LendingClub Balance Sheet Health
Financial Health criteria checks 5/6
LendingClub has a total shareholder equity of $1.3B and total debt of $8.9M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are $8.8B and $7.6B respectively. LendingClub's EBIT is $59.2M making its interest coverage ratio 12.9. It has cash and short-term investments of $1.3B.
Key information
0.7%
Debt to equity ratio
US$8.87m
Debt
| Interest coverage ratio | 12.9x |
| Cash | US$1.25b |
| Equity | US$1.25b |
| Total liabilities | US$7.58b |
| Total assets | US$8.83b |
Recent financial health updates
No updates
Recent updates
LendingClub's ROA Positivity: A Glimmer Amidst Uncertainty (Rating Upgrade)
Feb 02LendingClub: Buybacks And Increased Profitability Could Be On The Cards
Jan 22LendingClub: Cheap Today, Cheaper Tomorrow
Nov 28The Consensus EPS Estimates For LendingClub Corporation (NYSE:LC) Just Fell Dramatically
Oct 31
LendingClub: Pause Won't Last Forever
Oct 17LendingClub: Declining ROA And Growing Loans, Avoid (Rating Downgrade)
Sep 25LendingClub's Recovery Postponed
Aug 03LendingClub: Share Price Surge And Marketplace Challenges
Jun 21LendingClub: Several Positive Catalysts Support Upside Potential
Jun 08LendingClub Corporation (NYSE:LC) Surges 33% Yet Its Low P/E Is No Reason For Excitement
Jun 03Does LendingClub (NYSE:LC) Deserve A Spot On Your Watchlist?
May 05LendingClub: When Headwinds Turn To Tailwinds
Feb 19Things Look Grim For LendingClub Corporation (NYSE:LC) After Today's Downgrade
Feb 01LendingClub Q4 GAAP EPS, revenue beats
Jan 25LendingClub announces job cuts as revenue hit by Fed's aggressive rate hikes
Jan 12LendingClub: Highly Profitable FinTech Bank
Jan 05SoFi Vs. LendingClub: Which Is The Better FinTech To Hold In A Recession?
Nov 16LendingClub's Decent Quarter Doesn't Bode Well For Upstart
Nov 03LendingClub Non-GAAP EPS of $0.36 beats by $0.04, revenue of $304.9M beats by $10.08M
Oct 26LendingClub Has A Killer Business Model
Oct 16SoFi Or LendingClub: Which Is The Better Stock To Buy?
Sep 15LendingClub: What To Expect Next
Sep 05LendingClub: Playbook For A Recession
Jul 28LendingClub: The Risks And What To Expect
Jul 18LendingClub's Earnings Power Is Only Beginning To Show
Jul 05LendingClub: Deep Dive On Strategy And Capital Allocation
Jun 05LendingClub: My Top Pick In The FinTech Space
May 25Financial Position Analysis
Short Term Liabilities: LC's short term assets ($6.3B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: LC's short term assets ($6.3B) exceed its long term liabilities ($5.9B).
Debt to Equity History and Analysis
Debt Level: LC has more cash than its total debt.
Reducing Debt: LC's debt to equity ratio has reduced from 82.1% to 0.7% over the past 5 years.
Debt Coverage: LC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LC's interest payments on its debt are well covered by EBIT (12.9x coverage).