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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:
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.
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.
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 | 1.18 | 0.97 | 0.49 | 0.54 | 0.54 |
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.
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.
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 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 | |
= | (486 | + | 2795.891) | / | 6121.481 | |
= | 0.54 |
* 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.
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.
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 |
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