SoFi Technologies (SoFi Technologies) Interest Expense

: $-789 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SoFi Technologies's interest expense for the three months ended in Dec. 2023 was $ -256 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-789 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. SoFi Technologies's Operating Income for the three months ended in Dec. 2023 was $ Mil. SoFi Technologies's Interest Expense for the three months ended in Dec. 2023 was $ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

SoFi Technologies Interest Expense Historical Data

The historical data trend for SoFi Technologies's Interest Expense 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.

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SoFi Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-278.36

-185.61

-102.78

-189.28

-789.33

SoFi Technologies Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense													-98.82	-135.55	-178.87	-219.31	-255.60

SoFi Technologies Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-789 Mil.

SoFi Technologies (SoFi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (NAS:SOFI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SOFI:Mexico 6B0:Germany 6B0:Germany

Address

234 1st Street, San Francisco, CA, USA, 94105

Website

https://www.sofi.com

SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.

Executives

Jeremy Rishel	officer: Chief Technology Officer	234 1ST STREET, SAN FRANCISCO CA 94105
Anthony Noto	director, officer: Chief Executive Officer	C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105
Christopher Lapointe	officer: Chief Financial Officer	234 1ST ST, SAN FRANCISCO CA 94105
Webb Lauren Stafford	officer: Chief Marketing Officer	234 1ST ST, SAN FRANCISCO CA 94105
Aaron Webster	officer: Chief Risk Officer	234 1ST ST, SAN FRANCISCO CA 94105
Chad M Borton	officer: President - SoFi Bank	38 FOUNTAIN SQUARE PLAZA, MD 10AT76, CINCINNATI OH 45263
Hele John C.r.	director	WESSEX HOUSE, 4TH FLOOR, 45 REID STREET, HAMILTON D0 HM 12
Robert S Lavet	officer: General Counsel and Secretary	12061 BLUEMONT WAY, RESTON VA 20190
Softbank Group Corp	director, 10 percent owner	1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Michelle Gill	officer: EVP & Group Business Leader	16 FUNSTON AVENUE, SUITE A, THE PRESIDIO OF SAN FRANCISCO, SAN FRANCISCO CA 94129
Harvey M Schwartz	director	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Micah Heavener	officer: Head of Operations	234 1ST ST, SAN FRANCISCO CA 94105
George Thompson Hutton	director	C/O WHITE MOUNTAINS INSURANCE GROUP, LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755
Investment Authority Qatar	director	P.O. BOX 23224, DOHA S3 QATAR
Thomas Clayton Wilkes	director, officer: CEO - Galileo	234 1ST ST, SAN FRANCISCO CA 94015