SoFi Technologies (STU:6B0) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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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 Mar. 2024 was 0.08.

SoFi Technologies's long-term debt to total assets ratio declined from Mar. 2023 (0.26) to Mar. 2024 (0.08). It may suggest that SoFi Technologies is progressively becoming less dependent on debt to grow their business.

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

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.68

0.53

0.40

0.27

0.16

SoFi Technologies Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.26	0.24	0.21	0.16	0.08

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 Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	4471.872	/	27578.645
	=	0.16

SoFi Technologies's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	2313.802	/	28801.299
	=	0.08

SoFi Technologies (STU:6B0) 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.

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

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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