Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. SoFi Technologies's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.25.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, SoFi Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.
The historical rank and industry rank for SoFi Technologies's Cash-to-Debt or its related term are showing as below:
SOFI'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.15 Max: 0.25
Current: 0.25
During the past 5 years, SoFi Technologies's highest Cash to Debt Ratio was 0.25. The lowest was 0.10. And the median was 0.15.
SOFI's Cash-to-Debt is ranked worse than 51.56% of 512
companies
in the Credit Services industry
Industry Median: 0.28
vs SOFI: 0.25
SoFi Technologies Cash-to-Debt Historical Data
The historical data trend for SoFi Technologies's Cash-to-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 Annual Data
Trend
Dec18
Dec19
Dec20
Dec21
Dec22
Cash-to-Debt
N/A
0.10
0.17
0.12
0.25
SoFi Technologies Quarterly Data
Dec18
Dec19
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Cash-to-Debt
0.12
0.26
0.18
0.20
0.25
Competitive Comparison
For the Credit Services subindustry, SoFi Technologies's Cash-to-Debt, along with its competitors' market caps and Cash-to-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 Cash-to-Debt Distribution
For the Credit Services industry and Financial Services sector, SoFi Technologies's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where SoFi Technologies's Cash-to-Debt falls in comparison to its industry or sector. The grey bar indicates the Cash-to-Debt's extreme value range as defined by GuruFocus.
* 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.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
SoFi Technologies Cash-to-Debt Related Terms
Thank you for viewing the detailed overview of SoFi Technologies's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.
SoFi is a financial services company that was founded in 2011 and is currently 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.
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