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Lotus Technology (Lotus Technology) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)


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What is Lotus Technology 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. Lotus Technology's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.0 Mil. Lotus Technology's average total debt for the quarter that ended in Dec. 2023 was $977.5 Mil. Therefore, Lotus Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Lotus Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Lotus Technology'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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Lotus Technology Effective Interest Rate on Debt % Chart

Lotus Technology Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
1.66 1.95 1.27

Lotus Technology Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % - 5.05 0.92 0.83 -

Competitive Comparison of Lotus Technology's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, Lotus Technology'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.

Lotus Technology's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Lotus Technology's Effective Interest Rate on Debt % falls into.


Lotus Technology Effective Interest Rate on Debt % Calculation

Lotus Technology'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  *  -10.2/( (658.603+942.043)/ 2 )
=-1  *  -10.2/800.323
=1.27 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=247.695 + 410.908
=658.603

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=261.306 + 680.737
=942.043

Lotus Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  0/( (1012.866+942.043)/ 2 )
=-1  *  0/977.4545
=0.00 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=242.121 + 770.745
=1012.866

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=261.306 + 680.737
=942.043

* 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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Lotus Technology  (NAS:LOT) Effective Interest Rate on Debt % Explanation

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

Lotus Technology Effective Interest Rate on Debt % Related Terms

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Lotus Technology (Lotus Technology) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lotus Technology Inc (NAS:LOT) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
Traded in Other Exchanges
5EP:Germany
Address
No. 800 Century Avenue, Pudong District, Shanghai, CHN, 200120
Website
https://www.group-lotus.com
Lotus Technology Inc is a battery electric vehicle (BEV) maker that designs, develops, and sells BEV lifestyle vehicles under the Lotus brand. The Group is also a distributor that sells luxury sports cars under the Lotus brand.

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