LexinFintech Holdings Balance Sheet Health
Financial Health criteria checks 5/6
LexinFintech Holdings has a total shareholder equity of CN¥9.7B and total debt of CN¥5.5B, which brings its debt-to-equity ratio to 56.3%. Its total assets and total liabilities are CN¥23.1B and CN¥13.4B respectively. LexinFintech Holdings's EBIT is CN¥1.9B making its interest coverage ratio 37.2. It has cash and short-term investments of CN¥2.6B.
Key information
56.3%
Debt to equity ratio
CN¥5.47b
Debt
Interest coverage ratio | 37.2x |
Cash | CN¥2.62b |
Equity | CN¥9.71b |
Total liabilities | CN¥13.43b |
Total assets | CN¥23.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1LFA's short term assets (CN¥18.5B) exceed its short term liabilities (CN¥12.3B).
Long Term Liabilities: 1LFA's short term assets (CN¥18.5B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 1LFA's net debt to equity ratio (29.3%) is considered satisfactory.
Reducing Debt: 1LFA's debt to equity ratio has reduced from 127.6% to 56.3% over the past 5 years.
Debt Coverage: 1LFA's debt is not well covered by operating cash flow (1.8%).
Interest Coverage: 1LFA's interest payments on its debt are well covered by EBIT (37.2x coverage).