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Better Home & Finance Holding Co (Better Home & Finance Holding Co) Debt-to-Equity : 8.78 (As of Mar. 2024)


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What is Better Home & Finance Holding Co Debt-to-Equity?

Better Home & Finance Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $126.16 Mil. Better Home & Finance Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $543.96 Mil. Better Home & Finance Holding Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $76.29 Mil. Better Home & Finance Holding Co's debt to equity for the quarter that ended in Mar. 2024 was 8.78.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Better Home & Finance Holding Co's Debt-to-Equity or its related term are showing as below:

BETR' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.53   Med: 3.5   Max: 8.78
Current: 8.78

During the past 3 years, the highest Debt-to-Equity Ratio of Better Home & Finance Holding Co was 8.78. The lowest was -6.53. And the median was 3.50.

BETR's Debt-to-Equity is ranked worse than
98.35% of 1394 companies
in the Banks industry
Industry Median: 0.65 vs BETR: 8.78

Better Home & Finance Holding Co Debt-to-Equity Historical Data

The historical data trend for Better Home & Finance Holding Co's Debt-to-Equity 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.

* Premium members only.

Better Home & Finance Holding Co Debt-to-Equity Chart

Better Home & Finance Holding Co Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
3.50 -6.53 5.48

Better Home & Finance Holding Co Quarterly Data
Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only -4.49 -3.55 3.94 5.48 8.78

Competitive Comparison of Better Home & Finance Holding Co's Debt-to-Equity

For the Mortgage Finance subindustry, Better Home & Finance Holding Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Better Home & Finance Holding Co's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Better Home & Finance Holding Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Better Home & Finance Holding Co's Debt-to-Equity falls into.


Better Home & Finance Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Better Home & Finance Holding Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(126.218 + 545.846) / 122.6
=5.48

Better Home & Finance Holding Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(126.161 + 543.957) / 76.29
=8.78

* 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.

Better Home & Finance Holding Co  (NAS:BETR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Better Home & Finance Holding Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Better Home & Finance Holding Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Better Home & Finance Holding Co (Better Home & Finance Holding Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Better Home & Finance Holding Co (NAS:BETR) » Definitions » Debt-to-Equity
Comparable Companies
VEL GHI FMCC UWMC LDI OCN CNF SNFCA GHLD IOR COOP PFSI NSE:LICHSGFIN NSE:PNBHOUSING WD BOM:543335 TSX:FN LSE:OSB BOM:541988 BOM:511196
Traded in Other Exchanges
N/A
Address
175 Greenwich street, 3 World trade center, 57th floor, New York, NY, USA, 10007
Website
https://www.better.com
Better Home & Finance Holding Co is a digital-first homeownership company whose services included mortgage, real estate, title, and homeowners insurance. The company has combined technology innovation and fresh thinking with a deep customer focus with the goal to revolutionize the homeownership industry.
Executives
Activant Ventures Iii Opportunities Fund 6, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Sb Management Ltd 10 percent owner 9TH FLOOR, AL SILA TOWER, ADGM SQUARE, AL MARYAH ISLAND, ABU DHABI C0 NA
Riaz Valani director, 10 percent owner C/O OUSTER, INC., 350 TREAT AVENUE, SAN FRANCISCO CA 94110
Kevin J Ryan officer: Chief Financial Officer C/O WESLEY JESSEN VISIONCARE INC, 333 EAST HOWARD AVE, DES PLAINES IL 60018-5903
Vishal Garg director, 10 percent owner, officer: Chief Executive Officer C/O MRU HOLDINGS, INC., 1114 AVENUE OF THE AMERICAS, NEW YORK NY 10036
J. Calamari Nicholas officer: CAO and Senior Counsel 450 PARK AVE, STE. 2702, NEW YORK NY 10022
Activant Ventures Iii, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 1, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 2, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 3, Lp director, 10 percent owner 323 RAILROAD AVE., 2ND FLOOR, GREENWICH CT 06830
Activant Ventures Iii Opportunities Fund 4, Lp director, 10 percent owner 323 RAILROAD AVENUE, 2ND FLOOR, GREENWICH CT 06830
Softbank Group Corp 10 percent owner 1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Paula Tuffin officer: General Counsel and CCO 3 WORLD TRADE CENTER, 175 GREENWICH ST 57TH FLOOR, NEW YORK NY 10007
Svf Ii Beaver (de) Llc 10 percent owner 300 EL CAMINO REAL, MENLO PARK CA 94025
1/0 Mortgage Investment, Llc other: Shareholder 60 EAST 42ND STREET, SUITE 3014, NEW YORK NY 10165