Pagaya Technologies (Pagaya Technologies) Debt-to-Equity : 0.74 (As of Dec. 2023)

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What is Pagaya Technologies Debt-to-Equity?

Pagaya Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $44.6 Mil. Pagaya Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $368.0 Mil. Pagaya Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $559.7 Mil. Pagaya Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.74.

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 Pagaya Technologies's Debt-to-Equity or its related term are showing as below:

PGY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.38 Max: 0.74
Current: 0.74

During the past 4 years, the highest Debt-to-Equity Ratio of Pagaya Technologies was 0.74. The lowest was 0.12. And the median was 0.38.

PGY's Debt-to-Equity is ranked worse than
79.54% of 2224 companies
in the Software industry
Industry Median: 0.21 vs PGY: 0.74

Pagaya Technologies Debt-to-Equity Historical Data

The historical data trend for Pagaya Technologies'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.

Pagaya Technologies Debt-to-Equity Chart

Pagaya Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.12

0.38

0.74

Pagaya Technologies Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.38	0.59	0.60	0.78	0.74

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

For the Software - Infrastructure subindustry, Pagaya Technologies'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.

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

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

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

Pagaya Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pagaya Technologies'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
	=	(44.616	+	367.968)	/	559.721
	=	0.74

Pagaya Technologies's Debt to Equity Ratio for the quarter 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
	=	(44.616	+	367.968)	/	559.721
	=	0.74

Pagaya Technologies (NAS:PGY) 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.

Pagaya Technologies Debt-to-Equity 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-Equity

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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.