As of June 13, 2025, SoFi Technologies Inc (SOFI) reports a Current Ratio of 1.86.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of SoFi Technologies Inc's Current Ratio
Over recent years, SoFi Technologies Inc's Current Ratio has shown limited historical data. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 1.86 |
| 2023-12-31 | 5.78 |
This trend highlights how SoFi Technologies Inc manages its short-term assets and liabilities over time.
Comparing SoFi Technologies Inc's Current Ratio to Peers
To better understand SoFi Technologies Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| SoFi Technologies Inc (SOFI) | 1.86 |
| Firstcash Holdings Inc (FCFS) | 4.14 |
| OneMain Holdings Inc (OMF) | 2.91 |
| Ally Financial Inc (ALLY) | 1.86 |
| Synchrony Financial (SYF) | 1.86 |
| Discover Financial Services (DFS) | 1.14 |
Compared to its competitors, SoFi Technologies Inc's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.