Lamar Advertising Co (FRA:6LA) Effective Interest Rate on Debt % : 3.83% (As of Mar. 2024)

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What is Lamar Advertising Co 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. Lamar Advertising Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €164 Mil. Lamar Advertising Co's average total debt for the quarter that ended in Mar. 2024 was €4,271 Mil. Therefore, Lamar Advertising Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.83%.

Lamar Advertising Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Lamar Advertising Co'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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Lamar Advertising Co Effective Interest Rate on Debt % Chart

Lamar Advertising Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.26

3.15

2.65

2.99

3.73

Lamar Advertising Co 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															3.60	3.76	3.90	3.76	3.83

Competitive Comparison of Lamar Advertising Co's Effective Interest Rate on Debt %

For the REIT - Specialty subindustry, Lamar Advertising Co'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.

Lamar Advertising Co's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Lamar Advertising Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Lamar Advertising Co's Effective Interest Rate on Debt % falls into.

Lamar Advertising Co Effective Interest Rate on Debt % Calculation

Lamar Advertising Co'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 * -160.028	/	( (4315.566	+	4257.562)	/ 2 )
=	-1 * -160.028	/	4286.564
=	3.73 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3884.201	+	431.365
=	4315.566

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3833.984	+	423.578
=	4257.562

Lamar Advertising Co'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 * -163.712	/	( (4257.562	+	4285.325)	/ 2 )
=	-1 * -163.712	/	4271.4435
=	3.83 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3833.984	+	423.578
=	4257.562

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3584.24	+	701.085
=	4285.325

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.

Lamar Advertising Co (FRA:6LA) Effective Interest Rate on Debt % Explanation

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

Lamar Advertising Co Effective Interest Rate on Debt % Related Terms

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Lamar Advertising Co (FRA:6LA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Lamar Advertising Co (FRA:6LA) » Definitions » Effective Interest Rate on Debt %

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LAMR:USA

Address

5321 Corporate Boulevard, Baton Rouge, LA, USA, 70808

Website

https://www.lamar.com

Lamar Advertising Co is an outdoor advertising company organized as a real estate investment trust for U.S. federal income tax purposes. Lamar's core revenue-generating activity is leasing space for advertising on billboards, buses, shelters, benches, logo plates, and airport terminals through short-term agreements. The company is involved in this process from ad copy production to the placement and maintenance of physical advertisements. The vast majority of Lamar's revenue comes from renting ad space on its portfolio of static and digital roadside billboard displays in the U.S. The states of Pennsylvania and Texas house a proportion of these. The company's customers are restaurant, service, healthcare, and retail firms in terms of total revenue.

Lamar Advertising Co (FRA:6LA) Headlines

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