Pagaya Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Pagaya Technologies has a total shareholder equity of $617.0M and total debt of $653.9M, which brings its debt-to-equity ratio to 106%. Its total assets and total liabilities are $1.4B and $753.8M respectively.
Key information
106.0%
Debt to equity ratio
US$653.90m
Debt
| Interest coverage ratio | n/a |
| Cash | US$158.35m |
| Equity | US$617.03m |
| Total liabilities | US$753.75m |
| Total assets | US$1.37b |
Recent financial health updates
Recent updates
Pagaya Technologies Ltd. (NASDAQ:PGY) Just Reported, And Analysts Assigned A US$20.75 Price Target
Nov 15
Pagaya Technologies Ltd.'s (NASDAQ:PGY) Price Is Right But Growth Is Lacking After Shares Rocket 28%
Nov 08Pagaya Technologies (NASDAQ:PGY) May Have Issues Allocating Its Capital
Oct 24Pagaya Technologies: The Writing Is On The Wall (Rating Downgrade)
Sep 26Little Excitement Around Pagaya Technologies Ltd.'s (NASDAQ:PGY) Revenues
Sep 18Returns On Capital Signal Tricky Times Ahead For Pagaya Technologies (NASDAQ:PGY)
Jun 20Pagaya Technologies Ltd. (NASDAQ:PGY) Soars 30% But It's A Story Of Risk Vs Reward
May 22Pagaya: Everything Is Obvious In Hindsight (Rating Downgrade)
Apr 19Pagaya's Race Against Time
Mar 18Even With A 27% Surge, Cautious Investors Are Not Rewarding Pagaya Technologies Ltd.'s (NASDAQ:PGY) Performance Completely
Feb 23Pagaya Technologies (NASDAQ:PGY) Is Carrying A Fair Bit Of Debt
Feb 18Many Still Looking Away From Pagaya Technologies Ltd. (NASDAQ:PGY)
Dec 09Pagaya Technologies Ltd.'s (NASDAQ:PGY) Intrinsic Value Is Potentially 93% Above Its Share Price
Sep 09Financial Position Analysis
Short Term Liabilities: PGY's short term assets ($298.5M) exceed its short term liabilities ($254.5M).
Long Term Liabilities: PGY's short term assets ($298.5M) do not cover its long term liabilities ($499.3M).
Debt to Equity History and Analysis
Debt Level: PGY's net debt to equity ratio (80.3%) is considered high.
Reducing Debt: Insufficient data to determine if PGY's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PGY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PGY is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 5.3% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:58 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Pagaya Technologies Ltd. is covered by 10 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Palmer | Benchmark Company |
| Michael Legg | Benchmark Company |
| Harold Goetsch | B. Riley Securities, Inc. |