SLM (SLM) Debt-to-Equity : 2.83 (As of Sep. 2024)

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What is SLM Debt-to-Equity?

SLM's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil. SLM's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $6,037 Mil. SLM's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $2,134 Mil. SLM's debt to equity for the quarter that ended in Sep. 2024 was 2.83.

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

SLM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.47 Med: 1.89 Max: 3.07
Current: 2.83

During the past 13 years, the highest Debt-to-Equity Ratio of SLM was 3.07. The lowest was 0.47. And the median was 1.89.

SLM's Debt-to-Equity is ranked worse than
74.15% of 441 companies
in the Credit Services industry
Industry Median: 1.1 vs SLM: 2.83

SLM Debt-to-Equity Historical Data

The historical data trend for SLM'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.

SLM Debt-to-Equity Chart

SLM Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.40

2.03

2.76

3.03

2.78

SLM 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															3.07	2.78	2.36	2.37	2.83

Competitive Comparison of SLM's Debt-to-Equity

For the Credit Services subindustry, SLM'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.

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

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

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

SLM Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SLM'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
	=	(0	+	5227.512)	/	1880.797
	=	2.78

SLM'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
	=	(0	+	6036.527)	/	2133.75
	=	2.83

SLM (NAS:SLM) 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.

SLM Debt-to-Equity Related Terms

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

SLM Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SLMBP.PFD:USA SM1:Germany

Address

300 Continental Drive, Newark, DE, USA, 19713

Website

https://www.salliemae.com

SLM Corp is the largest student lender in the country. It makes and holds student loans through the guaranteed Federal Family Education Loan Program as well as through private channels. It also engages in debt-management operations, including accounts receivable and collections services, and runs college savings programs.

Executives

Robert S. Strong	director	300 CONTINENTAL DR., NEWARK DE 19713
Richard Scott Blackley	director	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Nicolas Jafarieh	officer: SVP, General Counsel	SLM CORPORATION, 300 CONTINENTAL DRIVE, NEWARK DE 19713
Munish Pahwa	officer: Chief Risk Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Jonathan Boyles	officer: SVP & Controller	300 CONTINENTAL DRIVE., NEWARK DE 19713
Donna F Vieira	officer: EVP & Chief Marketing Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Peter M Graham	officer: EVP	150 CORPORATE BLVD, NORFOLK VA 23502
Steven Mcgarry	officer: Chief Financial Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Samuel Theron Ramsey	director	6612 SAIN MILLING ROAD, VALE NC 28168
Ted Manvitz	director	300 CONTINENTAL DRIVE, NEWARK DE 19713
Franke Mary Carter Warren	director	300 CONTINENTAL DRIVE, NEWARK DE 19713
Kerri A. Palmer	officer: EVP & Chief Risk and Comp Off	300 CONTINENTAL DRIVE, NEWARK DE 19713
Paul F Thome	officer: EVP & Chief Admin Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Daniel P Kennedy	officer: SVP, Chief Operational Officer	300 CONTINENTAL DRIVE, NEWARK DE 19713
Jonathan W. Witter	director, officer: CEO	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102