Pagaya Technologies (Pagaya Technologies) Debt-to-Asset : 0.41 (As of Mar. 2024)

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What is Pagaya Technologies Debt-to-Asset?

Pagaya Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $127.5 Mil. Pagaya Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $487.2 Mil. Pagaya Technologies's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was $1,483.2 Mil. Pagaya Technologies's debt to asset for the quarter that ended in Mar. 2024 was 0.41.

Pagaya Technologies Debt-to-Asset Historical Data

The historical data trend for Pagaya Technologies's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Pagaya Technologies Debt-to-Asset Chart

Pagaya Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.06

0.20

0.34

Pagaya Technologies Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial								0.29	0.30	0.34	0.34	0.41

Competitive Comparison of Pagaya Technologies's Debt-to-Asset

For the Software - Infrastructure subindustry, Pagaya Technologies's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pagaya Technologies's Debt-to-Asset Distribution in the Software Industry

For the Software industry and Technology sector, Pagaya Technologies's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Pagaya Technologies's Debt-to-Asset falls into.

Pagaya Technologies Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Pagaya Technologies's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(44.616	+	367.968)	/	1208.376
	=	0.34

Pagaya Technologies's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(127.467	+	487.238)	/	1483.187
	=	0.41

Pagaya Technologies (NAS:PGY) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Pagaya Technologies Debt-to-Asset Related Terms

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Pagaya Technologies (Pagaya Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pagaya Technologies Ltd (NAS:PGY) » Definitions » Debt-to-Asset

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Traded in Other Exchanges

N/A

Address

Derech Menachem Begin 121, Azrieli Sarona Building, 54th Floor, Tel-Aviv, ISR, 6701203

Website

https://www.pagaya.com

Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit.