SoFi Historical Balance Sheet
SOFI Stock | USD 16.12 0.63 4.07% |
Trend analysis of SoFi Technologies balance sheet accounts such as Other Assets of 24.5 B, Net Receivables of 57.4 M, Common Stock Shares Outstanding of 690.5 M or Other Current Assets of 54.6 M provides information on SoFi Technologies' total assets, liabilities, and equity, which is the actual value of SoFi Technologies to its prevalent stockholders. By breaking down trends over time using SoFi Technologies balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining SoFi Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether SoFi Technologies is a good buy for the upcoming year.
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About SoFi Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of SoFi Technologies at a specified time, usually calculated after every quarter, six months, or one year. SoFi Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of SoFi Technologies and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which SoFi currently owns. An asset can also be divided into two categories, current and non-current.
SoFi Technologies Balance Sheet Chart
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Total Current Liabilities
Total Current Liabilities is an item on SoFi Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of SoFi Technologies are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Accounts Payable
An accounting item on the balance sheet that represents SoFi Technologies obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of SoFi Technologies are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most accounts from SoFi Technologies' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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 closely tied 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.As of now, SoFi Technologies' Other Assets are increasing as compared to previous years. The SoFi Technologies' current Other Current Assets is estimated to increase to about 54.6 M, while Total Current Liabilities is projected to decrease to under 311.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Liabilities | 10.0M | 202.7M | 233.1M | 244.8M | Total Current Liabilities | 497.8M | 117.8M | 362.2M | 311.7M |
SoFi Technologies balance sheet Correlations
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SoFi Technologies Account Relationship Matchups
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SoFi Technologies balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Current Liabilities | 161M | 486M | 497.8M | 117.8M | 362.2M | 311.7M | |
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 | 23.3B | 24.5B | |
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) | 52.0M | 54.6M | |
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 |
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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 closely tied 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.You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Consumer Finance space 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 0.12 | Revenue Per Share 2.472 | Quarterly Revenue Growth 0.341 | Return On Assets 0.0069 | Return On Equity 0.0372 |
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.