Shift Technologies Liabilities 2024

Shift Technologies Aktienanalyse

What does Shift Technologies do?

Shift Technologies is a San Francisco-based company that was founded in 2013 by George Arison and Christian Ohler. The company specializes in online sales of used cars. Shift has a prominent presence in the USA and Europe and aims to simplify and make the process of buying used cars more transparent. The business model of Shift is based on brokering used cars. Customers can sell their cars on the company's website and receive a fair offer. The company evaluates the car online and gives the buyer a price that is higher than what they could achieve selling the car to dealers. The company follows the consignment strategy, meaning it does not directly buy the car but sells it on behalf of the owner. This allows Shift to achieve higher prices than they would through direct purchase. This strategy is still convenient for the seller, as they do not have to worry about anything. The company also has its own network of Shift Service Hubs. These hubs are service centers where cars are prepared before being handed over to buyers. They offer services such as inspection, cleaning, and repairs, ensuring that buyers receive reliable used cars. This increases the trust of buyers in the company and leads to more repeat purchases. While Shift Technologies operates in various industries, its main focus is on the sale of used cars. However, the company also offers a range of other services. For example, the company has a division called Shift Virtual Test Drive, which allows customers to virtually experience any car in the Shift fleet and get a sense of what they will be purchasing. Shift also has a premium division, Shift Luxe, which specifically offers luxury cars. This is a combination of Shift's core business and a concierge service platform that assists customers in finding and acquiring their luxury cars. Additionally, the company has a Shift Care division that focuses on vehicle care and maintenance. Shift Care offers a range of maintenance services to ensure that the cars are in top condition. Shift also has a Shift Finance division that offers financing options for car purchases. The company works with several financing institutions to offer customers various auto loans. In conclusion, Shift Technologies is an innovative and emerging company in the online used car sales industry. The company's business model has proven to be highly successful and it has expanded into several divisions to align its offerings with customer needs. Shift also has the potential to expand into other areas of the automotive business and explore new markets in the future. Shift Technologies ist eines der beliebtesten Unternehmen auf Eulerpool.com.

Liabilities Details

Assessing Shift Technologies's Liabilities

Shift Technologies'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 Shift Technologies's financial stability, operational efficiency, and long-term viability.

Year-to-Year Comparison

By comparing Shift Technologies'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

Shift Technologies'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 Shift Technologies’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 Shift Technologies stock

What is the level of liabilities of Shift Technologies this year?

Shift Technologies has a debt balance of 307.8 M USD this year.

What were the liabilities of Shift Technologies compared to the previous year?

The liabilities of Shift Technologies have increased by 5.96% increased compared to the previous year.

What are the consequences of high debt for investors of Shift Technologies?

High liabilities can pose a risk for investors of Shift Technologies, 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 Shift Technologies?

Low liabilities mean that Shift Technologies has a strong financial position and is able to meet its obligations without overburdening its finances.

How does an increase in liabilities of Shift Technologies affect the company?

An increase in liabilities of Shift Technologies 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 Shift Technologies affect the company?

A decrease in the liabilities of Shift Technologies 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 Shift Technologies?

Some factors that can influence the liabilities of Shift Technologies include investments, acquisitions, operating costs, and sales development.

Why is the level of liabilities of Shift Technologies so important for investors?

The liabilities of Shift Technologies 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 Shift Technologies take to modify the liabilities?

To change its liabilities, Shift Technologies 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 Shift Technologies pay?

Over the past 12 months, Shift Technologies paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Shift Technologies is expected to pay a dividend of 0 USD.

What is the dividend yield of Shift Technologies?

The current dividend yield of Shift Technologies is .

When does Shift Technologies pay dividends?

Shift Technologies pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Shift Technologies?

Shift Technologies paid dividends every year for the past 0 years.

What is the dividend of Shift Technologies?

For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Shift Technologies located?

Shift Technologies is assigned to the 'Cyclical consumption' sector.

Wann musste ich die Aktien von Shift Technologies kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Shift Technologies from 10/2/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 10/2/2024.

When did Shift Technologies pay the last dividend?

The last dividend was paid out on 10/2/2024.

What was the dividend of Shift Technologies in the year 2023?

In the year 2023, Shift Technologies distributed 0 USD as dividends.

In which currency does Shift Technologies pay out the dividend?

The dividends of Shift Technologies are distributed in USD.