# Conn's, Inc. (CONN)
retail-credit · subprime · departed · latest quarter 2024-01-31 · reporting basis subprime

**Score 2** (weighted flags). Was a specialty retailer of furniture and appliances that financed its own customers, the closest non-auto analogue to the BHPH model.

## Latest quarter, from the company's own XBRL

| Measure | Value |
|---|---|
| Book total (subprime) | $992.3M |
| Allowance | $179.3M (18.07% of gross) |
| Provision | $52.7M |
| Net charge-offs | – (– annualized) |
| Provision / NCO | – |
| Reserve, quarters of losses | – |
| 30+ / 60+ / 90+ | – / – / 8.23% |
| Nonaccrual | 0.90% |
| Yield | – |
| Equity / assets | 17.81% |
| Book growth YoY | -3.2% |

Delinquency note: Filed Chapter 11 in July 2024. The in-house credit segment is what makes it a useful case: a retailer whose real business was the receivable.

## Flags

- **Equity share of assets falling sharply year over year** (`equity_eroding`)

## Reads on the desk

- DANGER: Past-due receivables rose 2.88 points year over year to 7.87% of the book while allowance coverage fell 1.04 points to 17.24%. Past due rising into a shrinking reserve is the clearest deterioration signature this engine looks for. Threshold: 0.50 points.
- HIGH: Equity fell to 31.9% of assets from 37.6% a year earlier, a 5.7 point erosion of the cushion under the book. Threshold: 4 points.

## Document-verified events

- 2024-07-23 Chapter 11 petition
- 2024-06-11 NT 10-Q: quarterly report late
- 2024-09-06 Exchange delisting (Form 25-NSE)
- 2020-04-14 Non-reliance 8-K (Item 4.02)

## In the news

- 2026-03-06 [Conn's Sells Consumer Receivable Portfolios to Jefferson Capital and Winds Down After Chapter 11 - ElevenFlo](https://news.google.com/rss/articles/CBMiVkFVX3lxTE1QYm84c2hhM05YdFdWTTlCRjhJMGdGNl9vaTRIUTFZUnhIZ2FwQVlnYjlWQWRmMnVRMzJ4SlRlRHR0UjU4bDJnbEt0NXlfTFhPNzgtU1VB?oc=5) · ElevenFlo
- 2026-04-01 [Home Retailer Conn’s To Close 71 Doors Amid Chapter 11 Speculation - WWD](https://news.google.com/rss/articles/CBMi1AFBVV95cUxPel9yZTVnY3cxaFhvYU5sT21vV1JyQ0J6aUhhdEhiMmVHWUdJNEVFTTB3eUQxMVpTTkZOTmpLT05nTm93SmNhejZvOU5ueEYwQ3k4N3BuM0xFMGJob3ZuSEN5Z3huQmFNbUg2QW1lTjcya1JQbV9WMHlCd3BYYm1FYU82b1AwclF0bUpnWHdfWC1CS1BGN0dacVZnRzl4RjlvYkJaT0JtTEpNMElNTlRQRDQ5UnpPSVkzY0hna0xJMGpSVUNvVk1tYlRCdDZTNm1mVHJXQw?oc=5) · WWD
- 2024-07-24 [Conn’s files for Chapter 11 bankruptcy - Retail Dive](https://news.google.com/rss/articles/CBMifkFVX3lxTE41SVBzNW11YU9TdTJlMlFRWDNDaG5VbERCMzUyZkJVQXZVOTNhTzF4YUxXRnc5MzhMajVHamRoOWlBSGN4T0ZlekpIa1c2bWZFZU9DdmZnTE43TTZpd05HWExYSUVRcEg5RXBPN0cwR0piamJWYXFBekF4VVpndw?oc=5) · Retail Dive
- 2024-09-10 [Conn’s HomePlus enters bankruptcy - Financier Worldwide](https://news.google.com/rss/articles/CBMidkFVX3lxTE85dWFkVVgwWGM4SkVhelJLdC1vVlNwVFdjZlljWjRacE9MMTVTNHZVZV83aDZ3NElQc1Z6UVdfR3RDbC1KalJPaGtVdG9pVVhtTzFoTlM0MC1LdmVmaExYQV9hUlh0eW9wVnBEOVRNQy1FZ2FwaFE?oc=5) · Financier Worldwide
- 2025-07-22 [Court confirms distribution plan in Conn’s bankruptcy - Furniture Today](https://news.google.com/rss/articles/CBMimgFBVV95cUxQbnNLQWJvdlkzRjJvV0pFSzNwNVlFemVXYUpXODlXYWtmakxnV3N6YTdqZGNGRDBPTnhvODJnOWhIdUhmeUw4MS1PZUptVzV4WFI0ZTg5LTRTN1gxTU1XZ0NycEh6S2QwU1J5QlFfRHd2WGM4SWZvbXBjTE1hdWpMbU5wRzlDR3ctcE1oV2ZEdmp2ZnRvRm85bFZR?oc=5) · Furniture Today
- 2025-06-15 [Conn's Inc. Files Second Amended Liquidation Plan Following Asset Sales, Creditors to Vote by July 15 - chapter11cases.com](https://news.google.com/rss/articles/CBMi0gFBVV95cUxPcDU5bm95aEVmeFczaGZSRlFZNFFxUVBZS1NydVpwSXZyZE9FTURuTG5xMHNhNUNTc1V2RlNCUlBrRHY1UEMwbUI1T3VUWWxfaUR3Y0JPaHdzYmx0MXBxXzdoRzBkQXlSaTM3UDBTMFZPcmwyVXExTEFaOTJ1dkhaZEhzUENzU0JJTmxPNTAxRzFOYS1NSTlDWTFIZEUxZnMwUDNrd1dwTWlUWVZaLURobUFSTnE4V0d1dWVhMVlkeWhJNWZJaVIxcnZFcFh1SEg4Umc?oc=5) · chapter11cases.com
- 2024-08-20 [Conn’s bankruptcy leaves retail, industrial vacancy across Texas - The Real Deal](https://news.google.com/rss/articles/CBMimAFBVV95cUxOWVVUWEJqYmVfQ1JaQWYyWGVDRTNZVXNxMlAyaDdnVnRFQ3RpZFYtM3psdHhlVThDM29pNE5xMnVkM1l6ejBHeHl6NERLc2NsclhDSV9PaTJPeWhuRk1CSnZyWm5iam1DVjY0Y0xXVENxMWxZUldNTXVuS3lsdUJqX0hCYzItWW9pQlRnc3JJeDUyYjNYeUV6OQ?oc=5) · The Real Deal
- 2024-07-29 [Conn's HomePlus stores closing nationwide after company filed bankruptcy - localmemphis.com](https://news.google.com/rss/articles/CBMi2AFBVV95cUxPVU9QZkFVTnBvelh4Z3BQZzIyQlRORFRIS21xV1hTdmhORVJ0VF9PX24zVkxYdjR2enMwbEN5UGxhRV94Q29yVmNXNHdZQi0wanhZbVNORWF2SmI1V3RoX1RUOHllbC1udzNZUUhoU1B5eEJubFhqQktlTWpHSm5qenVhVm9GOTN6R3kzeTgtWmRDZW53QnRZUWNKMDNaMFhQdjJLaGRmUTZZcU00X2NYUklFT0V4b3NxaEpjd2U5Wk1KY19sNEVWSmNBSU9fWWtMT2g5NU96enE?oc=5) · localmemphis.com

## How to verify

- Page: https://getbookiq.com/intel/#co=CONN
- Data: https://getbookiq.com/intel/data/pubco.json (companies[].hist, columns q, receivables_gross, receivables_net, receivables_fv, book_total, allowance, provision, writeoffs, recoveries, nco, revenue, interest_income, nonaccrual, assets, equity, debt, alw_ratio, nco_rate, yield, prov_nco, nonacc_ratio, equity_ratio, leverage, reserve_qtrs, growth_yoy, alw_chg_yoy, nco_chg_yoy, nonacc_chg_yoy, yield_chg_yoy, eq_chg_yoy, dq30, dq60, dq90, dq_total, dq30_r, dq60_r, dq90_r, dq_total_r, dq90_chg_yoy, dqtot_chg_yoy, score)
- Definitions: https://getbookiq.com/dictionary/#auto-prov_nco
- Source: SEC XBRL company facts. Blank means the filer does not tag that concept, never zero. Peer comparison is within a business model or tier only.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide