SoFi Technologies (SoFi Technologies) Liabilities-to-Assets : 0.85 (As of Jul. 2020)

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What is SoFi Technologies Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. SoFi Technologies's Total Liabilities for the quarter that ended in Jul. 2020 was $0.11 Mil. SoFi Technologies's Total Assets for the quarter that ended in Jul. 2020 was $0.13 Mil. Therefore, SoFi Technologies's Liabilities-to-Assets Ratio for the quarter that ended in Jul. 2020 was 0.85.

SoFi Technologies Liabilities-to-Assets Historical Data

The historical data trend for SoFi Technologies's Liabilities-to-Assets 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 Liabilities-to-Assets Chart

SoFi Technologies Annual Data

Trend

Dec20

Liabilities-to-Assets

0.16

SoFi Technologies Semi-Annual Data
	Jul20
Liabilities-to-Assets	0.85

Competitive Comparison of SoFi Technologies's Liabilities-to-Assets

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

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

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

SoFi Technologies Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

SoFi Technologies's Liabilities-to-Assets Ratio for the fiscal year that ended in . 20 is calculated as:

Liabilities-to-Assets (A: . 20 )	=	Total Liabilities	/	Total Assets
	=		/
	=	N/A

SoFi Technologies's Liabilities-to-Assets Ratio for the quarter that ended in Jul. 2020 is calculated as

Liabilities-to-Assets (Q: Jul. 2020 )	=	Total Liabilities	/	Total Assets
	=	0.11	/	0.13
	=	0.85

SoFi Technologies (NAS:SOFI) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

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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 » Liabilities-to-Assets

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.