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LexinFintech Holdings (NAS:LX) Effective Interest Rate on Debt %

: 0.17% (As of Mar. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. LexinFintech Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $2 Mil. LexinFintech Holdings's average total debt for the quarter that ended in Mar. 2023 was $1,391 Mil. Therefore, LexinFintech Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 0.17%.


LexinFintech Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for LexinFintech Holdings's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

LexinFintech Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only 0.28 0.58 0.91 0.76 0.64

LexinFintech Holdings Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.75 0.69 0.35 0.17

Competitive Comparison

For the Credit Services subindustry, LexinFintech Holdings's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

LexinFintech Holdings Effective Interest Rate on Debt % Distribution

For the Credit Services industry and Financial Services sector, LexinFintech Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where LexinFintech Holdings's Effective Interest Rate on Debt % falls in comparison to its industry or sector. The grey bar indicates the Effective Interest Rate on Debt %'s extreme value range as defined by GuruFocus.



LexinFintech Holdings Effective Interest Rate on Debt % Calculation

LexinFintech Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -7.98/( (1182.91+1327.52)/ 2 )
=-1  *  -7.98/1255.215
=0.64 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=404.996 + 777.914
=1182.91

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=227.703 + 1099.817
=1327.52

LexinFintech Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Mar. 2023 ))/ count )
=-1  *  -2.368/( (1327.52+1454.242)/ 2 )
=-1  *  -2.368/1390.881
=0.17 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=227.703 + 1099.817
=1327.52

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=320.013 + 1134.229
=1454.242

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


LexinFintech Holdings  (NAS:LX) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


LexinFintech Holdings Effective Interest Rate on Debt % Related Terms

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LexinFintech Holdings (NAS:LX) Business Description

LexinFintech Holdings logo
Traded in Other Exchanges
Address
No. 3099 Keyuan South Road, 27th Floor, China Energy Storage Tower, Nanshan District, Shenzhen, CHN, 518057
LexinFintech Holdings Ltd is an online consumer finance platform and a technology-driven service provider in China. The group is engaged primarily in online direct sales services and online consumer financial services for its customers in China. It offers online direct sales with installment payment terms and offers installment purchase loans and personal installment loans mainly through its retail and online consumer finance platform www.fenqile.com, and its mobile application to young adults between the age of 18 and 36 in the People's Republic of China. The company also finances the loans with proceeds from partnering peer-to-peer lending platforms, commercial banks, and other financial institutions. Geographically, it derives revenue from China.

LexinFintech Holdings (NAS:LX) Headlines

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