What does current ratio mean?

Whether the company has enough short-term assets to cover its short-term bills.

How do you interpret current ratio?

Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.

How does current ratio compare across companies?

Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.

SoFi Technologies, Inc. SOFI Current ratio

Discontinued — last reported Q1 '21

Current ratio at other companies

Robinhood Markets, Inc.HOOD

1.2×-0.1×

Fidelity National Information ServicesFIS

0.6×0.0×

SS&C TechnologiesSSNC

1.1×0.0×

Global PaymentsGPN

0.8×-0.2×

CognizantCTSH

2.2×0.0×

Hewlett Packard EnterpriseHPE

1.1×-0.2×

Other financials

Income statement

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Revenue$1.1B+42.6%

Gross profit$929.2M+46.1%

Net income$166.7M+134%

EPS (diluted)$0.12+100%

Balance sheet

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Cash & equivalents$3.8B+38.5%

Total debt$1.9B-39.0%

Total equity$10.8B+61.9%

Total assets$53.7B+42.3%

Cash flow

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Operating cash flow-$2.3B-10,866%

CapEx$67.6M+28.4%

Free cash flow-$2.4B-7,560%

Valuation

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Market cap$22.35B+58.8%

Enterprise value$20.5B+39.7%

P/E38.7×+9.5×

P/S5.7×+0.6×

Profitability

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Gross margin83.6%+1.4pp

Net margin14.6%-2.6pp

Returns & leverage

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Return on equity6.6%-1.1pp

Debt / equity0.2×-0.3×

Where this comes from

Calculated from SoFi Technologies, Inc.’s reported figures.

total current assets/total current liabilities=0.2×

Based on the most recent quarter.

The official record: SoFi Technologies, Inc.’s 10-Q, filed May 10, 2022, on SEC EDGAR. View the filing →

Questions, answered.

What does current ratio mean?: Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?: Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?: Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.