World Omni Financial Corp. (World Omni) is a wholly owned subsidiary of JM Family Enterprises, Inc. (www.jmfamily.com), a privately held, diversified automotive company founded in 1968 by automotive pioneer Jim Moran. Headquartered in Deerfield Beach, FL., World Omni provides a broad range of financial products and services to consumers, dealers, and lenders. World Omni's primary business includes Southeast Toyota Finance.
World Omni Financial Corp. – Financial Summary
| ($ in MM, except ratios) |
2023 |
2022 |
2021 |
| Financing Revenue |
1,351.3 |
1,316.4 |
1,518.3 |
| Total Assets |
17,008.8 |
16,424.9 |
16,767.2 |
| Total Liabilities |
14,944.2 |
14,427.1 |
14,713.0 |
| Total Equity |
2,064.6 |
1,997.8 |
2,054.2 |
| Debt-to-Equity (to 1)(1) |
7.0 |
7.0 |
6.9 |
Note: Summarized from the audited financial statements (excluding Debt-to-Equity ratios)
(1) The ratio of (a) external debt plus intercompany debt plus deferred income tax liability minus cash and cash equivalents to (b) total equity
Credit Rating Information
| Long-Term Rating |
Outlook |
| BBB+ |
Stable |
| Organization: Standard & Poor’s |
|
| Short-Term Rating |
Long-Term Rating |
Outlook |
| A-2 |
BBB |
Stable |
