Debt comes down
Aaron's, Inc. has recorded a decline in total debt over the last one year. It stood at $497.83 million as on Dec. 31, 2016, down 17.95 percent or $108.92 million from $606.75 million on Dec. 31, 2015. Aaron`S has recorded a decline in long-term debt over the last one year. It stood at $497.83 million as on Dec. 31, 2016, down 17.95 percent or $108.92 million from $606.75 million on Dec. 31, 2015. Total debt was 19.03 percent of total assets as on Dec. 31, 2016, compared with 22.82 percent on Dec. 31, 2015. Debt to equity ratio was at 0.34 as on Dec. 31, 2016, down from 0.44 as on Dec. 31, 2015. Interest coverage ratio improved to 6.95 for the quarter from 6.52 for the same period last year.