What is the debt of GreenSky this year?
GreenSky has a debt level of 154.24 USD this year.
GreenSky Debt 2024
GreenSky Debt
154.24 USD
Ticker
GSKY
ISIN
US39572G1004
WKN
A2JMYQ
In 2024, GreenSky's total debt was 154.24 USD, a 0% change from the 0 USD total debt recorded in the previous year.
GreenSky Aktienanalyse
What does GreenSky do?
GreenSky Inc. is a FinTech company that was founded in 2006 by David Zalik. Initially, it offered a mobile app that provided home improvement loans for renovations of residential and commercial properties in the construction industry. Over the years, GreenSky has expanded beyond this niche. GreenSky operates as a type of loan intermediary, enabling banks and financial institutions to issue loans. Customers of GreenSky can apply for loans through the company's website or mobile app. If approved, the customer can receive money into their bank account within minutes to hours. The company also specializes in home improvement and construction, offering various loan products such as loans for kitchen or bathroom renovations or financing for roof repairs. GreenSky partners with hundreds of banks and financial institutions to provide this service. It operates on a B2B2C (Business to Business to Customer) model, offering its services to both businesses and end customers. GreenSky has also developed a mobile app that allows merchants to offer credit and loan options directly to their customers. For example, a bathroom remodeling company can offer its customers a credit solution without the customer having to contact a bank or go to the financial institution in person. In recent years, GreenSky has expanded into other areas, including lending for the healthcare sector. Doctors and clinics can offer loans to facilitate financing for medical treatments or procedures that the patient may not be able to pay for immediately. In addition, GreenSky also offers bridge loans for small businesses. These are short-term loans that allow entrepreneurs to cover their operating expenses while waiting for incoming payments from customers. The company is headquartered in Atlanta, Georgia, and employs over 1,000 employees. It also has offices in Kentucky, Arizona, Ohio, and Michigan. In 2018, GreenSky went public and raised over $800 million in its initial public offering. The company's stock is traded on the NASDAQ under the ticker symbol GSKY. In recent years, GreenSky has had both enthusiastic fans and critics. Some customers appreciate the easy application process and quick approval and funding options, while others complain about high interest rates and hidden fees. Despite this criticism, GreenSky has redefined and revolutionized the lending industry. The company utilizes technology to make the loan process easier and faster for both lenders and borrowers. Its collaboration with hundreds of banks and financial institutions also provides more competition and thus better prices for consumers. Answer: GreenSky Inc. is a FinTech company that offers home improvement loans and other loan products through partnerships with banks and financial institutions. It operates as a loan intermediary, simplifying the application and funding process for customers. The company has expanded into various sectors, including healthcare and small business lending. With its headquarters in Atlanta, Georgia, GreenSky has offices across several states. It went public in 2018 and has faced both positive and negative feedback from customers. Despite criticism, GreenSky has transformed the lending industry through technology and competition. GreenSky ist eines der beliebtesten Unternehmen auf Eulerpool.com.Debt Details
Understanding GreenSky's Debt Structure
GreenSky's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.
Year-to-Year Comparison
Analyzing GreenSky's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.
Impact on Investments
Investors pay close attention to GreenSky’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.
Interpreting Debt Fluctuations
Shifts in GreenSky’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.
Frequently Asked Questions about GreenSky stock
What was the debt of GreenSky compared to the previous year?
The debt of GreenSky has increased by 0% compared to the previous year dropped.
What are the consequences of high debt for investors in GreenSky?
High debt can pose a risk for investors of GreenSky, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.
What are the consequences of low debt for investors of GreenSky?
Low debt means that GreenSky has a strong financial position and is able to fulfill its obligations without overburdening its finances.
How does an increase in debt from GreenSky affect the company?
An increase in debt of GreenSky can adversely affect the financial condition of the company and result in a higher burden on its finances.
How does a reduction of debt of GreenSky affect the company?
A reduction in debt of GreenSky can strengthen the company's financial position and improve its ability to meet its financial obligations.
What are some factors that influence the debt of GreenSky?
Some factors that can influence the debt of GreenSky include investments, acquisitions, operating costs, and revenue development.
Why are the debts of GreenSky so important for investors?
The debts of GreenSky are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.
What strategic measures can GreenSky take to change the debt?
To change the debt, GreenSky can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.
How much dividend does GreenSky pay?
Over the past 12 months, GreenSky paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, GreenSky is expected to pay a dividend of 0 USD.
What is the dividend yield of GreenSky?
The current dividend yield of GreenSky is .
When does GreenSky pay dividends?
GreenSky pays a quarterly dividend. This is distributed in the months of .
How secure is the dividend of GreenSky?
GreenSky paid dividends every year for the past 0 years.
What is the dividend of GreenSky?
For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.
In which sector is GreenSky located?
GreenSky is assigned to the 'Information technology' sector.
Wann musste ich die Aktien von GreenSky kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of GreenSky from 11/20/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 11/20/2024.
When did GreenSky pay the last dividend?
The last dividend was paid out on 11/20/2024.
What was the dividend of GreenSky in the year 2023?
In the year 2023, GreenSky distributed 0 USD as dividends.
In which currency does GreenSky pay out the dividend?
The dividends of GreenSky are distributed in USD.
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Andere Kennzahlen von GreenSky
Our stock analysis for GreenSky Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of GreenSky Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
