SoFi Technologies (SoFi Technologies) Debt-to-Asset : 0.62 (As of Jul. 2020)

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What is SoFi Technologies Debt-to-Asset?

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 Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jul. 2020 was $0.13 Mil. SoFi Technologies's debt to asset for the quarter that ended in Jul. 2020 was 0.62.

SoFi Technologies Debt-to-Asset Historical Data

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

SoFi Technologies Annual Data

Trend

Dec20

Debt-to-Asset

SoFi Technologies Semi-Annual Data
	Jul20
Debt-to-Asset	0.62

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

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

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

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

SoFi Technologies Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

SoFi Technologies's Debt-to-Asset for the fiscal year that ended in . 20 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(	+	)	/
	=	N/A

SoFi Technologies's Debt-to-Asset for the quarter that ended in Jul. 2020 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0.08	+	0)	/	0.13
	=	0.62

SoFi Technologies (NAS:SOFI) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

SoFi Technologies Debt-to-Asset 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-Asset

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.