LendingClub Balance Sheet Health
Financial Health criteria checks 3/6
LendingClub has a total shareholder equity of $1.3B and total debt of $262.6M, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are $9.2B and $9.6B respectively. LendingClub's EBIT is $86.7M making its interest coverage ratio 2.6. It has cash and short-term investments of $1.1B.
Key information
20.7%
Debt to equity ratio
US$262.55m
Debt
Interest coverage ratio | 2.6x |
Cash | US$1.07b |
Equity | US$1.27b |
Total liabilities | US$9.61b |
Total assets | US$9.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8LCA's short term assets ($5.9B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: 8LCA's short term assets ($5.9B) do not cover its long term liabilities ($8.0B).
Debt to Equity History and Analysis
Debt Level: 8LCA has more cash than its total debt.
Reducing Debt: 8LCA's debt to equity ratio has reduced from 57.4% to 20.7% over the past 5 years.
Debt Coverage: 8LCA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8LCA's interest payments on its debt are not well covered by EBIT (2.6x coverage).