LMP Automotive Holdings (LMP Automotive Holdings) Effective Interest Rate on Debt % : 3.93% (As of Sep. 2021)

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What is LMP Automotive Holdings 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. LMP Automotive Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was $5.5 Mil. LMP Automotive Holdings's average total debt for the quarter that ended in Sep. 2021 was $139.4 Mil. Therefore, LMP Automotive Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 was 3.93%.

LMP Automotive Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for LMP Automotive Holdings'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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LMP Automotive Holdings Effective Interest Rate on Debt % Chart

LMP Automotive Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

1.28

1.53

1.12

10.32

LMP Automotive Holdings Quarterly Data
	Dec17	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										6.96	13.31	1.89	3.41	3.93

Competitive Comparison of LMP Automotive Holdings's Effective Interest Rate on Debt %

For the Auto & Truck Dealerships subindustry, LMP Automotive Holdings'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.

LMP Automotive Holdings's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

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

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

LMP Automotive Holdings Effective Interest Rate on Debt % Calculation

LMP Automotive Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -0.331	/	( (3.295	+	3.118)	/ 2 )
=	-1 * -0.331	/	3.2065
=	10.32 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.795	+	2.5
=	3.295

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.213	+	0.905
=	3.118

LMP Automotive Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2021 )	+	Total Debt (Q: Sep. 2021 ))	/ count )
=	-1 * -5.48	/	( (147.007	+	131.86)	/ 2 )
=	-1 * -5.48	/	139.4335
=	3.93 %

where

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	88.416	+	58.591
=	147.007

	Total Debt (Q: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	85.29	+	46.57
=	131.86

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 (Sep. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

LMP Automotive Holdings (OTCPK:LMPX) Effective Interest Rate on Debt % Explanation

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

LMP Automotive Holdings Effective Interest Rate on Debt % Related Terms

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LMP Automotive Holdings (LMP Automotive Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » LMP Automotive Holdings Inc (OTCPK:LMPX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 East Broward Boulevard, Suite 1900, Fort Lauderdale, FL, USA, 33394

Website

https://www.lmpmotors.com

LMP Automotive Holdings Inc is an e-commerce and facilities-based retail platform for consumers who desire to buy, sell, rent, subscribe for or finance pre-owned and new automobiles. Its business model is described as Buy, Rent or Subscribe, Sell and Repeat. The company offer sales of pre-owned automobiles, and rentals and subscriptions for both pre-owned and new automobiles.

Executives

Samer Tawfik	director, 10 percent owner, officer: President and CEO	C/O HERRICK FEINSTEIN LLP 2 PARK AVE NEW YORK NY 10016
Svetlana Limburger	director	C/O LMP AUTOMOTIVE HOLDINGS, INC. 500 EAST BROWARD BLVD., SUITE 1900 FT. LAUDERDALE FL 33394
Richard Aldahan	officer: Chief Operating Officer	500 EAST BROWARD BLVD. SUITE 1900 FL 33394
William G Cohen	director	117 HARBOR ROAD WESTPORT CT 06880
Robert Bellaflores	officer: Chief Financial Officer	500 EAST BROWARD BLVD. SUITE 1900 FT. LAUDERDALE FL 33394
Evan Bernstein	officer: Chief Financial Officer	500 EAST BROWARD BLVD. SUITE 1900 FT. LAUDERDALE FL 33394
Keith Locker	director	C/O GLENBOROUGH REALTY TRUST, 400 SOUTH EL CAMINO REAL, SUITE 1100, SAN MATEO CA 94402
Morris Robert J. Jr.	director	4145 COLONEL VANDERHORST CIRCLE MT. PLEASANT SC 29466
Elias Nadim Nader	director	2295 LEIGH AVENUE SAN JOSE CA 95124
Bryan Silverstein	officer: Chief Financial Officer	601 NORTH STATE ROAD 7 PLANTATION FL 33317