What is the level of liabilities of GreenSky this year?
GreenSky has a debt balance of 1.14 B USD this year.
GreenSky Liabilities 2024
GreenSky Liabilities
1.14 B USD
Ticker
GSKY
ISIN
US39572G1004
WKN
A2JMYQ
In 2024, GreenSky's total liabilities amounted to 1.14 B USD, a 0% difference from the 0 USD total liabilities 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.Liabilities Details
Assessing GreenSky's Liabilities
GreenSky's liabilities constitute the company's financial obligations and debts owed to external parties and stakeholders. They are categorized into current liabilities, due within a year, and long-term liabilities, which are due over a longer period. A detailed assessment of these liabilities is crucial for evaluating GreenSky's financial stability, operational efficiency, and long-term viability.
Year-to-Year Comparison
By comparing GreenSky's liabilities year-over-year, investors can identify trends, shifts, and anomalies in the company’s financial positioning. A decrease in total liabilities often signals financial strengthening, while an increase might indicate enhanced investments, acquisitions, or potential financial strain.
Impact on Investments
GreenSky's total liabilities play a significant role in determining the company's leverage and risk profile. Investors and analysts examine this aspect meticulously to ascertain the firm’s ability to meet its financial obligations, which influences investment attractiveness and credit ratings.
Interpreting Liability Fluctuations
Shifts in GreenSky’s liability structure indicate changes in its financial management and strategy. A reduction in liabilities reflects efficient financial management or debt payoffs, while an increase may suggest expansion, acquisition activities, or accruing operational expenses, each carrying distinct implications for investors.
Frequently Asked Questions about GreenSky stock
What were the liabilities of GreenSky compared to the previous year?
The liabilities of GreenSky have increased by 0% dropped compared to the previous year.
What are the consequences of high debt for investors of GreenSky?
High liabilities can pose a risk for investors of GreenSky, as they can weaken the company's financial position and impair its ability to meet its obligations.
What consequences do low liabilities have for investors in GreenSky?
Low liabilities mean that GreenSky has a strong financial position and is able to meet its obligations without overburdening its finances.
How does an increase in liabilities of GreenSky affect the company?
An increase in liabilities of GreenSky can lead to the company having more obligations and potentially find it more difficult to meet its financial commitments.
How does a reduction in the liabilities of GreenSky affect the company?
A decrease in the liabilities of GreenSky can lead to the company having fewer obligations and a stronger financial position, which can make it easier for the company to fulfill its financial commitments.
What are some factors that influence the liabilities of GreenSky?
Some factors that can influence the liabilities of GreenSky include investments, acquisitions, operating costs, and sales development.
Why is the level of liabilities of GreenSky so important for investors?
The liabilities of GreenSky are important for investors as they serve as an indicator of the company's financial stability and provide investors with information on how the company meets its financial obligations.
What strategic measures can GreenSky take to modify the liabilities?
To change its liabilities, GreenSky can take measures such as cost savings, increasing revenue, selling assets, raising investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to choose the best strategic actions.
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 9/20/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 9/20/2024.
When did GreenSky pay the last dividend?
The last dividend was paid out on 9/20/2024.
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.
