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Vroom (VRM) Effective Interest Rate on Debt % : 5.45% (As of Mar. 2024)


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What is Vroom 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. Vroom's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $62.9 Mil. Vroom's average total debt for the quarter that ended in Mar. 2024 was $1,153.6 Mil. Therefore, Vroom's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.45%.


Vroom Effective Interest Rate on Debt % Historical Data

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

Vroom Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 9.95 3.71 2.95 3.83 4.10

Vroom 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 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 3.34 3.20 4.05 4.66 5.45

Competitive Comparison of Vroom's Effective Interest Rate on Debt %

For the Auto & Truck Dealerships subindustry, Vroom'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.


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

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

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



Vroom Effective Interest Rate on Debt % Calculation

Vroom'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  *  -45.445/( (985.758+1232.949)/ 2 )
=-1  *  -45.445/1109.3535
=4.10 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=422.283 + 563.475
=985.758

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=479.356 + 753.593
=1232.949

Vroom'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  *  -62.924/( (1232.949+1074.227)/ 2 )
=-1  *  -62.924/1153.588
=5.45 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=479.356 + 753.593
=1232.949

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=557.951 + 516.276
=1074.227

* 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.


Vroom  (NAS:VRM) Effective Interest Rate on Debt % Explanation

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


Vroom Effective Interest Rate on Debt % Related Terms

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Vroom (VRM) Business Description

Industry
Traded in Other Exchanges
Address
3600 West Sam Houston Parkway South, Floor 4, Houston, TX, USA, 77042
Vroom Inc is an end-to-end e-commerce platform for the used vehicle industry. The Company's scalable, data-driven technology brings all phases of the car buying and selling process to consumers offering an extensive selection of used vehicles, transparent pricing, competitive financing, and at-home pick-up and delivery. Its three reportable segments are: The E-commerce segment represents retail sales of used vehicles through its e-commerce platform and fees earned on sales of value-added products associated with those vehicle sales, The Wholesale segment represents sales of used vehicles through wholesale channels, and The Retail Financing segment represents UACC's operations with its network of third-party dealership customers.
Executives
Thomas H Shortt officer: Chief Operating Officer C/O VROOM INC, 1375 BROADWAY, 11TH FLOOR, NEW YORK NY 10018
Agnieszka Zakowicz officer: Principal Accounting Officer C/O VROOM, INC., 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018
Robert R. Krakowiak officer: Chief Financial Officer 633 NATALIE LANE, NORTHVILLE MI 48167
Mylod Robert J Jr director
Patricia Moran officer: See remarks GREENHILL & CO., 300 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022
Carol Denise Stott officer: See remarks C/O VROOM, INC., 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018
Laura W Lang director DIGITAS INC., 800 BOYLSTON STREET, BOSTON MA 02199
Timothy M Crow director 2455 PACES FERRY ROAD, NW, ATLANTA GA 30339
Paul J. Hennessy director, officer: Chief Executive Officer C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Catterton Management Company, L.l.c. director, 10 percent owner 599 WEST PUTNAM AVENUE, GREENWICH CT 06830
David K. Jones officer: Chief Financial Officer 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018
Scott Arnold Dahnke director, 10 percent owner 599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Cgp2 Lone Star, L.p. 10 percent owner 599 WEST PUTNAM AVENUE, GREENWICH CT 06930
Frederick Terrell director 17 STATE STREET, NEW YORK NY 10004
Paula B Pretlow director C/O CION ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067