SoFi Technologies (SoFi Technologies) Debt-to-Equity

: 0.97 (As of Dec. 2023)

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SoFi Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $486 Mil. SoFi Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4,877 Mil. SoFi Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5,555 Mil. SoFi Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.97.

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: 1.02 Max: 2.42
Current: 0.97

During the past 6 years, the highest Debt-to-Equity Ratio of SoFi Technologies was 2.42. The lowest was 0.89. And the median was 1.02.

SOFI's Debt-to-Equity is ranked better than
54.06% of 431 companies
in the Credit Services industry
Industry Median: 1.18 vs SOFI: 0.97

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

Dec23

Debt-to-Equity

2.42

1.66

0.89

1.02

0.97

SoFi Technologies Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity													1.02	1.13	1.19	1.18	0.97

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 into.

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. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(486	+	4876.633)	/	5554.986
	=	0.97

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(486	+	4876.633)	/	5554.986
	=	0.97

SoFi Technologies (NAS:SOFI) 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.

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 Technologies (SoFi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (NAS:SOFI) » Definitions » Debt-to-Equity

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