OppFi (OPFI) Debt-to-Equity

: 33.45 (As of Dec. 2023)

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OppFi's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. OppFi's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $349.2 Mil. OppFi's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $10.4 Mil. OppFi's debt to equity for the quarter that ended in Dec. 2023 was 33.45.

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

OPFI' s Debt-to-Equity Range Over the Past 10 Years
Min: -736.07 Med: -15.6 Max: 33.45
Current: 33.45

During the past 5 years, the highest Debt-to-Equity Ratio of OppFi was 33.45. The lowest was -736.07. And the median was -15.60.

OPFI's Debt-to-Equity is ranked worse than
99.3% of 431 companies
in the Credit Services industry
Industry Median: 1.18 vs OPFI: 33.45

OppFi Debt-to-Equity Historical Data

The historical data trend for OppFi'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.

OppFi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

1.59

-32.80

-736.07

33.45

OppFi Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity											-736.07	241.82	46.71	31.53	33.45

Competitive Comparison

For the Credit Services subindustry, OppFi'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.

OppFi Debt-to-Equity Distribution

For the Credit Services industry and Financial Services sector, OppFi's Debt-to-Equity distribution charts can be found below:

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

OppFi Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OppFi's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 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	+	349.177)	/	10.44
	=	33.45

OppFi's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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	+	349.177)	/	10.44
	=	33.45

OppFi (NYSE:OPFI) 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.

OppFi Debt-to-Equity Related Terms

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

OppFi (OPFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » OppFi Inc (NYSE:OPFI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 East Randolph Street, Suite 3400, Chicago, IL, USA, 60601

Website

https://www.oppfi.com

OppFi Inc is a financial technology platform that powers banks to help the everyday consumer gain access to credit with digital specialty finance products.

Executives

Christopher J. Mckay	officer: Chief Risk & Analytics Officer	130 E. RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Pamela D. Johnson	officer: Chief Accounting Officer	130 E. RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Jocelyn Moore	director	222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116
Todd G. Schwartz	director, 10 percent owner	105 S. MAPLE STREET, ITASCA IL 60143
Theodore G Schwartz	director, 10 percent owner	C/O APAC CUSTOMER SERVICES, INC., SIX PARKWAY NORTH, DEERFIELD IL 60015
David Vennettilli	director	105 S. MAPLE STREET, ITASCA IL 60143
Blackstone Aqua Master Sub-fund, A Sub-fund Of Blackstone Global Master Fund Icav	10 percent owner	345 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10154
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Alternative Solutions L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE., NEW YORK NY 10154
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Blackstone Group Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I/ii Gp L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I L.p.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Christina M Favilla	director	400 RELLA BOULEVARD, MONTEBELLO NY 10901
Neville Crawley	officer: President	130 E. RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601