SoFi Technologies (SoFi Technologies) Effective Interest Rate on Debt % : 0.00% (As of Jul. 2020)

View and export this data going back to 2020. Start your Free Trial

What is SoFi Technologies Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. SoFi Technologies's annualized positive value of Interest Expense for the quarter that ended in Jul. 2020 was $ Mil. SoFi Technologies's average total debt for the quarter that ended in Jul. 2020 was $ Mil. Therefore, SoFi Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2020 was %.

SoFi Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for SoFi Technologies's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SoFi Technologies Effective Interest Rate on Debt % Chart

SoFi Technologies Annual Data

Trend

Dec20

Effective Interest Rate on Debt %

SoFi Technologies Semi-Annual Data
	Jul20
Effective Interest Rate on Debt %	-

Competitive Comparison of SoFi Technologies's Effective Interest Rate on Debt %

For the Credit Services subindustry, SoFi Technologies's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SoFi Technologies's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, SoFi Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where SoFi Technologies's Effective Interest Rate on Debt % falls into.

SoFi Technologies Effective Interest Rate on Debt % Calculation

SoFi Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

SoFi Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: . 20 )	+	Total Debt (Q: Jul. 2020 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (Q: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (Q: Jul. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is one times the annual (Jul. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

SoFi Technologies (NAS:SOFI) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

SoFi Technologies Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of SoFi Technologies's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

SoFi Technologies (SoFi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (NAS:SOFI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

317 University Avenue, Suite 200, Palo Alto, CA, USA, 94301

Website

https://www.sofi.com

SoFi Technologies Inc helps people achieve financial independence to realize their ambitions. Its products include SoFi Money, SoFi Invest, Student Loan Refinancing, Private Student Loans, Personal Loans, Home Loans, SoFi Relay, SoFi Protect among others. The company's product gives over two million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people.