Lithia Motors (Lithia Motors) Interest Expense : $-325 Mil (TTM As of Dec. 2023)

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What is Lithia Motors Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lithia Motors's interest expense for the three months ended in Dec. 2023 was $ 18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-325 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Lithia Motors's Operating Income for the three months ended in Dec. 2023 was $ 480 Mil. Lithia Motors's Interest Expense for the three months ended in Dec. 2023 was $ 18 Mil. Lithia Motors did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Lithia Motors Interest Expense Historical Data

The historical data trend for Lithia Motors's Interest Expense 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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Lithia Motors Interest Expense Chart

Lithia Motors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-133.40

-106.00

-125.70

-167.90

-352.10

Lithia Motors Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-34.40	-104.20	-97.30	-141.20	17.50

Lithia Motors Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-325 Mil.

Lithia Motors (NYSE:LAD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Lithia Motors's Interest Expense for the three months ended in Dec. 2023 was $18 Mil. Its Operating Income for the three months ended in Dec. 2023 was $480 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $7,583 Mil.

Lithia Motors's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

The higher the ratio, the stronger the company's financial strength is.

Lithia Motors (Lithia Motors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lithia Motors Inc (NYSE:LAD) » Definitions » Interest Expense

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LMO:Germany

Address

150 N. Bartlett Street, Medford, OR, USA, 97501

Website

https://www.lithia.com

Lithia Motors is a retailer of new and used vehicles and related services. The company offers over 45 brands of vehicles at about 350 stores globally including 28 U.S. states at year-end 2022 and entered Canada in mid-2021 with the purchase of Pfaff Automotive and bought Jardine and soon Pendragon in the U.K. in 2023. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the U.S. and we expect more deals over time in the U.S. and abroad. Annual revenue in 2022 was $28.2 billion and we see over $50 billion possible in 2025. In 2022, new-car sales were about 46% of total revenue. Lithia was founded in 1946, went public in 1996, and is now the largest U.S. auto dealer. It is based in Medford, Oregon.

Executives

Shauna Mcintyre	director	150 N. BARTLETT STREET, MEDFORD OR 97501
Sidney B Deboer	director, officer: Executive Chairman	234 VISTA ST., ASHLAND OR 97520
Bryan B Deboer	director, officer: Chief Executive officer	150 N. BARTLETT STREET, MEDFORD OR 97501
Tina Miller	officer: VP, CAO & Principal Fin. Off.	150 N. BARTLETT ST., MEDFORD OR 97501
Chris Holzshu	officer: Sr. Vice President & CFO	150 N. BARTLETT STREET, MEDFORD OR 97501
David Stork	officer: Senior Vice President	150 N. BARTLETT STREET, MEDFORD OR 97501
George N Hines	officer: SVP, Chief Tech. & Innov. Off.	150 N. BARTLETT ST., MEDFORD OR 97501
Loretz Congdon Stacy	director	C/O CORE-MARK HOLDING CO. INC., 395 OYSTER POINT BLVD., SUITE 415, SOUTH SAN FRANCISCO CA 94080
Gary M Glandon	officer: Chief People Officer	C/O LITHIA MOTORS, INC., 150 NORTH BARTLETT STREET, MEDFORD OR 97501
James E. Lentz	director	C/O LITHIA MOTORS INC., 150 NORTH BARTLETT STREET, MEDFORD OR 97501
Louis Miramontes	director	150 N. BARTLETT ST., MEDFORD OR 97501
Scott Hillier	officer: Sr. VP of Operations	150 N. BARTLETT STREET, MEDFORD OR 97501
Kenneth E Roberts	director	150 N. BARTLETT ST., MEDFORD OR 97501
Marguerite Celeste	officer: Senior Vice President	150 N BARTLETT STREET, MEDFORD OR 97501
Susan O Cain	director	150 NORTH BARTLETT STREET, MEDFORD OR 97501