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LendingClub (LendingClub) Scaled Net Operating Assets : -0.18 (As of Dec. 2023)


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What is LendingClub Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

LendingClub's operating assets for the quarter that ended in Dec. 2023 was $5,954.7 Mil. LendingClub's operating liabilities for the quarter that ended in Dec. 2023 was $7,518.4 Mil. LendingClub's Total Assets for the quarter that ended in Sep. 2023 was $8,472.4 Mil. Therefore, LendingClub's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.18.

LendingClub Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

LendingClub's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(7574.959-7518.418)/7979.747
=0.01

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8827.463 - 1252.504
=7574.959

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7575.641 - 57.223 - 0
=7518.418

LendingClub's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(5954.697-7518.418)/8472.351
=-0.18

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=8827.463 - 2872.766
=5954.697

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=7575.641 - 57.223 - 0
=7518.418

* 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 Scaled Net Operating Assets Related Terms

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LendingClub (LendingClub) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LendingClub Corp (NYSE:LC) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
8LCA:Germany
Address
595 Market Street, Suite 200, San Francisco, CA, USA, 94105
Website
https://www.lendingclub.com
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