UWM Holdings (UWM Holdings) Debt-to-Equity : 26.38 (As of Dec. 2023)

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What is UWM Holdings Debt-to-Equity?

UWM Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $750.0 Mil. UWM Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,218.8 Mil. UWM Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $112.6 Mil. UWM Holdings's debt to equity for the quarter that ended in Dec. 2023 was 26.38.

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

UWMC' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.46 Med: 18.38 Max: 26.38
Current: 26.38

During the past 5 years, the highest Debt-to-Equity Ratio of UWM Holdings was 26.38. The lowest was 3.46. And the median was 18.38.

UWMC's Debt-to-Equity is ranked worse than
99.5% of 1394 companies
in the Banks industry
Industry Median: 0.68 vs UWMC: 26.38

UWM Holdings Debt-to-Equity Historical Data

The historical data trend for UWM Holdings'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.

UWM Holdings Debt-to-Equity Chart

UWM Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

3.46

15.94

20.83

26.38

UWM Holdings Quarterly Data
	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												20.83	56.70	22.43	20.67	26.38

Competitive Comparison of UWM Holdings's Debt-to-Equity

For the Mortgage Finance subindustry, UWM Holdings'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.

UWM Holdings's Debt-to-Equity Distribution in the Banks Industry

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

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

UWM Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

UWM Holdings'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
	=	(750	+	2218.783)	/	112.552
	=	26.38

UWM Holdings'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
	=	(750	+	2218.783)	/	112.552
	=	26.38

UWM Holdings (NYSE:UWMC) 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.

UWM Holdings Debt-to-Equity Related Terms

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

UWM Holdings (UWM Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » UWM Holdings Corp (NYSE:UWMC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

585 South Boulevard East, Pontiac, MI, USA, 48341

Website

https://www.uwm.com

UWM Holdings Corp engages in the origination, sale and servicing of residential mortgage loans. The company provides independent mortgage advisors across the states and the district of Columbia.

Executives

Robert Verdun	director	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Stacey Coopes	director	C/O UWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Kelly Czubak	director	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Alex Elezaj	director, officer: EVP, Chief Strategy Officer	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Laura Lawson	director, officer: EVP, Chief People Officer	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Andrew Hubacker	officer: CAO	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Tim Forrester	officer: EVP and CFO	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Melinda Wilner	director, officer: EVP, COO	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Ishbia Mat	director, 10 percent owner, officer: President and CEO	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Sfs Holding Corp	director, 10 percent owner	585 SOUTH BLVD E, PONTIAC MI 48341
Justin Ishbia	director	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Jeff Ishbia	director, 10 percent owner	C/OUWM HOLDINGS CORPORATION, 585 SOUTH BLVD E, PONTIAC MI 48341
Isiah Iii Thomas	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Jeffrey Gene Rea	director	C/O STOCK BUILDING SUPPLY HOLDINGS, INC., 8020 ARCO CORPORATE DRIVE, SUITE 400, RALEIGH NC 27617
Gores Sponsor Iv Llc	director, 10 percent owner	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212