Company Information

Learn More About XBRL  

Address: 300 FELLOWSHIP ROAD  
City: MT. LAUREL 
State: NJ 
Zip Code: 08054 
Telephone: 888-479-9111 


Description of Business


Primary SIC Code: 6022
(As filed with the SEC)  

We are a nationwide provider of equipment financing and working capital solutions primarily to small businesses. We finance over 70 categories of commercial equipment important to our end user customers, including copiers, certain commercial and industrial equipment, computers, telecommunications equipment, and security systems. Our average lease transaction was approximately $11,000 at December 31, 2007, and we typically do not exceed $250,000 for any single lease transaction. This segment of the equipment leasing market is commonly known in the industry as the small-ticket segment. We access our end user customers through origination sources comprised of our existing network of over 11,300 independent commercial equipment dealers and, to a lesser extent, through relationships with lease brokers and direct solicitation of our end user customers. We use a highly efficient telephonic direct sales model to market to our origination sources.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/20090.08NA99.12
09/2009-0.56NAN/E
06/2009-0.68NAN/E
03/2009-0.63NAN/E
12/2008-0.44NAN/E
09/20080.43NA19.72
06/20080.91NA7.62
03/20081.19NA6.34

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2009 Leverage 2009
Net Inc/Comm Equity0.01Total Liab/Total Assets0.74
Net Inc/Total Assets0.00Total Liab/Inv Cap0.83
Net Inc/Inv Cap0.00Total Liab/Comm Equity4.92
Pretax Inc/Net Sales0.05Interest Coverage Ratio1.05
Net Inc/Net Sales0.04Curr Debt/Equity0.42
Cash Flow/Net Sales1.15LTD/Equity1.65
SG&A/NetSales1.12Total Debt/Equity2.07
Asset Utilization   Liquidity  
Net Receivables Turnover13.59Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E11.90  

Income Statement (Millions)

  12/31/2009 6/30/2009 3/31/2009 12/31/2008
Total Revenues(Net Sales) 6.49 23.37 26.06 27.52
Cost of Goods Sold NA 0.70 0.65 NA
Selling & Admin Exps 7.31 8.40 9.54 5.86
Operating Income -0.83 8.13 5.81 -3.74
Interest Exp 5.61 6.75 7.18 8.48
Pretax Income 0.64 1.38 -1.37 -12.23
Other Income 1.47 NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 0.46 0.95 -0.88 -7.35

Balance Sheet (Millions)

Assets 12/31/2009 6/30/2009 3/31/2009 12/31/2008
Cash & Short Term Investments 37.06 121.28 121.85 98.99
Receivables - Total 1.14 7.71 7.49 3.12
Inventories - Total NA NA NA NA
Total Current Assets NA 128.99 129.34 102.11
Net Property, Plant & Equipment 2.43 2.82 2.93 2.96
Total Assets 565.80 690.65 765.02 795.82
Liabilities        
Accounts Payable 11.85 17.81 18.18 14.47
Debt in Current Liabilities 62.54 98.13 116.31 NA
Total Current Liabilities NA 193.24 209.35 77.85
Long-Term Debt 244.45 337.76 395.25 554.84
Total Liabilities 417.57 543.99 618.54 648.36
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 NA NA NA
Common Stock 0.13 0.13 0.13 0.12
Retained Earnings 63.71 62.74 62.62 63.50
Treasury Stock NA NA NA NA
Total Stockholders' Equity 148.24 146.66 146.49 147.46
Total Liabilities and Stockholders' Equity 565.80 690.65 765.02 795.82

Cash Flow Summary (Millions)

Categories 12/31/2009 6/30/2009 3/31/2009 12/31/2008
Net Cash Provided by Operating Activities -1.01 14.93 11.51 4.68
Net Cash Provided by Investing Activities 44.37 59.34 31.37 17.80
Net Cash Provided by Financing Activities -56.75 -71.21 -32.69 -6.85

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/200590.2116.251.36
12/2006103.4618.631.53
12/2007118.9118.291.49
12/2008115.60-5.23-0.44
12/200928.921.040.08
Growth Rates-24.76----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional12/31/09397,25857.03




Report Date : 3/15/2010

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