Open Lending (Open Lending) Cash-to-Debt : 1.62 (As of Dec. 2023)

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What is Open Lending Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Open Lending's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.62.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Open Lending could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Open Lending's Cash-to-Debt or its related term are showing as below:

LPRO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.62 Med: 1.34 Max: 2.32
Current: 1.62

During the past 6 years, Open Lending's highest Cash to Debt Ratio was 2.32. The lowest was 0.62. And the median was 1.34.

LPRO's Cash-to-Debt is ranked better than
72.46% of 501 companies
in the Credit Services industry
Industry Median: 0.22 vs LPRO: 1.62

Open Lending Cash-to-Debt Historical Data

The historical data trend for Open Lending's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Open Lending Cash-to-Debt Chart

Open Lending Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

2.32

0.62

0.77

1.34

1.62

Open Lending Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.34	1.40	1.50	1.57	1.62

Competitive Comparison of Open Lending's Cash-to-Debt

For the Credit Services subindustry, Open Lending's Cash-to-Debt, along with its competitors' market caps and Cash-to-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.

Open Lending's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Open Lending's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Open Lending's Cash-to-Debt falls into.

Open Lending Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Open Lending's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	240.206	/	(5.32	+	142.807)
	=	1.62

Open Lending's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	240.206	/	(5.32	+	142.807)
	=	1.62

Open Lending (NAS:LPRO) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Open Lending Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Open Lending's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Open Lending (Open Lending) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Open Lending Corp (NAS:LPRO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1501 S. Mopac Expressway, Suite 450, Austin, TX, USA, 78746

Website

https://www.openlending.com

Open Lending Corp is engaged in providing automated lending services to financial institutions. The company offers loan analytics, risk-based pricing, risk modeling, and automated decision technology. Its Lenders Protection Program ("LPP") enables automotive lenders to make loans that are largely insured against losses from defaults.

Executives

John Joseph Flynn	director, officer: See Remarks	C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Shawna Kelley Shelor	officer: Chief People Officer	C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Thomas K Hegge	director	C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Shubhi Suryaji Rao	director	OPEN LENDING CORPORATION, BARTON OAKS ONE 901 S MOPAC EXPRESSWAY, AUSTIN TX 78746
Matthew Stark	officer: EVP and General Counsel	C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Matthew Roe	officer: Chief Revenue Officer	C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Thinh Nguyen	officer: Chief Information Officer	C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Simona Fillarini	officer: Chief Human Resources Officer	C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Cecilia Camarillo	officer: Chief Accounting Officer	C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Sarah Lackey	officer: Chief Technology Officer	C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Keith Jezek	director, officer: Chief Executive Officer	C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Charles D Jehl	officer: Chief Financial Officer	C/O OPEN LENDING CORPORATION, 1501 S. MOPAC EXPRESSWAY, SUITE 450, AUSTIN TX 78746
Ross M. Jessup	director, officer: See Remarks	BARTON OAKS ONE, 901 S. MOPAC EXPRESSWAY, BLDG 1 STE 510, AUSTIN TX 78746
Bregal Sagemount I, L.p.	10 percent owner	SECOND FLOOR, WINDWARD HOUSE, LA ROUTE DE LA LIBERATION, ST. HELIER Y9 JE2 3BQ
Blair J. Greenberg	director	C/O BREGAL INVESTEMENTS, INC., SECOND FLOOR, WINDWARD HOUSE, LA ROUTE D, ST. HELIER CHANNEL ISLANDS Y9 JE2 3BQ