SoFi Long Term Debt vs Total Current Assets Analysis
| SOFI Stock | USD 7.37 0.25 3.51% |
SoFi Technologies financial indicator trend analysis is much more than just breaking down SoFi Technologies prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SoFi Technologies is a good investment. Please check the relationship between SoFi Technologies Long Term Debt and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoFi Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more detail on how to invest in SoFi Stock please use our How to Invest in SoFi Technologies guide.
Long Term Debt vs Total Current Assets
Long Term Debt vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SoFi Technologies Long Term Debt account and Total Current Assets. At this time, the significance of the direction appears to have almost no relationship.
The correlation between SoFi Technologies' Long Term Debt and Total Current Assets is 0.11. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of SoFi Technologies, assuming nothing else is changed. The correlation between historical values of SoFi Technologies' Long Term Debt and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of SoFi Technologies are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Long Term Debt i.e., SoFi Technologies' Long Term Debt and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.11 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that SoFi Technologies has held for over one year. Long-term debt appears on SoFi Technologies balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on SoFi Technologies balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from SoFi Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SoFi Technologies current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoFi Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more detail on how to invest in SoFi Stock please use our How to Invest in SoFi Technologies guide.The SoFi Technologies' current Sales General And Administrative To Revenue is estimated to increase to 0.42, while Tax Provision is projected to decrease to (436.8 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 355.0M | 773.4M | 2.1B | 2.2B | Net Interest Income | 252.2M | 584.1M | 1.3B | 1.3B |
SoFi Technologies fundamental ratios Correlations
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SoFi Technologies Account Relationship Matchups
High Positive Relationship
High Negative Relationship
SoFi Technologies fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Current Liabilities | 161M | 486M | 497.8M | 117.8M | 25.5M | 24.2M | |
| Other Liab | 6.0M | 10.6M | 10.0M | 202.7M | 233.1M | 244.8M | |
| Net Tangible Assets | (384.4M) | (1.4B) | 3.5B | 3.5B | 4.0B | 4.2B | |
| Retained Earnings | (474.6M) | (699.2M) | (1.2B) | (1.5B) | (1.8B) | (1.7B) | |
| Accounts Payable | 103.6M | 452.9M | 298.2M | 144.6M | 159.9M | 225.0M | |
| Other Assets | 5.6B | 5.4B | 6.3B | 14.9B | 24.1B | 25.3B | |
| Net Receivables | 21.3M | 50.3M | 85.5M | 127.1M | 60.5M | 57.4M | |
| Other Current Assets | 190.7M | (804.2M) | (812.7M) | (2.0B) | (4.2B) | (4.0B) | |
| Other Stockholder Equity | 135.5M | 579.2M | 5.6B | 6.7B | 7.0B | 3.7B | |
| Total Current Assets | 520.8M | 922.9M | 689.6M | 1.8B | 3.8B | 2.1B | |
| Property Plant Equipment | 143.2M | 174.6M | 227.1M | 149.7M | 172.1M | 155.7M |
Currently Active Assets on Macroaxis
When determining whether SoFi Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SoFi Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sofi Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sofi Technologies Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SoFi Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For more detail on how to invest in SoFi Stock please use our How to Invest in SoFi Technologies guide.Note that the SoFi Technologies information on this page should be used as a complementary analysis to other SoFi Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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When running SoFi Technologies' price analysis, check to measure SoFi Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SoFi Technologies is operating at the current time. Most of SoFi Technologies' value examination focuses on studying past and present price action to predict the probability of SoFi Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SoFi Technologies' price. Additionally, you may evaluate how the addition of SoFi Technologies to your portfolios can decrease your overall portfolio volatility.
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Is SoFi Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SoFi Technologies. If investors know SoFi will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SoFi Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Revenue Per Share 2.339 | Quarterly Revenue Growth 0.375 | Return On Assets (0.01) | Return On Equity (0.03) |
The market value of SoFi Technologies is measured differently than its book value, which is the value of SoFi that is recorded on the company's balance sheet. Investors also form their own opinion of SoFi Technologies' value that differs from its market value or its book value, called intrinsic value, which is SoFi Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SoFi Technologies' market value can be influenced by many factors that don't directly affect SoFi Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SoFi Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if SoFi Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SoFi Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.