SoFi Technologies Balance Sheet Health
Financial Health criteria checks 4/6
SoFi Technologies has a total shareholder equity of $6.1B and total debt of $3.2B, which brings its debt-to-equity ratio to 52%. Its total assets and total liabilities are $34.4B and $28.3B respectively.
Key information
52.0%
Debt to equity ratio
US$3.18b
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.35b |
| Equity | US$6.12b |
| Total liabilities | US$28.26b |
| Total assets | US$34.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6B0's short term assets ($29.6B) exceed its short term liabilities ($25.0B).
Long Term Liabilities: 6B0's short term assets ($29.6B) exceed its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: 6B0's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: 6B0's debt to equity ratio has reduced from 267.9% to 52% over the past 5 years.
Debt Coverage: 6B0's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 6B0's interest payments on its debt are well covered by EBIT.