Open Lending Balance Sheet Health
Financial Health criteria checks 5/6
Open Lending has a total shareholder equity of $220.5M and total debt of $141.5M, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are $395.7M and $175.2M respectively. Open Lending's EBIT is $4.9M making its interest coverage ratio -4.9. It has cash and short-term investments of $250.2M.
Key information
64.2%
Debt to equity ratio
US$141.50m
Debt
| Interest coverage ratio | -4.9x |
| Cash | US$250.23m |
| Equity | US$220.46m |
| Total liabilities | US$175.24m |
| Total assets | US$395.71m |
Recent financial health updates
No updates
Recent updates
Things Look Grim For Open Lending Corporation (NASDAQ:LPRO) After Today's Downgrade
Nov 13
Earnings Miss: Open Lending Corporation Missed EPS By 78% And Analysts Are Revising Their Forecasts
Nov 10Open Lending Corporation Just Missed Earnings - But Analysts Have Updated Their Models
Aug 14Open Lending Corporation's (NASDAQ:LPRO) Stock Retreats 27% But Earnings Haven't Escaped The Attention Of Investors
Apr 13There's Reason For Concern Over Open Lending Corporation's (NASDAQ:LPRO) Price
Feb 06These Analysts Think Open Lending Corporation's (NASDAQ:LPRO) Sales Are Under Threat
Nov 09Improved Earnings Required Before Open Lending Corporation (NASDAQ:LPRO) Shares Find Their Feet
Dec 21Some Open Lending Corporation (NASDAQ:LPRO) Analysts Just Made A Major Cut To Next Year's Estimates
Nov 07Open Lending appoints Keith Jezek as CEO
Oct 06News Flash: 11 Analysts Think Open Lending Corporation (NASDAQ:LPRO) Earnings Are Under Threat
Aug 06Open Lending stock slides 9% after Morgan Stanley downgrades on headwinds
Jul 25JMP cuts PT on Open Lending, reiterates Market Outperform rating
Jul 13Open Lending: Steady And Secure Growth
Apr 27Financial Position Analysis
Short Term Liabilities: LPRO's short term assets ($294.7M) exceed its short term liabilities ($31.3M).
Long Term Liabilities: LPRO's short term assets ($294.7M) exceed its long term liabilities ($144.0M).
Debt to Equity History and Analysis
Debt Level: LPRO has more cash than its total debt.
Reducing Debt: LPRO's debt to equity ratio has increased from 7.2% to 64.2% over the past 5 years.
Debt Coverage: LPRO's debt is well covered by operating cash flow (26.7%).
Interest Coverage: LPRO earns more interest than it pays, so coverage of interest payments is not a concern.