FOA (Finance of America) LT-Debt-to-Total-Asset : 0.93 (As of Sep. 2024)

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What is Finance of America LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Finance of America's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.93.

Finance of America's long-term debt to total assets ratio declined from Sep. 2023 (0.94) to Sep. 2024 (0.93). It may suggest that Finance of America is progressively becoming less dependent on debt to grow their business.

Finance of America LT-Debt-to-Total-Asset Historical Data

The historical data trend for Finance of America's LT-Debt-to-Total-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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Finance of America LT-Debt-to-Total-Asset Chart

Finance of America Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.79

0.78

0.90

0.94

Finance of America Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.94	0.94	0.93	0.94	0.93

Finance of America LT-Debt-to-Total-Asset Calculation

Finance of America's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	25358.399	/	27107.59
	=	0.94

Finance of America's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	26937.716	/	28950.384
	=	0.93

Finance of America (NYSE:FOA) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Finance of America LT-Debt-to-Total-Asset Related Terms

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Finance of America Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Finance of America Companies Inc (NYSE:FOA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

5830 Granite Parkway, Suite 400, Plano, TX, USA, 75024

Website

https://www.financeofamerica.com

Finance of America Companies Inc is a financial services holding company that, through its operating subsidiaries, is a modern retirement solutions platform that provides customers with access to an range of retirement offerings centered on the home. In addition, FoA offers capital markets and portfolio management capabilities to optimize the distribution of its originated loans to investors. It operates through two segments: Retirement Solutions and Portfolio Management. It generates the majority of its revenue from Retirement Solutions.

Executives

Kristen N Sieffert	officer: President	C/O FINANCE OF AMERICA COMPANIES INC., 5830 GRANITE PARKWAY, SUITE 400, PLANO TX 75024
Reza Jahangiri	10 percent owner	C/O AMERICAN ADVISORS GROUP, INC., 18200 VON KARMAN AVENUE, SUITE 300, IRVINE CA 92612
Bloom Retirement Holdings Inc.	10 percent owner	3800 W. CHAPMAN AVENUE, THIRD FLOOR, ORANGE CA 92868
Lauren Richmond	officer: Chief Legal Officer	C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039
Blackstone Tactical Opportunities Fund - S - Nq L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Associates - Nq L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Edmond Safra	10 percent owner	C/O REPLAY ACQUISITION CORP., 767 FIFTH AVENUE, 46TH FLOOR, NEW YORK NY 10153
D1 Capital Partners L.p.	10 percent owner	9 WEST 57TH STREET, 36TH FLOOR, NEW YORK NY 10019
Patricia Cook	director, officer: Chief Executive Officer	C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039
Graham Fleming	officer: President	C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039
Brian L Libman	director, 10 percent owner	CLAYTON HOLDINGS, INC., 2 CORPORATE DRIVE, SHELTON CT 06484
Johan Gericke	officer: EVP, Chief Financial Officer	C/O FINANCE OF AMERICA COMPANIES INC., 909 LAKE CAROLYN PARKWAY, SUITE 1550, IRVING TX 75039
Blackstone Tactical Opportunities Fund - O - Nq L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Fund - L - Nq L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Fund - N - Nq L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154