LexinFintech Holdings (LexinFintech Holdings) Interest Expense

: $-7 Mil (TTM As of Sep. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LexinFintech Holdings's interest expense for the three months ended in Sep. 2023 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-7 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. LexinFintech Holdings's Operating Income for the three months ended in Sep. 2023 was $ 101 Mil. LexinFintech Holdings's Interest Expense for the three months ended in Sep. 2023 was $ -2 Mil. LexinFintech Holdings's Interest Coverage for the quarter that ended in Sep. 2023 was 51.10. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

LexinFintech Holdings Interest Expense Historical Data

The historical data trend for LexinFintech Holdings's Interest Expense 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.

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LexinFintech Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-3.35

-5.59

-11.86

-9.91

-7.98

LexinFintech Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-2.31	-1.17	-0.59	-3.05	-1.97

LexinFintech Holdings Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7 Mil.

LexinFintech Holdings (NAS:LX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

LexinFintech Holdings's Interest Expense for the three months ended in Sep. 2023 was $-2 Mil. Its Operating Income for the three months ended in Sep. 2023 was $101 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $164 Mil.

LexinFintech Holdings's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	100.52	/	-1.967
	=	51.10

The higher the ratio, the stronger the company's financial strength is.

LexinFintech Holdings (LexinFintech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LexinFintech Holdings Ltd (NAS:LX) » Definitions » Interest Expense

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Traded in Other Exchanges

1LFA:Germany

Address

No. 3099 Keyuan South Road, 27th Floor, China Energy Storage Tower, Nanshan District, Shenzhen, CHN, 518057

Website

http://ir.lexin.com

LexinFintech Holdings Ltd is an online consumer finance platform and a technology-driven service provider in China. The group is engaged 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 with peer-to-peer lending platforms, commercial banks, and other financial institutions. Geographically, it derives revenue from China.