SoFi Technologies (SoFi Technologies) LT-Debt-to-Total-Asset : 0.00 (As of Jul. 2020)

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What is SoFi Technologies LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. SoFi Technologies's long-term debt to total assests ratio for the quarter that ended in Jul. 2020 was 0.00.

SoFi Technologies's long-term debt to total assets ratio stayed the same from . 20 (0.00) to Jul. 2020 (0.00).

SoFi Technologies LT-Debt-to-Total-Asset Historical Data

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

SoFi Technologies Annual Data

Trend

Dec20

LT-Debt-to-Total-Asset

SoFi Technologies Semi-Annual Data
	Jul20
LT-Debt-to-Total-Asset	-

SoFi Technologies LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

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

LT Debt to Total Assets (Q: Jul. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jul. 2020 )	/	Total Assets (Q: Jul. 2020 )
	=	0	/	0.13
	=

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

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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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 » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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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.