Open Lending Corporation

Open Lending Corporationverified

LPRO

Price:

$5.495

Market Cap:

$655.30M

Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, and non-bank auto finance companies and captive finance companies of original equipment manufacturers in the United States. It offers Lenders Protection Program (LPP), which is a Software as a Service platform that facilitates loan decision making and automated underwriting by third-party lenders and the issuance of credit default insurance through third-party insurance providers. The company's LPP products include loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders. Open Lending Corporation was founded in 2000 and is...[Read more]

Industry

Financial - Credit Services

IPO Date

2018-03-26

Stock Exchange

NASDAQ

Ticker

LPRO

The Current Ratio as of September 2024 (TTM) for Open Lending Corporation (LPRO) is 13.32

According to Open Lending Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 13.32. This represents a change of -3.56% compared to the average of 13.81 of the last 4 quarters.

Open Lending Corporation (LPRO) Historical Current Ratio (quarterly & annually)

How has LPRO Current Ratio performed in the past?

The mean historical Current Ratio of Open Lending Corporation over the last ten years is 9.71. The current 13.32 Current Ratio has changed 13.63% with respect to the historical average. Over the past ten years (40 quarters), LPRO's Current Ratio was at its highest in in the December 2022 quarter at 18.58. The Current Ratio was at its lowest in in the March 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

9.71

Median

9.57

Minimum

0.10

Maximum

18.58

Open Lending Corporation (LPRO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Open Lending Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 3.19%

Maximum Annual Current Ratio = 18.58

Minimum Annual Increase = -24.24%

Minimum Annual Current Ratio = 0.10

Quarterly (TTM)
Annual
YearCurrent RatioChange
202314.08-24.24%
202218.5810.56%
202116.8175.63%
20209.5773.43%
20195.5268.24%
20183.283.19%

Open Lending Corporation (LPRO) Average Current Ratio

How has LPRO Current Ratio performed in the past?

The current Current Ratio of Open Lending Corporation (LPRO) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

16.49

5-year avg

12.91

10-year avg

9.71

Open Lending Corporation (LPRO) Current Ratio vs. Peers

How is LPRO’s Current Ratio compared to its peers?

Open Lending Corporation’s Current Ratio is greater than EZCORP, Inc. (2.59), greater than ORIX Corporation (4.49), greater than SLM Corporation (0), greater than Navient Corporation (0.20), greater than Enova International, Inc. (13.03), greater than SLM Corporation (0), greater than FirstCash Holdings, Inc (4.03), greater than Federal Agricultural Mortgage Corporation (4.75), greater than Federal Agricultural Mortgage Corporation (4.75), greater than Green Dot Corporation (0.52), greater than The Western Union Company (0.86), less than Atlanticus Holdings Corporation (0), greater than Medallion Financial Corp. (0.20), less than null (34.29),

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