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Opendoor Technologies (Opendoor Technologies) Debt-to-Equity : 2.62 (As of Dec. 2023)


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What is Opendoor Technologies Debt-to-Equity?

Opendoor Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5 Mil. Opendoor Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,529 Mil. Opendoor Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $967 Mil. Opendoor Technologies's debt to equity for the quarter that ended in Dec. 2023 was 2.62.

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 Opendoor Technologies's Debt-to-Equity or its related term are showing as below:

OPEN' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.04   Med: 2.62   Max: 4.97
Current: 2.62

During the past 6 years, the highest Debt-to-Equity Ratio of Opendoor Technologies was 4.97. The lowest was -2.04. And the median was 2.62.

OPEN's Debt-to-Equity is ranked worse than
88.89% of 1584 companies
in the Real Estate industry
Industry Median: 0.76 vs OPEN: 2.62

Opendoor Technologies Debt-to-Equity Historical Data

The historical data trend for Opendoor 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.

Opendoor Technologies Debt-to-Equity Chart

Opendoor Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial -2.04 0.35 3.16 4.97 2.62

Opendoor Technologies Quarterly Data
Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.97 3.86 2.83 2.80 2.62

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

For the Real Estate Services subindustry, Opendoor 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.


Opendoor Technologies's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Opendoor Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Opendoor Technologies's Debt-to-Equity falls into.



Opendoor Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Opendoor Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Opendoor Technologies's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.


Opendoor Technologies  (NAS:OPEN) 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.


Opendoor Technologies Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Opendoor Technologies's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Opendoor Technologies (Opendoor Technologies) Business Description

Traded in Other Exchanges
Address
410 N. Scottsdale Road, Suite 1600, Tempe, AZ, USA, 85281
Opendoor Technologies Inc is a digital platform for residential real estate. This platform enables customers to buy and sell houses online. It generates revenue through home sales, along with other revenue from real estate services.
Executives
Megan D. Meyer officer: President, Sell Direct & Svcs. C/O OPENDOOR TECHNOLOGIES, INC., 410 N. SCOTTSDALE ROAD, SUITE 1600, TEMPE AZ 85281
Christina Schwartz officer: See Remarks C/O OPENDOOR TECHNOLOGIES, INC., 410 N. SCOTTSDALE ROAD, SUITE 1600, TEMPE AZ 85281
Sydney Schaub officer: Chief Legal Officer OPENDOOR TECHNOLOGIES INC., 410 N. SCOTTSDALE ROAD, SUITE 1600, TEMPE AZ 85281
Carrie Wheeler officer: CFO 500 VOLVO PARKWAY, CHESAPEAKE VA 23320
Dana Hamilton director C/O ARCHSTONE-SMITH TRUST, 9200 E. PANORAMA CIRCLE, SUITE 400, ENGLEWOOD CO 80112
Eric Chung-wei Wu director, officer: CEO C/O OPENDOOR TECHNOLOGIES INC., 1 POST STREET, FLOOR 11, SAN FRANCISCO CA 94104
Daniel Morillo officer: Chief Investment Officer C/O OPENDOOR TECHNOLOGIES INC., 1 POST STREET, FLOOR 11, SAN FRANCISCO CA 94104
Low Ah Kee Andrew officer: President C/O GODADDY INC., 14455 N. HAYDEN RD., SCOTTSDALE AZ 85260
Glenn Solomon director C/O GGV CAPITAL, 3000 SAND HILL ROAD, SUITE 4-230, MENLO PARK CA 94025
Pueo Keffer director C/O OPENDOOR TECHNOLOGIES INC., 1 POST STREET, FLOOR 11, SAN FRANCISCO CA 94104
Svf Excaliber (cayman) Ltd 10 percent owner 27 HOSPITAL ROAD, WALKERS CORPORATE LTD., CAYMAN CORPORATE CENTRE, GEORGE TOWN, GRAND CAYMAN E9 KY-9008
Elizabeth Ann Stevens officer: Head of Legal C/O OPENDOOR TECHNOLOGIES INC., 1 POST STREET, FLOOR 11, SAN FRANCISCO CA 94104
Rice E. John Jr director 7272 WISCONSIN AVENUE, SUITE 1300, BETHESDA MD 20814
Jason Kilar director 208 S. AKARD ST, DALLAS TX 75202
Jonathan M Jaffe director LENNAR CORPORATION, 700 NW 107 AVE 4TH FLR, MIAMI FL 33172