LMP Automotive Holdings (LMP Automotive Holdings) Debt-to-EBITDA : 3.86 (As of Sep. 2021)

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What is LMP Automotive Holdings Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

LMP Automotive Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $46.6 Mil. LMP Automotive Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $85.3 Mil. LMP Automotive Holdings's annualized EBITDA for the quarter that ended in Sep. 2021 was $34.1 Mil. LMP Automotive Holdings's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2021 was 3.86.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for LMP Automotive Holdings's Debt-to-EBITDA or its related term are showing as below:

LMPX's Debt-to-EBITDA is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 2.36
* Ranked among companies with meaningful Debt-to-EBITDA only.

LMP Automotive Holdings Debt-to-EBITDA Historical Data

The historical data trend for LMP Automotive Holdings's Debt-to-EBITDA 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.

* Premium members only.

LMP Automotive Holdings Debt-to-EBITDA Chart

LMP Automotive Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Debt-to-EBITDA

-0.79

-0.51

-1.51

-0.98

LMP Automotive Holdings Quarterly Data
	Dec17	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Debt-to-EBITDA	Get a 7-Day Free Trial										-3.20	-0.38	-47.75	28.18	3.86

Competitive Comparison of LMP Automotive Holdings's Debt-to-EBITDA

For the Auto & Truck Dealerships subindustry, LMP Automotive Holdings's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, LMP Automotive Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where LMP Automotive Holdings's Debt-to-EBITDA falls into.

LMP Automotive Holdings Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

LMP Automotive Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2020 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(0.905	+	2.213)	/	-3.176
	=	-0.98

LMP Automotive Holdings's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2021 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(46.57	+	85.29)	/	34.14
	=	3.86

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Sep. 2021) EBITDA data.

LMP Automotive Holdings (OTCPK:LMPX) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

LMP Automotive Holdings Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of LMP Automotive Holdings's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

LMP Automotive Holdings (LMP Automotive Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » LMP Automotive Holdings Inc (OTCPK:LMPX) » Definitions » Debt-to-EBITDA

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