Debt-to-Equity Ratio

A debt-to-equity ratio measures how much a company relies on borrowed money versus shareholder funding to run its operations; a ratio of 6.63x means OneMain has $6.63 of debt for every $1 of equity, indicating heavy leverage.

This is far above the sector median of 0.63x, placing the company in the 98th percentile among Financial Services peers — meaning virtually all competitors carry much less debt relative to equity. Trend data for this metric is not available, with both the year-over-year and quarter-over-quarter changes marked as N/A, so no direction can be inferred. The combination of a very high current level and the absence of trend information points to elevated financial risk from leverage, but without knowing whether that leverage is rising or falling, the risk profile remains static. This metric contradicts the overall NEUTRAL verdict because the extreme debt-to-equity ratio signals a level of risk that would normally justify a more cautious rating.

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