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Luminar Technologies (Luminar Technologies) Effective Interest Rate on Debt % : 1.66% (As of Mar. 2024)


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What is Luminar Technologies Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Luminar Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $11.03 Mil. Luminar Technologies's average total debt for the quarter that ended in Mar. 2024 was $663.30 Mil. Therefore, Luminar Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.66%.


Luminar Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Luminar Technologies's Effective Interest Rate on 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.

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Luminar Technologies Effective Interest Rate on Debt % Chart

Luminar Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
23.22 60.02 0.65 1.77 1.71

Luminar Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.05 0.80 1.75 3.29 1.66

Competitive Comparison of Luminar Technologies's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Luminar Technologies's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on 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.


Luminar Technologies's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Luminar Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Luminar Technologies's Effective Interest Rate on Debt % falls into.



Luminar Technologies Effective Interest Rate on Debt % Calculation

Luminar Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -11.048/( (635.134+660.661)/ 2 )
=-1  *  -11.048/647.8975
=1.71 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=629.181 + 5.953
=635.134

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=650.507 + 10.154
=660.661

Luminar Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -11.028/( (660.661+665.932)/ 2 )
=-1  *  -11.028/663.2965
=1.66 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=650.507 + 10.154
=660.661

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=654.623 + 11.309
=665.932

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Luminar Technologies  (NAS:LAZR) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Luminar Technologies Effective Interest Rate on Debt % Related Terms

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Luminar Technologies (Luminar Technologies) Business Description

Traded in Other Exchanges
Address
2603 Discovery Drive, Suite 100, Orlando, FL, USA, 32826
Luminar Technologies Inc is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering lidar and associated software that meets the industry's stringent performance, safety, and economic requirements. It operates its business through the following segment: (1) Autonomy Solutions and (2) Components. The majority of revenue is earned from the Autonomy Solutions segment.
Executives
Thomas Fennimore officer: Chief Financial Officer C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Alan Prescott officer: Chief Legal Officer C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Austin Russell director, 10 percent owner, officer: Chairperson, President & CEO C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Jun Hong Heng director C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Mary Lou Jepsen director 21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Aeg Holdings, Llc director, 10 percent owner, officer: Chief Executive Officer 6260 LOOKOUT RD., BOULDER CO 80301
Daniel David Tempesta director ONE WAYSIDE ROAD, BURLINGTON MA 01803
Katherine A Martin director C/O NUANCE COMMUNICATIONS, INC., ONE WAYSIDE ROAD, BURLINGTON MA 01803
Matthew Simoncini director 21557 TELEGRAPH ROAD, SOUTHFIELD MI 48034
Shaun Maguire director C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
M. Scott Faris officer: Chief Business Officer C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Benjamin John Kortlang director 2750 SAND HILL ROAD, MENLO PARK CA 94025
Jason Eichenholz officer: Chief Technology Officer C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Scott A Mcgregor director 5300 CALIFORNIA AVENUE, IRVINE CA 92617
Andrew Mcbride officer: CFO & Secretary 9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212

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