OMF (OneMain Holdings) Debt-to-Equity : 6.59 (As of Sep. 2024)

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What is OneMain Holdings Debt-to-Equity?

OneMain Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $176 Mil. OneMain Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $20,961 Mil. OneMain Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $3,208 Mil. OneMain Holdings's debt to equity for the quarter that ended in Sep. 2024 was 6.59.

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 OneMain Holdings's Debt-to-Equity or its related term are showing as below:

OMF' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.2 Med: 5.03 Max: 6.7
Current: 6.59

During the past 13 years, the highest Debt-to-Equity Ratio of OneMain Holdings was 6.70. The lowest was 3.20. And the median was 5.03.

OMF's Debt-to-Equity is ranked worse than
91.7% of 446 companies
in the Credit Services industry
Industry Median: 1.175 vs OMF: 6.59

OneMain Holdings Debt-to-Equity Historical Data

The historical data trend for OneMain Holdings'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.

OneMain Holdings Debt-to-Equity Chart

OneMain Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.98

5.17

5.74

6.06

6.22

OneMain Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															6.39	6.22	6.07	6.56	6.59

Competitive Comparison of OneMain Holdings's Debt-to-Equity

For the Credit Services subindustry, OneMain Holdings'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.

OneMain Holdings's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, OneMain Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where OneMain Holdings's Debt-to-Equity falls into.

OneMain Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OneMain Holdings'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
	=	(0	+	19813)	/	3186
	=	6.22

OneMain Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(176	+	20961)	/	3208
	=	6.59

OneMain Holdings (NYSE:OMF) 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.

OneMain Holdings Debt-to-Equity Related Terms

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OneMain Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » OneMain Holdings Inc (NYSE:OMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0S1:Germany 0S1:Germany

Address

601 N.W. Second Street, Evansville, IN, USA, 47708

Website

https://www.onemainfinancial.com

OneMain Holdings Inc is engaged in nonprime consumer finance companies in the United States and is one of only a few companies in the consumer installment lending industry. It formed after a transaction brought together two branch-based consumer finance companies with complementary strategies and locations. Its services include providing personal loan products, offering credit and noncredit insurance, servicing loans, pursuing strategic acquisitions and dispositions of assets and businesses, and on occasion, establishing joint ventures or forming strategic alliances. The company's one reportable segment is consumer and insurance. In addition to hundreds of branches, the company also has an online business. The main source of revenue is net interest income.

Executives

Douglas H. Shulman	director, officer: President and CEO	C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Michael A Hedlund	officer: principal accounting officer	C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Micah R. Conrad	officer: EVP and CFO	C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Rajive Chadha	officer: Chief Operating Officer & EVP	C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Toos Daruvala	director	12 SYCAMORE ROAD, SCARSDALE NY 10583
Philip Bronner	director	C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Uniform Investco Sub L.p.	other: See Remarks	C/O VARDE PARTNERS, 901 MARQUETTE AVENUE SOUTH, SUITE 3300, MINNEAPOLIS MN 55402
Apollo Management Holdings Gp, Llc	10 percent owner	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Phyllis R Caldwell	director	AMERICAN CAPITAL, LTD., 2 BETHESDA METRO CENTER, 12TH FLOOR, BETHESDA MD 20814
George G Hicks	other: See Remarks	901 MARQUETTE AVENUE SOUTH, SUITE 3300, MINNEAPOLIS MN 55402
Jay N. Levine	director, officer: President and CEO	C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Lisa Green Hall	director	C/O ONEMAIN HOLDINGS, INC., 601 N.W. SECOND STREET, EVANSVILLE IN 47708
Richard A Smith	director	175 PARK AVENUE, MADISON NJ 07940
Varde Investment Partners Ugp, Llc	other: See Remarks	C/O VARDE PARTNERS, 901 MARQUETTE AVENUE, SUITE 3300, MINNEAPOLIS MN 55402
Varde Skyway Fund Ugp, Llc	other: See Remarks	C/O VARDE PARTNERS, 901 MARQUETTE AVENUE, SUITE 3300, MINNEAPOLIS MN 55402