LendingClub's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. LendingClub's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $57.2 Mil. LendingClub's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,251.8 Mil.
LendingClub's debt to equity for the quarter that ended in Dec. 2023 was 0.05.
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 LendingClub's Debt-to-Equity or its related term are showing as below:
LC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 2.46 Max: 4.43
Current: 0.05
During the past 12 years, the highest Debt-to-Equity Ratio of LendingClub was 4.43. The lowest was 0.05. And the median was 2.46.
LendingClub Debt-to-Equity Historical Data
The historical data trend for LendingClub'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.
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LendingClub Annual Data
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Trend |
Dec14 |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
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2.02 |
1.37 |
0.51 |
0.18 |
0.05 |
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LendingClub Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Debt-to-Equity |
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0.18 |
0.10 |
0.09 |
0.08 |
0.05 |
Competitive Comparison
For the Credit Services subindustry, LendingClub'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.
LendingClub Debt-to-Equity Distribution
For the Credit Services industry and Financial Services sector, LendingClub's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where LendingClub's Debt-to-Equity falls into.
LendingClub Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
LendingClub's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
LendingClub's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as
* 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.
LendingClub (LendingClub) Business Description
Traded in Other Exchanges
Address
595 Market Street, Suite 200, San Francisco, CA, USA, 94105
LendingClub Corp is a company engaged in operating an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility. It offers investors access to an asset class that has generally been closed to many investors and only available on a limited basis to institutional investors. The company through the platform offers loan products such as personal, education and patient finance, small business, and auto to interested investors. It generates a majority of the revenue from the transaction fees received from the platform's role in accepting and decisioning applications on behalf of the bank partners to enable loan originations.
Executives
| Michael P Zeisser |
director |
|
| Janey Whiteside |
director |
C/O LENDINGCLUB CORPORATION, 595 MARKET ST., #200, SAN FRANCISCO CA 94105 |
| Kathryn Reimann |
director |
C/O LENDINGCLUB CORPORATION, 595 MARKET ST., #200, SAN FRANCISCO CA 94105 |
| Syed Faiz Ahmad |
director |
7601 SOUTHWEST PARKWAY, AUSTIN TX 78735 |
| Stephen M Cutler |
director |
JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017 |
| John C. Morris |
director |
C/O VISA INC., P.O. BOX 8999, SAN FRANCISCO CA 94128-8999 |
| Andrew Labenne |
officer: Chief Financial Officer |
C/O BAKKT HOLDINGS, INC., 5500 WINDWARD PKWY., SUITE 450, ALPHARETTE GA 30005 |
| Timothy J Mayopoulos |
director |
C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005 |
| Erin Selleck |
director |
C/O BROADWAY FINANCIAL CORPORATION, 5055 WILSHIRE BLVD. SUITE 500, LOS ANGELES CA 90036 |
| Allan R Landon |
director |
130 MERCHANT ST 22ND FLR, HONOLULU HI 96813 |
| Fergal Stack |
officer: SVP, Corporate Controller |
C/O LENDINGCLUB CORPORATION, 71 STEVENSON ST., SUITE 300, SAN FRANCISCO CA 94105 |
| Scott Sanborn |
officer: Chief Mrktg & Optg Officer |
C/O REDENVELOPE, INC., 149 NEW MONTGOMERY STREET, SAN FRANCISCO CA 94105 |
| Jordan Cheng |
officer: General Counsel & Secretary |
C/O LENDINGCLUB CORPORATION, 595 MARKET ST., #200, SAN FRANCISCO CA 94105 |
| Brandon Pace |
officer: General Counsel and Secretary |
C/O LENDINGCLUB CORPORATION, 595 MARKET ST, SUITE 200, SAN FRANCISCO CA 94105 |
| Annie Armstrong |
officer: Chief Risk Officer |
C/O LENDINGCLUB CORPORATION, 595 MARKET ST. #200, SAN FRANCISCO CA 94105 |
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