LDI (loanDepot) Debt-to-Equity : 14.40 (As of Sep. 2024)

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What is loanDepot Debt-to-Equity?

loanDepot's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,565.7 Mil. loanDepot's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,917.7 Mil. loanDepot's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $311.4 Mil. loanDepot's debt to equity for the quarter that ended in Sep. 2024 was 14.40.

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 loanDepot's Debt-to-Equity or its related term are showing as below:

LDI' s Debt-to-Equity Range Over the Past 10 Years
Min: 7.83 Med: 12.41 Max: 19.4
Current: 14.4

During the past 8 years, the highest Debt-to-Equity Ratio of loanDepot was 19.40. The lowest was 7.83. And the median was 12.41.

LDI's Debt-to-Equity is ranked worse than
99.24% of 1454 companies
in the Banks industry
Industry Median: 0.63 vs LDI: 14.40

loanDepot Debt-to-Equity Historical Data

The historical data trend for loanDepot'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.

loanDepot Debt-to-Equity Chart

loanDepot Annual Data

Trend

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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N/A

17.49

10.38

12.09

loanDepot Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															10.97	12.09	13.77	14.07	14.40

Competitive Comparison of loanDepot's Debt-to-Equity

For the Mortgage Finance subindustry, loanDepot'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.

loanDepot's Debt-to-Equity Distribution in the Banks Industry

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

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

loanDepot Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

loanDepot'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
	=	(2927.817	+	1342.443)	/	353.181
	=	12.09

loanDepot's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(2565.713	+	1917.699)	/	311.39
	=	14.40

loanDepot (NYSE:LDI) 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.

loanDepot Debt-to-Equity Related Terms

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

loanDepot Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » loanDepot Inc (NYSE:LDI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6561 Irvine Center Drive, Irvine, CA, USA, 92618

Website

https://www.loandepot.com

loanDepot Inc provides nonbank consumer lending solutions for individuals in the United States. It offers personal, residential home, home refinancing, mortgage and home equity loans. It also provides online mortgage loans for refinancing and home purchases. It serves customers through distribution channels, including consumer direct centres, retail branches, wholesale centres, and consumer finance and servicing centres in the United States. It competes with commercial banks and financial institutions.

Executives

Dawn G Lepore	director	1425 BROADWAY PMB 41, SEATTLE WA 99122
Anthony Li Hsieh	director, 10 percent owner, officer: Chief Executive Officer	C/O LOANDEPOT, 26642 TOWNE CENTRE DRIVE, FOOTHILL RANCH CA 92610
Jeff Alexander Walsh	officer: See Remarks	C/O LOANDEPOT, INC., 26642 TOWNE CENTRE DRIVE, FOOTHILL RANCH CA 92610
Frank Martell	director, officer: CEO and President	10 GASTON FARMS ROAD, GREENWICH CT 06831
Dan Binowitz	officer: Managing Director	26642 TOWNE CENTRE DRIVE, FOOTHILL RANCH CA 92610
Darren Graeler	officer: Chief Accounting Officer	6561 IRVINE CENTER DRIVE, IRVINE CA 92618
David R Hayes	officer: Chief Financial Officer	6561 IRVINE CENTER DRIVE, IRVINE CA 92618
Patrick J Flanagan	officer: Chief Financial Officer	C/O LOANDEPOT, 26642 TOWNE CENTRE DRIVE, FOOTHILL RANCH CA 92610
John Hoon Lee	director	26642 TOWNE CENTRE DRIVE, FOOTHILL RANCH CA 92610
Steven Ozonian	director	C/O TREE.COM, INC., 11115 RUSHMORE DRIVE, CHARLOTTE NC 28277
Nicole Carrillo	officer: Chief Accounting Officer	C/O LOANDEPOT, INC., 26642 TOWNE CENTRE DRIVE, FOOTHILL RANCH CA 92610
Jeffrey Michael Dergurahian	officer: See Remarks	C/O LOANDEPOT, 26642 TOWNE CENTRE DRIVE, FOOTHILL RANCH CA 92610
Gregory Smallwood	officer: Chief Legal Officer	1525 S. BELT LINE RD., COPPELL TX 75019
Grassi Joseph J Iii	officer: Chief Risk Officer	C/O FANNIE MAE, 1100 15TH STREET NW, WASHINGTON DC 20005
Pamela H. Patenaude	director	26642 TOWNE CENTRE DRIVE, C/O LOANDEPOT, INC., FOOTHILL RANCH CA 92610