Credco was incorporated in Delaware in 1962 and was acquired by American Express Company (American Express) in December 1965. On January 1, 1983, Credco became a wholly owned subsidiary of American Express Travel Related Services Company Inc. (TRS), a wholly owned subsidiary of American Express. Both American Express and TRS are bank holding companies. As of December 31, 2019, Credco employed 4 people, whom Credco refers to as colleagues. Credco is engaged in the business of financing certain non-interest-earning Card Member receivables arising from the use of the American Express charge cards issued in the United States and in certain countries outside the United States. Credco also finances certain interest-earning revolving loans generated by Card Member spending on American Express credit cards issued in non-U.S. markets.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Latest filings (excl ownership)
15-15D
Suspension of duty to report
14 Jan 22
8-K
American Express Company Announces Expiration and Final Results
1 Dec 21
8-K
American Express Company Announces Extension of Early Participation Date
16 Nov 21
25-NSE
Exchange delisting
5 Nov 21
8-K
American Express Company Announces Exchange Offer and Consent Solicitation
1 Nov 21
10-Q
2021 Q3
Quarterly report
28 Oct 21
8-K
Termination of a Material Definitive Agreement
7 Oct 21
10-Q
2021 Q2
Quarterly report
5 Aug 21
10-Q
2021 Q1
Quarterly report
6 May 21
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
25 Feb 21
Latest ownership filings
No filings
Financial summary
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Annual (USD) | Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 684.00 mm | 684.00 mm | 684.00 mm | 684.00 mm | 684.00 mm | 684.00 mm |
Cash burn (monthly) | (no burn) | 37.42 mm | (no burn) | (no burn) | (no burn) | 4.17 mm |
Cash used (since last report) | n/a | 1.12 bn | n/a | n/a | n/a | 124.94 mm |
Cash remaining | n/a | -437.93 mm | n/a | n/a | n/a | 559.06 mm |
Runway (months of cash) | n/a | -11.7 | n/a | n/a | n/a | 134.2 |