Open Lending Corporation Current Ratio

Current Ratio of LPRO for past 10 years: annual, quarterly and twelve month trailing (TTM) including Current Ratio growth rates and interactive chart. The current ratio is a liquidity ratio that measures whether a firm has enough resources to meet its short-term obligations. It is calculated as current assets divided by current liabilities. A ratio below 1 indicates potential trouble for a company, as it doesn't have enough current assets to pay for its short-term liabilities. A ratio above 2 is usually considered healthy.

Highlights and Quick Summary

  • Current Ratio for the quarter ending June 29, 2021 was 9.13 (a -9.13% decrease compared to previous quarter)
  • Year-over-year quarterly Current Ratio decreased by -23.66%
  • Annual Current Ratio for 2020 was 9.57 (a 0.0% decrease from previous year)
  • Annual Current Ratio for 2019 was 9.57 (a 73.43% increase from previous year)
  • Annual Current Ratio for 2019 was 5.52 (a 2.45% increase from previous year)
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Historical Current Ratio of Open Lending Corporation

Most recent Current Ratioof LPRO including historical data for past 10 years.

Interactive Chart of Current Ratio of Open Lending Corporation

Open Lending Corporation Current Ratio for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 9.13 10.05
2020 9.57 11.97 4.56 0.5 9.57
2019 5.52 0.77 1.38 2.09 5.52
2018 3.28 3.49 5.93 3.28
2017 0.1

Business Profile of Open Lending Corporation

Sector: Financial Services
Industry: Credit Services
Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, 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 based in Austin, Texas.