Credit Acceptance CACC Secured Debt
Secured Debt at other companies
Other financials
Where this comes from
Reported directly by Credit Acceptance in its filing.
Tagged under the XBRL concept us-gaap:SecuredDebt.
The official record: Credit Acceptance’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Credit Acceptance's secured debt?
- Credit Acceptance (CACC) reported secured debt of $5.1B in Q1 2026.
- How has Credit Acceptance's secured debt changed year-over-year?
- Credit Acceptance's secured debt decreased by 9.2% year-over-year, from $5.62B to $5.1B.
- What is the long-term trend for Credit Acceptance's secured debt?
- Over 5 years (2020 to 2025), Credit Acceptance's secured debt has grown at a 6.8% compound annual growth rate (CAGR), from $3.71B to $5.16B.
- What does secured debt mean?
- This represents debt obligations that are backed by specific company assets pledged as collateral to protect lenders in the event of default. By utilizing asset-backed financing, the company can often secure more favorable borrowing terms or access capital markets that might otherwise be unavailable. Analyzing this metric provides insight into the quality of the company's balance sheet and the extent to which its assets are encumbered.