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1847 Holdings LLC (1847 Holdings LLC) Effective Interest Rate on Debt % : 50.28% (As of Mar. 2024)


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What is 1847 Holdings LLC 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. 1847 Holdings LLC's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $19.97 Mil. 1847 Holdings LLC's average total debt for the quarter that ended in Mar. 2024 was $39.72 Mil. Therefore, 1847 Holdings LLC's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 50.28%.


1847 Holdings LLC Effective Interest Rate on Debt % Historical Data

The historical data trend for 1847 Holdings LLC'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.

* Premium members only.

1847 Holdings LLC Effective Interest Rate on Debt % Chart

1847 Holdings LLC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.65 5.93 7.38 14.82 33.58

1847 Holdings LLC Quarterly Data
Jun19 Sep19 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 Premium Member Only Premium Member Only 21.85 24.82 62.03 17.78 50.28

Competitive Comparison of 1847 Holdings LLC's Effective Interest Rate on Debt %

For the Conglomerates subindustry, 1847 Holdings LLC'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.


1847 Holdings LLC's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, 1847 Holdings LLC's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where 1847 Holdings LLC's Effective Interest Rate on Debt % falls into.



1847 Holdings LLC Effective Interest Rate on Debt % Calculation

1847 Holdings LLC'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  *  -11.443/( (29.648+38.498)/ 2 )
=-1  *  -11.443/34.073
=33.58 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27.835 + 1.813
=29.648

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.512 + 7.986
=38.498

1847 Holdings LLC'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  *  -19.968/( (38.498+40.934)/ 2 )
=-1  *  -19.968/39.716
=50.28 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.512 + 7.986
=38.498

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.285 + 10.649
=40.934

* 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.


1847 Holdings LLC  (AMEX:EFSH) Effective Interest Rate on Debt % Explanation

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


1847 Holdings LLC Effective Interest Rate on Debt % Related Terms

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1847 Holdings LLC (1847 Holdings LLC) Business Description

Industry
Traded in Other Exchanges
N/A
Address
590 Madison Avenue, 21st Floor, New York, NY, USA, 10022
1847 Holdings LLC is a diversified holding company. It operates in three segments: Retail and appliances, Construction, and Automotive Supplies. The company generates maximum revenue from the Construction segment. The firm, through its subsidiaries, provides a wide range of land application services and sells equipment and parts, primarily to the agricultural, construction, and lawn and garden industries.
Executives
Ellery Roberts director, 10 percent owner, officer: CEO, President and CFO 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Strategic Risk, Llc. 10 percent owner 228 PARK AVE S., PMB 828333, NEW YORK NY 10003
Michele A. Chow-tai director 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Paul Froning director 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Glyn C. Milburn director 13850 MANCHESTER RD, C/O 1847 GOEDEKER INC., BALLWIN MO 63011
Clark R. Crosnoe director 13850 MANCHESTER RD, C/O 1847 GOEDEKER INC.,, BALLWIN MO 63011
Taylor Lawrence X. Iii director 2727 N 3RD STREET, SUITE 201, PHOENIX AZ 85004
Tracy S. Harris director C/O 1847 HOLDINGS LLC, 590 MADISON AVE., 21ST FLOOR, NEW YORK NY 10022
Eric Vandam officer: Chief Operating Officer C/O 1847 HOLDINGS LLC, 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Edward Tobin 10 percent owner C/O GEM SURGILIGHT INVESTORS, LLC, 9 WEST 57TH STREET, 46TH FLOOR, NEW YORK NY 10022
Vernice L Howard officer: Chief Financial Officer 590 MADISON AVENUE, 21ST FLOOR, C/O 1847 HOLDINGS LLC, NEW YORK NY 10022
Jay Amond officer: Chief Financial Officer 590 MADISON AVENUE, NEW YORK NY 10022
Rita Mallatt 10 percent owner 1847 HOLDINGS LLC, 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Stephen Jr Mallatt 10 percent owner 1847 HOLDINGS LLC, 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Robert Barry director 1847 GOEDEKER INC., 13850 MANCHESTER RD., BALLWIN MO 63011