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 SoFi Technologies's Debt-to-Equity or its related term are showing as below:
SOFI'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.89 Med: 1.34 Max: 2.42
Current: 1.02
During the past 5 years, the highest Debt-to-Equity Ratio of SoFi Technologies was 2.42. The lowest was 0.89. And the median was 1.34.
SOFI's Debt-to-Equity is ranked better than 51.29% of 425
companies
in the Credit Services industry
Industry Median: 1.05
vs SOFI: 1.02
SoFi Technologies Debt-to-Equity Historical Data
The historical data trend for SoFi Technologies'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.
SoFi Technologies Annual Data
Trend
Dec18
Dec19
Dec20
Dec21
Dec22
Debt-to-Equity
N/A
2.42
1.66
0.89
1.02
SoFi Technologies Quarterly Data
Dec18
Dec19
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Debt-to-Equity
0.89
0.93
0.71
0.86
1.02
Competitive Comparison
For the Credit Services subindustry, SoFi Technologies'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.
SoFi Technologies Debt-to-Equity Distribution
For the Credit Services industry and Financial Services sector, SoFi Technologies's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where SoFi Technologies's Debt-to-Equity falls in comparison to its industry or sector. The grey bar indicates the Debt-to-Equity's extreme value range as defined by GuruFocus.
SoFi Technologies Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
SoFi Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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.
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.
SoFi Technologies Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of SoFi Technologies's Debt-to-Equity 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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