Open Short Term Debt vs Current Deferred Revenue Analysis

LPRO Stock

USD 6.40 0.04 0.63%

Open Lending financial indicator trend analysis is much more than just breaking down Open Lending Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Open Lending Corp is a good investment. Please check the relationship between Open Lending Short Term Debt and its Current Deferred Revenue accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Open Lending Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Short Term Debt vs Current Deferred Revenue

Short Term Debt vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Open Lending Corp Short Term Debt account and Current Deferred Revenue. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Open Lending's Short Term Debt and Current Deferred Revenue is 0.91. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Open Lending Corp, assuming nothing else is changed. The correlation between historical values of Open Lending's Short Term Debt and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Open Lending Corp are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Short Term Debt i.e., Open Lending's Short Term Debt and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Short Term Debt

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Open Lending's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Open Lending Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Open Lending Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Open Lending's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 27th of November 2024, Enterprise Value Multiple is likely to grow to 23.80, while Tax Provision is likely to drop about 18.1 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	1.7M	1.5M	1.8M	1.3M
Interest Income	213K	2.0M	8.9M	9.4M

Depreciation And Amortization Interest Income

Open Lending fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Other Assets	Cash And Short Term Investments	Capital Surpluse	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Current Liab	Net Tangible Assets	Accounts Payable	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt
Total Assets		0.97	0.74	-0.81	0.86	0.83	0.81	0.64	0.91	0.95	0.62	0.84	0.83	0.14	0.83	0.53	0.84	0.89	0.88	0.89	0.83	-0.3	0.86	0.83	0.67	0.88
Total Current Liabilities	0.97		0.62	-0.86	0.86	0.81	0.84	0.74	0.87	0.98	0.61	0.82	0.76	0.23	0.76	0.35	0.78	0.84	0.84	0.84	0.84	-0.3	0.83	0.79	0.59	0.84
Total Stockholder Equity	0.74	0.62		-0.27	0.42	0.65	0.31	-0.02	0.6	0.53	0.66	0.61	0.74	-0.28	0.43	0.82	0.68	0.58	0.58	0.6	0.5	-0.44	0.64	0.5	0.33	0.58
Retained Earnings	-0.81	-0.86	-0.27		-0.89	-0.61	-0.86	-0.9	-0.74	-0.91	-0.41	-0.58	-0.57	-0.61	-0.84	-0.08	-0.64	-0.78	-0.81	-0.78	-0.84	-0.1	-0.62	-0.85	-0.79	-0.81
Other Assets	0.86	0.86	0.42	-0.89		0.81	0.9	0.8	0.93	0.93	0.21	0.83	0.82	0.41	0.92	0.43	0.89	0.97	0.97	0.96	0.96	-0.1	0.86	0.95	0.84	0.97
Cash And Short Term Investments	0.83	0.81	0.65	-0.61	0.81		0.85	0.58	0.92	0.84	0.2	0.93	0.97	-0.1	0.78	0.61	0.87	0.88	0.9	0.91	0.84	-0.63	0.96	0.8	0.48	0.9
Capital Surpluse	0.81	0.84	0.31	-0.86	0.9	0.85		0.91	0.87	0.91	0.18	0.8	0.78	0.23	0.89	0.24	0.74	0.85	0.87	0.87	0.84	-0.33	0.83	0.83	0.62	0.87
Total Liab	0.64	0.74	-0.02	-0.9	0.8	0.58	0.91		0.67	0.82	0.14	0.55	0.47	0.48	0.77	-0.14	0.48	0.65	0.68	0.66	0.7	-0.06	0.58	0.69	0.58	0.68
Total Current Assets	0.91	0.87	0.6	-0.74	0.93	0.92	0.87	0.67		0.91	0.26	0.96	0.92	0.06	0.88	0.61	0.92	0.97	0.94	0.96	0.88	-0.41	0.98	0.85	0.68	0.94
Short Term Debt	0.95	0.98	0.53	-0.91	0.93	0.84	0.91	0.82	0.91		0.46	0.84	0.8	0.32	0.84	0.35	0.82	0.9	0.91	0.9	0.91	-0.25	0.86	0.87	0.68	0.91
Common Stock	0.62	0.61	0.66	-0.41	0.21	0.2	0.18	0.14	0.26	0.46		0.19	0.22	0.05	0.2	0.16	0.22	0.22	0.22	0.22	0.22	-0.05	0.2	0.22	0.18	0.22
Other Current Liab	0.84	0.82	0.61	-0.58	0.83	0.93	0.8	0.55	0.96	0.84	0.19		0.92	-0.1	0.73	0.64	0.91	0.91	0.87	0.9	0.81	-0.58	0.99	0.73	0.48	0.87
Net Tangible Assets	0.83	0.76	0.74	-0.57	0.82	0.97	0.78	0.47	0.92	0.8	0.22	0.92		-0.1	0.81	0.77	0.93	0.91	0.92	0.94	0.84	-0.53	0.95	0.84	0.58	0.92
Accounts Payable	0.14	0.23	-0.28	-0.61	0.41	-0.1	0.23	0.48	0.06	0.32	0.05	-0.1	-0.1		0.26	-0.35	0.12	0.23	0.27	0.2	0.43	0.74	-0.07	0.43	0.57	0.27
Net Receivables	0.83	0.76	0.43	-0.84	0.92	0.78	0.89	0.77	0.88	0.84	0.2	0.73	0.81	0.26		0.46	0.79	0.9	0.92	0.92	0.83	-0.1	0.79	0.92	0.86	0.92
Common Stock Shares Outstanding	0.53	0.35	0.82	-0.08	0.43	0.61	0.24	-0.14	0.61	0.35	0.16	0.64	0.77	-0.35	0.46		0.75	0.63	0.59	0.63	0.47	-0.38	0.66	0.51	0.42	0.59
Other Current Assets	0.84	0.78	0.68	-0.64	0.89	0.87	0.74	0.48	0.92	0.82	0.22	0.91	0.93	0.12	0.79	0.75		0.97	0.94	0.96	0.9	-0.31	0.92	0.88	0.7	0.94
Property Plant Equipment	0.89	0.84	0.58	-0.78	0.97	0.88	0.85	0.65	0.97	0.9	0.22	0.91	0.91	0.23	0.9	0.63	0.97		0.98	0.99	0.94	-0.23	0.93	0.94	0.8	0.99
Short Long Term Debt Total	0.88	0.84	0.58	-0.81	0.97	0.9	0.87	0.68	0.94	0.91	0.22	0.87	0.92	0.27	0.92	0.59	0.94	0.98		0.99	0.97	-0.23	0.91	0.97	0.81	1.0
Property Plant And Equipment Net	0.89	0.84	0.6	-0.78	0.96	0.91	0.87	0.66	0.96	0.9	0.22	0.9	0.94	0.2	0.92	0.63	0.96	0.99	0.99		0.95	-0.28	0.93	0.95	0.78	0.99
Current Deferred Revenue	0.83	0.84	0.5	-0.84	0.96	0.84	0.84	0.7	0.88	0.91	0.22	0.81	0.84	0.43	0.83	0.47	0.9	0.94	0.97	0.95		-0.15	0.85	0.96	0.78	0.97
Net Debt	-0.3	-0.3	-0.44	-0.1	-0.1	-0.63	-0.33	-0.06	-0.41	-0.25	-0.05	-0.58	-0.53	0.74	-0.1	-0.38	-0.31	-0.23	-0.23	-0.28	-0.15		-0.56	-0.04	0.35	-0.23
Cash	0.86	0.83	0.64	-0.62	0.86	0.96	0.83	0.58	0.98	0.86	0.2	0.99	0.95	-0.07	0.79	0.66	0.92	0.93	0.91	0.93	0.85	-0.56		0.8	0.55	0.91
Non Current Assets Total	0.83	0.79	0.5	-0.85	0.95	0.8	0.83	0.69	0.85	0.87	0.22	0.73	0.84	0.43	0.92	0.51	0.88	0.94	0.97	0.95	0.96	-0.04	0.8		0.88	0.97
Non Currrent Assets Other	0.67	0.59	0.33	-0.79	0.84	0.48	0.62	0.58	0.68	0.68	0.18	0.48	0.58	0.57	0.86	0.42	0.7	0.8	0.81	0.78	0.78	0.35	0.55	0.88		0.81
Long Term Debt	0.88	0.84	0.58	-0.81	0.97	0.9	0.87	0.68	0.94	0.91	0.22	0.87	0.92	0.27	0.92	0.59	0.94	0.99	1.0	0.99	0.97	-0.23	0.91	0.97	0.81

Click cells to compare fundamentals

Open Lending Account Relationship Matchups

Open Lending fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	79.2M	294.0M	318.8M	379.6M	374.0M	271.1M
Total Current Liabilities	8.2M	17.0M	12.1M	15.1M	20.6M	13.7M
Total Stockholder Equity	(234.8M)	26.6M	159.0M	212.8M	205.6M	215.9M
Retained Earnings	(242.8M)	(428.4M)	(282.4M)	(215.8M)	(193.7M)	(203.4M)
Other Assets	33.7M	124.3M	108.2M	91.7M	105.5M	65.7M
Cash And Short Term Investments	7.7M	101.5M	116.5M	204.5M	240.2M	252.2M
Total Liab	314.0M	267.4M	159.8M	166.8M	168.5M	170.8M
Total Current Assets	45.2M	162.8M	202.8M	280.7M	289.9M	158.1M
Other Current Liab	2.4M	5.8M	7.2M	10.5M	14.9M	7.8M
Net Tangible Assets	(234.8M)	26.6M	159.0M	212.8M	244.7M	257.0M
Accounts Payable	1.3M	3.4M	1.3M	288K	375K	356.3K
Net Receivables	33.5M	54.7M	78.4M	69.9M	40.4M	52.7M
Common Stock Shares Outstanding	37.6M	82.9M	126.4M	126.3M	121.5M	107.5M
Other Current Assets	205K	6.5M	7.9M	6.4M	9.3M	6.0M
Property Plant Equipment	299K	6.9M	7.9M	7.2M	8.3M	5.0M

Pair Trading with Open Lending

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Open Lending position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Open Lending will appreciate offsetting losses from the drop in the long position's value.

Moving together with Open Stock

0.61	V	Visa Class A	Pair Corr
0.77	DHIL	Diamond Hill Investment	Pair Corr
0.64	DIST	Distoken Acquisition	Pair Corr

Moving against Open Stock

0.37

Pintec Technology

Pair Corr

The ability to find closely correlated positions to Open Lending could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Open Lending when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Open Lending - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Open Lending Corp to buy it.

The correlation of Open Lending is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Open Lending moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Open Lending Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Open Lending can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Open Lending Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Open Lending's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Open Lending Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Open Lending Corp Stock:

How To Invest In Open

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Is Open Stock a good investment?

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What is Open Lending's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Open Lending Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Is Diversified Capital Markets space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Open Lending. If investors know Open will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Open Lending listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.50)

Earnings Share

0.04

Revenue Per Share

0.805

Quarterly Revenue Growth

(0.1)

Return On Assets

0.0079

The market value of Open Lending Corp is measured differently than its book value, which is the value of Open that is recorded on the company's balance sheet. Investors also form their own opinion of Open Lending's value that differs from its market value or its book value, called intrinsic value, which is Open Lending's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Open Lending's market value can be influenced by many factors that don't directly affect Open Lending's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Open Lending's value and its price as these two are different measures arrived at by different means. Investors typically determine if Open Lending is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Open Lending's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Open Short Term Debt vs Current Deferred Revenue Analysis

Short Term Debt vs Current Deferred Revenue

Short Term Debt vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Short Term Debt

Current Deferred Revenue

Open Lending fundamental ratios Correlations

Open Lending Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Open Lending fundamental ratios Accounts

Pair Trading with Open Lending

Moving together with Open Stock

Moving against Open Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Short Long Term Debt Total
Cash	+ 0.99	Other Current Liab
Property Plant And Equipment Net	+ 0.99	Property Plant Equipment
Long Term Debt	+ 0.99	Property Plant Equipment
Property Plant And Equipment Net	+ 0.99	Short Long Term Debt Total
Long Term Debt	+ 0.99	Property Plant And Equipment Net

Short Term Debt	- 0.91	Retained Earnings
Total Liab	- 0.9	Retained Earnings
Other Assets	- 0.89	Retained Earnings
Capital Surpluse	- 0.86	Retained Earnings
Retained Earnings	- 0.86	Total Current Liabilities
Non Current Assets Total	- 0.85	Retained Earnings