GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Oportun Financial Corp (NAS:OPRT) » Definitions » Debt-to-Equity

Oportun Financial (Oportun Financial) Debt-to-Equity : 7.98 (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Oportun Financial Debt-to-Equity?

Oportun Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $290.0 Mil. Oportun Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,938.5 Mil. Oportun Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $404.4 Mil. Oportun Financial's debt to equity for the quarter that ended in Dec. 2023 was 7.98.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Oportun Financial's Debt-to-Equity or its related term are showing as below:

OPRT' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.4   Med: 4.31   Max: 7.98
Current: 7.98

During the past 8 years, the highest Debt-to-Equity Ratio of Oportun Financial was 7.98. The lowest was 3.40. And the median was 4.31.

OPRT's Debt-to-Equity is ranked worse than
94.46% of 433 companies
in the Credit Services industry
Industry Median: 1.18 vs OPRT: 7.98

Oportun Financial Debt-to-Equity Historical Data

The historical data trend for Oportun Financial's Debt-to-Equity 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.

Oportun Financial Debt-to-Equity Chart

Oportun Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 3.40 3.66 4.31 6.00 7.98

Oportun Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 7.40 7.47 7.59 7.98

Competitive Comparison of Oportun Financial's Debt-to-Equity

For the Credit Services subindustry, Oportun Financial's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.


Oportun Financial's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Oportun Financial's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Oportun Financial's Debt-to-Equity falls into.



Oportun Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oportun Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Oportun Financial's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Oportun Financial  (NAS:OPRT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Oportun Financial Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Oportun Financial's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Oportun Financial (Oportun Financial) Business Description

Traded in Other Exchanges
Address
2 Circle Star Way, San Carlos, CA, USA, 94070
Oportun Financial Corp is engaged in providing financial services to people who either do not have a credit score or who may have a limited credit history. The company offers Personal Loans and Auto Loans to its customers. Its product offerings include small-dollar, unsecured installment loans and other products and services.
Executives
Jules A. Maltz 10 percent owner 3000 SAND HILL ROAD, BUILDING 2, SUITE 250, MENLO PARK CA 94025
Institutional Venture Management Xiv, Llc 10 percent owner 3000 SAND HILL ROAD, BUILDING 2, SUITE 250, MENLO PARK CA 94025
Kathleen I. Layton officer: Chief Legal Officer 2 CIRCLE STAR WAY, SAN CARLOS CA 94070
Jonathan Aaron Coblentz officer: CFO & Chief Admin Officer 23 WEST 73RD STREET, APT 914, NEW YORK NY 10023
Raul Vazquez director, officer: Chief Executive Officer 500 STAPLES DR., FRAMINGHAM MA 01702
Aida Alvarez director 5995 PLAZA DRIVE MAIL ST CY20-103, CYPRESS CA 90630
Casey Mueller officer: Global Controller and PAO 2 CIRCLE STAR WAY, SAN CARLOS CA 94070
Patrick Kirscht officer: Chief Credit Officer 2 CIRCLE STAR WAY, SAN CARLOS CA 94070
Ginny Lee director 2 CIRCLE STAR WAY, SAN CARLOS CA 94070
Sandra Adele Smith director 2 CIRCLE STAR WAY, SAN CARLOS CA 94070
Frederic Welts director GOLDEN STATE WARRIORS, 1011 BROADWAY, OAKLAND CA 94607
Roy Banks director 6129 WEST 9600 NORTH, HIGHLAND UT 84003
Greylock Xii Gp Llc 10 percent owner 2550 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
David Anthony Needham officer: Chief Technology Officer 2 CIRCLE STAR WAY, SAN CARLOS CA 94070
Joan Aristei officer: GC & Chief Compliance Officer 2 CIRCLE STAR WAY, SAN CARLOS CA 94070