LendingClub Balance Sheet Health
Financial Health criteria checks 4/6
LendingClub has a total shareholder equity of $1.3B and total debt of $2.7M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are $11.0B and $9.7B respectively. LendingClub's EBIT is $68.9M making its interest coverage ratio 54.2. It has cash and short-term investments of $1.0B.
Key information
0.2%
Debt to equity ratio
US$2.68m
Debt
| Interest coverage ratio | 54.2x |
| Cash | US$1.02b |
| Equity | US$1.34b |
| Total liabilities | US$9.69b |
| Total assets | US$11.04b |
Recent financial health updates
No updates
Recent updates
Investors Appear Satisfied With LendingClub Corporation's (NYSE:LC) Prospects As Shares Rocket 28%
Oct 26
LendingClub Q3 Earnings: A Turnaround Stock As Interest Rates Decline (Upgrade)
Oct 24LendingClub: Bullish Ahead Of Q3 Earnings
Oct 15Why LendingClub Is Currently My Favorite Value Stock
Sep 30LendingClub: Levered Play On Soft Landing
Aug 19Why Investors Shouldn't Be Surprised By LendingClub Corporation's (NYSE:LC) 49% Share Price Surge
Aug 01LendingClub Is Set To Outperform SoFi Technologies
Jun 17LendingClub - An Explosive Move Higher Could Be Brewing
May 10LendingClub Corporation: A Significant Upside Potential In Consumer Finance
May 01LendingClub'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 31LendingClub: 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 03Financial Position Analysis
Short Term Liabilities: LC's short term assets ($5.8B) exceed its short term liabilities ($875.6M).
Long Term Liabilities: LC's short term assets ($5.8B) do not cover its long term liabilities ($8.8B).
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 57.3% to 0.2% 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 (54.2x coverage).