Accord Financial Corp. (T:ACD)
Business Focus: Corporate Financial Services (NEC)
Insider Filings
Latest 10 SEDI filings for ACD within the last 6 months
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Company News
Mar 25, 2024 08:00 ET
Accord Financial Announces Fourth Quarter and Fiscal 2023 Financial Results
Accord Financial Corp. (“Accord” or the “Company”) (TSX – ACD) today released its financial results for the fourth quarter and year ended December 31, 2023. The financial figures presented in this release are reported in Canadian dollars and have been prepared in accordance with International Financial Reporting Standards.
Mar 18, 2024 09:58 ET
Accord Announces Amendments to its Banking Facility
Accord Financial Corp. (“Accord” or the “Company”) (TSX – ACD) today announced that it has entered into amendments to its primary credit facility with its banking syndicate. As disclosed in its third quarter report, in November 2023, the Company uncovered significant irregularities in collateral reporting by a borrower related to a $14.4 million loan, which led the Company to record a specific provision for credit losses relating to this loan. Since that time, the Company has been operating under a series of facility agreement waivers, which provided temporary relief from a technical default c
Valuation Ratios
Industry
Sector
Beta
1.48
--
--
Price to Sales - TTM
0.51
5.72
5.03
Price to Book - most recent quarter
0.48
1.89
1.66
Price to Cash Flow per share - TTM
--
8.45
8.82
Price to Free Cash Flow per share - TTM
--
17.39
20.51
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Dec 31, 2023 | 500 | 0 |
| Dec 31, 1969 | 0 | 0 |
| Dec 31, 1969 | 0 | 0 |
Business Summary
| Sector: Financials | Industry: Corporate Financial Services |
Accord Financial Corp. is a Canada-based commercial finance company. The Company operates six finance companies in North America, namely, Accord Financial Inc. (AFIC), Accord Financial Canada Corp. (AFCC) and Accord Financial Ltd. (AFL) in Canada, and Accord Financial, Inc. (AFIU), BondIt Media Capital (BondIt) and Accord CapX LLC (doing business as Accord Equipment Finance (AEF), in the United States. The Company's business principally involves asset-based lending by AFIC and AFIU, which entails financing or purchasing receivables on a recourse basis, as well as financing other tangible assets, such as inventory and equipment; equipment financing by AEF and AFCC. AFCC also provides working capital financing to small businesses through its Accord Small Business Finance (ASBF) subsidiary; film and media production financing by BondIt; and credit protection and receivables management services by AFL, which principally involves providing credit guarantees and collection services.
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