VEL (Velocity Financial) Debt-to-Asset : 0.88 (As of Sep. 2024)

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What is Velocity Financial Debt-to-Asset?

Velocity Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $434.0 Mil. Velocity Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $4,138.7 Mil. Velocity Financial's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $5,202.5 Mil. Velocity Financial's debt to asset for the quarter that ended in Sep. 2024 was 0.88.

Velocity Financial Debt-to-Asset Historical Data

The historical data trend for Velocity Financial's Debt-to-Asset 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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Velocity Financial Debt-to-Asset Chart

Velocity Financial Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.91

0.82

0.85

0.87

Velocity Financial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.87	0.87	0.88	0.87	0.88

Competitive Comparison of Velocity Financial's Debt-to-Asset

For the Mortgage Finance subindustry, Velocity Financial's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Velocity Financial's Debt-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Velocity Financial's Debt-to-Asset distribution charts can be found below:

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

Velocity Financial Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Velocity Financial's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(334.755	+	3507.311)	/	4404.573
	=	0.87

Velocity Financial's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(434.027	+	4138.738)	/	5202.474
	=	0.88

Velocity Financial (NYSE:VEL) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Velocity Financial Debt-to-Asset Related Terms

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

Velocity Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Velocity Financial Inc (NYSE:VEL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

30699 Russell Ranch Road, Suite 295, Westlake Village, CA, USA, 91362

Website

https://www.velfinance.com

Velocity Financial Inc is a United States-based real estate finance company. The company originates and manages investor loans secured by residential rental and small commercial properties. The company earns revenue in the form of interest income. It operates in New York, California, Florida, New Jersey, and other states.

Executives

Omar Maasarani	director	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
John Pitstick	director	30699 RUSSELL RANCH ROAD, SUITE 250, WESTLAKE VILLAGE CA 91362
Fiona Tam	officer: Chief Accounting Officer	30699 RUSSELL RANCH RD, STE. 295, WESTLAKE VILLAGE CA 91362
Lvs Iii Holding Lp	director, 10 percent owner	C/O PACIFIC INVESTMENT MGMT. COMPANY LLC, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92600
Tobi Iii Spe I Llc	director, 10 percent owner	C/O PACIFIC INVESTMENT MGMT. COMPANY LLC, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92600
Pacific Investment Management Co Llc	director, 10 percent owner	650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Katherine Verner	director	C/O PIMCO, 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Michael Chiao	director	650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92600
Roland Thomas Kelly	officer: General Counsel	1551 CALLE PATRICIA, PACIFIC PALISADES CA 90272
Jeffrey T. Taylor	officer: See Remarks	30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Christopher D. Farrar	director, officer: Chief Executive Officer	30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Dorika M Beckett	director	30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Mark R Szczepaniak	officer: Chief Financial Officer	C/O VELOCITY FINANCIAL, 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Christopher J Oltmann	officer: Chief Accounting Officer	C/O VELOCITY FINANCIAL, 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362
Graham M Comley	officer: See Remarks	C/O VELOCITY FINANCIAL, 30699 RUSSELL RANCH ROAD, SUITE 295, WESTLAKE VILLAGE CA 91362