What is LGI Homes 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. LGI Homes's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0 Mil. LGI Homes's average total debt for the quarter that ended in Mar. 2024 was $1,412 Mil. Therefore, LGI Homes's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.
LGI Homes Effective Interest Rate on Debt % Historical Data
The historical data trend for LGI Homes'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.
Competitive Comparison of LGI Homes's Effective Interest Rate on Debt %
For the Residential Construction subindustry, LGI Homes'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.
LGI Homes's Effective Interest Rate on Debt % Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, LGI Homes's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where LGI Homes's Effective Interest Rate on Debt % falls into.
LGI Homes Effective Interest Rate on Debt % Calculation
LGI Homes's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
LGI Homes (NAS:LGIH) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
LGI Homes Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of LGI Homes's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
LGI Homes Inc is engaged in the design, construction, and sale of new homes in markets. The company current product offerings include entry-level homes, including both detached homes and townhomes, and move-up homes sold, which are sold under LGI Homes brand, and luxury series homes, which are sold under the Terrata Homes brand. It offers a set number of floor plans in each community with features that include upgrades, such as granite countertops, appliances, and ceramic tile flooring.
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