LexinFintech Holdings (LexinFintech Holdings) Debt-to-Equity : 0.57 (As of Dec. 2023)

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What is LexinFintech Holdings Debt-to-Equity?

LexinFintech Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $635 Mil. LexinFintech Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $137 Mil. LexinFintech Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,360 Mil. LexinFintech Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.57.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for LexinFintech Holdings's Debt-to-Equity or its related term are showing as below:

LX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.57 Med: 1.28 Max: 557.61
Current: 0.57

During the past 9 years, the highest Debt-to-Equity Ratio of LexinFintech Holdings was 557.61. The lowest was 0.57. And the median was 1.28.

LX's Debt-to-Equity is ranked better than
65.28% of 432 companies
in the Credit Services industry
Industry Median: 1.18 vs LX: 0.57

LexinFintech Holdings Debt-to-Equity Historical Data

The historical data trend for LexinFintech Holdings's Debt-to-Equity 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 Debt-to-Equity Chart

LexinFintech Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.25

1.70

0.94

1.06

0.57

LexinFintech Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.06	1.11	0.89	0.68	0.57

Competitive Comparison of LexinFintech Holdings's Debt-to-Equity

For the Credit Services subindustry, LexinFintech Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, LexinFintech Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where LexinFintech Holdings's Debt-to-Equity falls into.

LexinFintech Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LexinFintech Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(634.66	+	137.261)	/	1359.917
	=	0.57

LexinFintech Holdings's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(634.66	+	137.261)	/	1359.917
	=	0.57

LexinFintech Holdings (NAS:LX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

LexinFintech Holdings Debt-to-Equity Related Terms

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LexinFintech Holdings (LexinFintech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LexinFintech Holdings Ltd (NAS:LX) » Definitions » Debt-to-Equity

Comparable Companies

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.