Opendoor Technologies (OPEN) Debt Metrics
Market Cap: $739.87M
Avg Volume: 42.94M
Industry: Real Estate - Services
Sector: Real Estate
How much debt does Opendoor Technologies have?
According to Opendoor Technologies's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Opendoor Technologies's total debt stands at $378.00M. This is broken down into:
- Long-term debt: $391.00M
- Short-term debt: $2.00M
The company's net debt, which accounts for cash and cash equivalents, is $-293.00M. In terms of overall financial obligations, Opendoor Technologies's total liabilities amount to $2.41B.
Debt Ratios and Metrics
To better understand Opendoor Technologies's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.53 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 12.09% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: -2.41 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 34.65% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 34.65% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Opendoor Technologies's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$378.00M
Long-term Debt
$391.00M
Short-term Debt
$2.00M
Net Debt
$-293.00M
Total Liabilities
$2.41B
Interest Coverage
-2.41
Debt to Equity Ratio
0.53
Debt Ratio
12.09%
Opendoor Technologies Historical Debt Metrics
Opendoor Technologies Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $378.00M | $391.00M | $2.00M | $-293.00M | $2.41B | 0.53 | 12.09% | -2.41 | 34.65% | 34.65% |
| 2023 | $2.53B | $2.53B | $5.00M | $1.53B | $2.60B | 2.62 | 71.04% | -1.72 | 72.19% | 72.38% |
| 2022 | $5.40B | $4.02B | $1.38B | $4.26B | $5.52B | 4.97 | 81.72% | -2.22 | 78.56% | 83.26% |
| 2021 | $7.11B | $2.86B | $4.25B | $5.38B | $7.26B | 3.16 | 74.78% | -3.97 | 55.61% | 75.98% |
| 2020 | $549.13M | $183.00M | $367.00M | $-863.53M | $575.58M | 0.34 | 25.24% | -2.74 | 7.83% | 25.55% |
| 2019 | $1.50B | $410.46M | $1.09B | $1.09B | $2.96B | -2.04 | 67.13% | -2.25 | -97.56% | 195.84% |
| 2018 | $1.13B | $100.50M | $1.03B | $870.73M | $1.17B | 1.70 | 61.50% | -2.71 | 13.09% | 62.95% |
Related Metrics
Explore detailed financial metrics and analysis for OPEN.