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $307.2K $348.8K $538.1K $383.9K
YoY Change -11.92% -35.18% 40.17%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $61.09M $50.24M $47.23M $39.86M
YoY Change 21.59% 6.38% 18.49%
Property, Plant & Equipment $242.0K $351.9K $377.9K $177.0K
YoY Change -31.23% -6.88% 113.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.041M $892.0K $906.9K $776.3K
YoY Change 16.73% -1.64% 16.82%
Total Long-Term Assets $1.283M $1.244M $1.285M $953.3K
YoY Change 3.16% -3.18% 34.78%
Total Assets $62.38M $51.49M $48.52M $40.81M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $1.606M $1.440M $1.617M $1.250M
YoY Change 11.48% -10.95% 29.43%
Deferred Revenue
YoY Change
Short-Term Debt $45.22M $34.54M $32.56M $27.52M
YoY Change 30.93% 6.07% 18.31%
Long-Term Debt Due $2.597M $1.554M $3.430M $2.624M
YoY Change 67.15% -54.69% 30.7%
Total Short-Term Liabilities $49.43M $37.54M $37.61M $31.40M
YoY Change 31.68% -0.2% 19.79%
Long-Term Debt $6.521M $7.927M $6.247M $5.676M
YoY Change -17.74% 26.89% 10.06%
Other Long-Term Liabilities $30.25K $73.85K $124.1K $56.08K
YoY Change -59.04% -40.48% 121.24%
Total Long-Term Liabilities $6.551M $8.001M $6.371M $5.732M
YoY Change -18.12% 25.58% 11.14%
Total Liabilities $55.98M $45.54M $43.98M $37.13M
YoY Change 22.93% 3.53% 18.46%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 2.905M shares 2.905M shares 2.905M shares
Diluted Shares Outstanding 3.295M shares 3.408M shares 2.905M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $4.4118 Million

About STANDARD PREMIUM FINANCE HOLDINGS, INC.

Standard Premium Finance Holdings, Inc. engages in the provision of collateralized loans to business and individuals to finance the insurance premiums on commercial property and casualty insurance policies. The company is headquartered in Miami, Florida and currently employs 6 full-time employees. The company went IPO on 2022-03-17. The firm operates in 17 states. The company has developed relationships with insurance agents and brokers located in its market area who offer insurance premium loans as a service to their customers which the Company underwrites. The firm evaluates each insurance premium loan application according to its loan underwriting criteria. Upon its approval of an insurance premium loan, the borrower makes a down payment, generally 20% to 25% of the annual premium on the financed insurance policy, and the Company provides the balance of the annual premium required to purchase the policy. The firm's subsidiary, Standard Premium Finance Management, is a licensed insurance premium finance company in 31 states.

Industry: Miscellaneous Business Credit Institution Peers: A-Mark Precious Metals, Inc. Favo Capital, Inc.