SoFi Technologies (STU:6B0) Debt-to-Revenue : 1.28 (As of Mar. 2024)

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What is SoFi Technologies Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

SoFi Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €447 Mil. SoFi Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €2,314 Mil. SoFi Technologies's annualized Revenue for the quarter that ended in Mar. 2024 was €2,156 Mil. SoFi Technologies's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 1.28.

SoFi Technologies Debt-to-Revenue Historical Data

The historical data trend for SoFi Technologies's Debt-to-Revenue 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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SoFi Technologies Debt-to-Revenue Chart

SoFi Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Revenue

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11.49

8.94

4.26

3.58

2.54

SoFi Technologies Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Revenue	Get a 7-Day Free Trial													3.31	3.32	2.96	2.23	1.28

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

For the Credit Services subindustry, SoFi Technologies's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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-Revenue Distribution in the Credit Services Industry

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

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

SoFi Technologies Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

SoFi Technologies's Debt-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(445.662	+	4471.872)	/	1933.233
	=	2.54

SoFi Technologies's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(447.12	+	2313.802)	/	2155.748
	=	1.28

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Mar. 2024) Revenue data.

SoFi Technologies Debt-to-Revenue Related Terms

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SoFi Technologies (STU:6B0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » SoFi Technologies Inc (STU:6B0) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

SOFI:USA SOFI:Mexico 6B0:Germany

Address

234 1st Street, San Francisco, CA, USA, 94105

Website

https://www.sofi.com

SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.

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