SoFi Technologies (SoFi Technologies) Debt-to-Equity : 4.00 (As of Jul. 2020)

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What is SoFi Technologies Debt-to-Equity?

SoFi Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2020 was $0.08 Mil. SoFi Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2020 was $0.00 Mil. SoFi Technologies's Total Stockholders Equity for the quarter that ended in Jul. 2020 was $0.02 Mil. SoFi Technologies's debt to equity for the quarter that ended in Jul. 2020 was 4.00.

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:

SOFI's Debt-to-Equity is not ranked ^*
in the Credit Services industry.
Industry Median: 1.18
* Ranked among companies with meaningful Debt-to-Equity only.

SoFi Technologies Debt-to-Equity Historical Data

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.

* Premium members only.

SoFi Technologies Debt-to-Equity Chart

SoFi Technologies Annual Data

Trend

Dec20

Debt-to-Equity

SoFi Technologies Semi-Annual Data
	Jul20
Debt-to-Equity	4.00

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

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.

SoFi Technologies's Debt-to-Equity Distribution in the Credit Services Industry

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.

SoFi Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SoFi Technologies's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

SoFi Technologies's Debt to Equity Ratio for the quarter that ended in Jul. 2020 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
	=	(0.08	+	0)	/	0.02
	=	4.00

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.

SoFi Technologies Debt-to-Equity Related Terms

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SoFi Technologies (SoFi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (NAS:SOFI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

317 University Avenue, Suite 200, Palo Alto, CA, USA, 94301

Website

https://www.sofi.com

SoFi Technologies Inc helps people achieve financial independence to realize their ambitions. Its products include SoFi Money, SoFi Invest, Student Loan Refinancing, Private Student Loans, Personal Loans, Home Loans, SoFi Relay, SoFi Protect among others. The company's product gives over two million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people.