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Auto Parts 4Less Group (Auto Parts 4Less Group) Effective Interest Rate on Debt % : 28.15% (As of Oct. 2023)


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What is Auto Parts 4Less Group 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. Auto Parts 4Less Group's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $4.27 Mil. Auto Parts 4Less Group's average total debt for the quarter that ended in Oct. 2023 was $15.16 Mil. Therefore, Auto Parts 4Less Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 28.15%.


Auto Parts 4Less Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Auto Parts 4Less Group'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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Auto Parts 4Less Group Effective Interest Rate on Debt % Chart

Auto Parts 4Less Group Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.62 62.53 28.74 60.54 128.11

Auto Parts 4Less Group Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 151.21 173.97 39.46 40.30 28.15

Competitive Comparison of Auto Parts 4Less Group's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Auto Parts 4Less Group'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.


Auto Parts 4Less Group's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Auto Parts 4Less Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Auto Parts 4Less Group's Effective Interest Rate on Debt % falls into.



Auto Parts 4Less Group Effective Interest Rate on Debt % Calculation

Auto Parts 4Less Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2022 )+Total Debt  (A: Jan. 2023 ))/ count )
=-1  *  -11.781/( (4.614+13.778)/ 2 )
=-1  *  -11.781/9.196
=128.11 %

where

Total Debt  (A: Jan. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.254 + 4.36
=4.614

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.172 + 13.606
=13.778

Auto Parts 4Less Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2023 )+Total Debt  (Q: Oct. 2023 ))/ count )
=-1  *  -4.268/( (15.049+15.273)/ 2 )
=-1  *  -4.268/15.161
=28.15 %

where

Total Debt  (Q: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.116 + 14.933
=15.049

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.106 + 15.167
=15.273

* 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 (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Auto Parts 4Less Group  (OTCPK:FLES) Effective Interest Rate on Debt % Explanation

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


Auto Parts 4Less Group Effective Interest Rate on Debt % Related Terms

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Auto Parts 4Less Group (Auto Parts 4Less Group) Business Description

Traded in Other Exchanges
N/A
Address
106 W. Mayflower, Las Vegas, NV, USA, 89030
Auto Parts 4Less Group Inc is an e-commerce auto parts sales company. It offers parts and accessories that are manufactured, sold, and distributed for cars, light trucks, and other passenger vehicles motorcycles, all-terrain vehicles, utility terrain vehicles, boats, and others.
Executives
Christopher Dean Davenport 10 percent owner 106 W MAYFLOWER AVENUE, N. LAS VEGAS NV 89030

Auto Parts 4Less Group (Auto Parts 4Less Group) Headlines

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