Pagaya Technologies (Pagaya Technologies) LT-Debt-to-Total-Asset : 0.33 (As of Mar. 2024)

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What is Pagaya Technologies LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Pagaya Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.33.

Pagaya Technologies's long-term debt to total assets ratio increased from Mar. 2023 (0.24) to Mar. 2024 (0.33). It may suggest that Pagaya Technologies is progressively becoming more dependent on debt to grow their business.

Pagaya Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pagaya Technologies's LT-Debt-to-Total-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 LT-Debt-to-Total-Asset Chart

Pagaya Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.06

0.14

0.31

Pagaya Technologies Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.24	0.24	0.30	0.31	0.33

Pagaya Technologies LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	367.968	/	1208.376
	=	0.30

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

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	487.238	/	1483.187
	=	0.33

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

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Pagaya Technologies (Pagaya Technologies) Business Description

Industry

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