Redfin (Redfin) LT-Debt-to-Total-Asset : 0.73 (As of Dec. 2023)

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What is Redfin 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. Redfin's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.73.

Redfin's long-term debt to total assets ratio increased from Dec. 2022 (0.71) to Dec. 2023 (0.73). It may suggest that Redfin is progressively becoming more dependent on debt to grow their business.

Redfin LT-Debt-to-Total-Asset Historical Data

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

Redfin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.40

0.63

0.71

0.73

Redfin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.71	0.71	0.67	0.74	0.73

Redfin LT-Debt-to-Total-Asset Calculation

Redfin'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 )
	=	842.237	/	1153.648
	=	0.73

Redfin's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	842.237	/	1153.648
	=	0.73

Redfin (NAS:RDFN) 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.

Redfin LT-Debt-to-Total-Asset Related Terms

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Redfin (Redfin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Redfin Corp (NAS:RDFN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

R6G:Germany R2DF34:Brazil

Address

1099 Stewart Street, Suite 600, Seattle, WA, USA, 98101

Website

https://www.redfin.com

Redfin Corp is a residential real estate broker. It pairs their own agents with the technology to create a service that is faster and costs less. The company meet customers through listings-search website and mobile application. The company uses same combination of technology and local service to originate mortgage loans and offer title and settlement services. It has four reportable segment which are real estate services, properties, rentals, and mortgage. The company generates majority of the revenue from Real estate services.

Executives

Christopher John Nielsen	officer: Chief Financial Officer	C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Bridget Frey	officer: Chief Technology Officer	C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Anna Stevens	officer: Chief Human Resources Officer	3400 CUMBERLAND BOULEVARD, ATLANTA GA 30339
Anthony Ray Kappus	officer: Chief Legal Officer	C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Christian John Taubman	officer: Chief Product Officer	C/O REDFIN CORPORATION, 1099 STEWART STREET SUITE 600, SEATTLE WA 98101
James Slavet	director	C/O DFJ VENTURE CAPITAL, 2882 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Glenn Kelman	director, officer: See Remarks	500 SANSOME STREET, SAN FRANCISCO CA 94111
David H Lissy	director	C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459
Bradley E Singer	director	ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Mylod Robert J Jr	director
Scott Nagel	officer: See Remarks	C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Adam Wiener	officer: Chief Growth Officer	C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Selina Tobaccowala	director	C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Kerry D Chandler	director	1020 HULL STREET, BALTIMORE MD 21230
Robert J Bass	director	C/O GROUPON, INC., 600 WEST CHICAGO AVENUE, SUITE 620, CHICAGO IL 60654