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SOFI (SoFi Technologies) Debt-to-Equity : 0.54 (As of Sep. 2024)


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What is SoFi Technologies Debt-to-Equity?

SoFi Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $486 Mil. SoFi Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2,796 Mil. SoFi Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $6,121 Mil. SoFi Technologies's debt to equity for the quarter that ended in Sep. 2024 was 0.54.

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: 0.49   Med: 0.91   Max: 2.42
Current: 0.54

During the past 6 years, the highest Debt-to-Equity Ratio of SoFi Technologies was 2.42. The lowest was 0.49. And the median was 0.91.

SOFI's Debt-to-Equity is ranked better than
65.31% of 441 companies
in the Credit Services industry
Industry Median: 1.1 vs SOFI: 0.54

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 Debt-to-Equity Chart

SoFi Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 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 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.18 0.97 0.49 0.54 0.54

Competitive Comparison of SoFi Technologies's Debt-to-Equity

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

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

SoFi Technologies's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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.


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 Business Description

Traded in Other Exchanges
Address
234 1st Street, San Francisco, CA, USA, 94105
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
Slta Iv (gp), L.l.c. director C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
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
Investment Authority Qatar director P.O. BOX 23224, DOHA S3 QATAR
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