Opendoor Technologies (MEX:OPEN1) LT-Debt-to-Total-Asset : 0.60 (As of Dec. 2024)

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What is Opendoor Technologies 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. Opendoor Technologies's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.60.

Opendoor Technologies's long-term debt to total assets ratio declined from Dec. 2023 (0.71) to Dec. 2024 (0.60). It may suggest that Opendoor Technologies is progressively becoming less dependent on debt to grow their business.

Opendoor Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Opendoor Technologies'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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Opendoor Technologies LT-Debt-to-Total-Asset Chart

Opendoor Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.08

0.30

0.61

0.71

0.60

Opendoor Technologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.71	0.71	0.63	0.55	0.60

Opendoor Technologies LT-Debt-to-Total-Asset Calculation

Opendoor Technologies's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	39271.283	/	65194.918
	=	0.60

Opendoor Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	39271.283	/	65194.918
	=	0.60

Opendoor Technologies (MEX:OPEN1) 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.

Opendoor Technologies LT-Debt-to-Total-Asset Related Terms

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Opendoor Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Opendoor Technologies Inc (MEX:OPEN1) » Definitions » LT-Debt-to-Total-Asset

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OPEN:USA 25M:Germany

Address

410 N. Scottsdale Road, Suite 1600, Tempe, AZ, USA, 85288

Website

https://www.opendoor.com

Opendoor Technologies Inc is an end-to-end real estate platform enabling customers to sell and buy a home online. Its product offerings include Sell to Opendoor, its core product where sellers sell their homes directly to the company, and it resells those homes to buyers; List with Opendoor, for customers to list their homes with a partner agent; and Opendoor Marketplace, a capital light marketplace offering that connects home sellers with both institutional and retail buyers. In addition to these products, the company also offers its customers integrated title insurance and escrow services through its subsidiaries. A vast majority of the company's revenue is generated by its core product offering, where it acquires homes directly from sellers and resells those homes to buyers.

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