What is SoFi Technologies debt to equity ratio?
SoFi Technologies Debt to Equity Ratio: 0.9434 for Dec. 31, 2023.
What is a good debt-to-equity ratio for a tech company?
A good debt to equity ratio is around 1 to 1.5. However, the ideal debt to equity ratio will vary depending on the industry because some industries use more debt financing than others. Capital-intensive industries like the financial and manufacturing industries often have higher ratios that can be greater than 2.
Is SoFi financially stable?
Impressive growth, but still lacks profitability
Since going public in June 2020, SoFi has shown an impressive revenue growth, increasing from $565.53 million to $985 million in 2021, $1.57 billion in 2022 to $2.07 billion in 2023. This represents an impressive compound annual growth rate of 56.03% over the period.
Is SoFi in debt?
SoFi Technologies has a total shareholder equity of $5.6B and total debt of $5.2B, which brings its debt-to-equity ratio to 94.4%. Its total assets and total liabilities are $30.1B and $24.5B respectively.
What is a generally acceptable debt-to-equity ratio?
The ideal debt to equity ratio is 2:1. This means that at no given point of time should the debt be more than twice the equity because it becomes riskier to pay back and hence there is a fear of bankruptcy.
What is Apple's debt-to-equity ratio?
Apple has a total shareholder equity of $74.1B and total debt of $108.0B, which brings its debt-to-equity ratio to 145.8%. Its total assets and total liabilities are $353.5B and $279.4B respectively. Apple's EBIT is $118.7B making its interest coverage ratio 648.4. It has cash and short-term investments of $73.1B.
Is 7 a good debt-to-equity ratio?
What is a bad debt-to-equity ratio? When the ratio is more around 5, 6 or 7, that's a much higher level of debt, and the bank will pay attention to that. “It doesn't mean the company has a problem, but you have to look at why their debt load is so high,” says Lemieux.
What is the downside of SoFi?
What are the cons of SoFi? SoFi does not have any in-person branches you can bank at. Also, it has a hefty direct deposit requirement if you want to get the account opening bonus.
Is SoFi bank safe from collapse?
Not only does SoFi have standard FDIC backing, but customers can enroll in the SoFi Insured Deposit Program and get access to up to $2 million in FDIC coverage. And did we mention up to 4.60% APY on savings? Member FDIC.
Is SoFi Technologies a good buy?
SoFi Technologies has 29.30% upside potential, based on the analysts' average price target. Is SOFI a Buy, Sell or Hold? SoFi Technologies has a conensus rating of Hold which is based on 4 buy ratings, 8 hold ratings and 4 sell ratings.
Is SoFi bank in trouble?
SoFi Technologies' threat of distress is above 80% at the present time. It has very high chance of going through financial hardship in the upcoming years. Chance Of Bankruptcy shows the probability of financial distress over the next two years of operations under current economic and market conditions.
Is my money safe at SoFi?
SoFi takes your security very seriously. Upon depositing funds into your SoFi checking and, or savings accounts (including vaults), the balance is FDIC insured up to $250,000 per account holder across all deposit accounts. Joint accounts will be insured up to $500,000.
Will SoFi become profitable?
Buy SOFI Stock Now
SoFi may achieve positive GAAP earnings in Q4 2023. In 2024, organic growth through increased membership and cross-selling may counteract rate cut concerns. The potential for above-average revenue and outsized earnings growth could lead to a bullish outlook, aiming for levels last seen in 2021.
What is too high for debt to ratio?
Key takeaways
Debt-to-income ratio is your monthly debt obligations compared to your gross monthly income (before taxes), expressed as a percentage. A good debt-to-income ratio is less than or equal to 36%. Any debt-to-income ratio above 43% is considered to be too much debt.
What is too high of a debt to equity ratio?
Generally, a good debt-to-equity ratio is anything lower than 1.0. A ratio of 2.0 or higher is usually considered risky. If a debt-to-equity ratio is negative, it means that the company has more liabilities than assets—this company would be considered extremely risky.
Is 70 debt to equity ratio good?
For example, if a property is purchased with $1,000,000 in debt and $500,000 in equity, the debt to equity ratio is 2:1. Generally, a good ratio is 70% debt and 30% equity or 2.33:1, but this may vary depending on the type of property involved.
What is Amazon's debt-to-equity ratio?
Amazon.com, Inc. (AMZN) had Debt to Equity Ratio of 0.29 for the most recently reported fiscal year, ending 2023-12-31.
How much is Disney in debt?
Total debt on the balance sheet as of December 2023 : $47.69 B. According to Walt Disney's latest financial reports the company's total debt is $47.69 B. A company's total debt is the sum of all current and non-current debts.
What is the debt-to-equity ratio for Disney?
Debt Level: DIS's net debt to equity ratio (38.4%) is considered satisfactory.
What is a bad debt ratio?
The bad debt to sales ratio represents the fraction of uncollectible accounts receivables in a year compared to total sales. For example, if a company's revenue is $100,000 and it's unable to collect $3,000, the bad debt to sales ratio is (3,000/100,000=0.03).
Is 0 a good debt-to-equity ratio?
While this may sound like an attractive financial position, it's not necessarily always good. On the positive side, a zero debt-to-equity ratio can mean that a company has a strong financial position, is not burdened with debt payments, and has greater flexibility in its financial management.
Is a .9 debt-to-equity ratio good?
A low figure shows the company has good financial standing. Financial experts generally consider a debt-to-equity ratio of one or lower to be superb. Because a low debt-to-equity ratio means the company has low liabilities compared to its equity , it's a common characteristic for many successful businesses.
Is SoFi Technologies undervalued?
What is the Intrinsic Value of one SOFI stock? The intrinsic value of one SOFI stock under the Base Case scenario is 11.92 USD. Compared to the current market price of 6.93 USD, SoFi Technologies Inc is Undervalued by 42%.
Is SoFi a strong company?
SoFi was reporting some truly incredible growth rates for a while, but they've decelerated in the high-interest-rate environment. Revenue growth is still strong and steady, accelerating to a 35% year-over-year increase in the 2023 fourth quarter.
Is SoFi a safe loan company?
SoFi has an A+ rating with the Better Business Bureau, but it is not BBB-accredited. In 2021, the Consumer Financial Protection Bureau received 14 personal-loan-related complaints about SoFi. The most common issues were related to getting a loan. SoFi provided a timely response to all but one complaint.
