LMPX (LMP Automotive Holdings) Debt-to-Equity: 3.73 (As of Sep. 2021)

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LMPX LMP Automotive Holdings Inc LMPX
18 GF Score
Price $0.08
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What is LMP Automotive Holdings Debt-to-Equity?

LMP Automotive Holdings LMPX 18 Debt-to-Equity is 3.73 as of Sep. 2021. GuruFocus rates LMPX with a GF Score™ of 18/100.

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 Total Stockholders Equity for the quarter that ended in Sep. 2021 was $35.4 Mil. LMP Automotive Holdings's debt to equity for the quarter that ended in Sep. 2021 was 3.73.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

LMPX's Debt-to-Equity is not ranked *
in the Vehicles & Parts industry.
Industry Median: 0.46
* Ranked among companies with meaningful Debt-to-Equity only.

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

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


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


LMP Automotive Holdings Debt-to-Equity Related Terms


LMP Automotive Holdings Debt-to-Equity Historical Data

* Premium members only.

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

LMP Automotive Holdings Debt-to-Equity Chart

LMP Automotive Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Debt-to-Equity
0.43 0.30 0.21 0.11

LMP Automotive Holdings Quarterly Data
Dec17 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.11 4.53 4.83 3.73

LMPX vs LOTZ, JZXN, KFS: Debt-to-Equity Comparison

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

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

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


LMPX
18GF Score
LMP Automotive Holdings Inc LMPX
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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LMP Automotive Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

LMP Automotive Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 2021 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 3.73 mean?
LMP Automotive Holdings (LMPX) has a Debt-to-Equity of 3.73 as of Sep. 2021. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on LMP Automotive Holdings and its competitors.
Is LMP Automotive Holdings' Debt-to-Equity too high?
LMP Automotive Holdings' current Debt-to-Equity is 3.73. The Vehicles & Parts industry median Debt-to-Equity is 0.46. LMP Automotive Holdings' value of 3.73 is 710.9% above this industry median. Overall, LMP Automotive Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does LMP Automotive Holdings' Debt-to-Equity compare to LOTZ and JZXN?
LMP Automotive Holdings' Debt-to-Equity of 3.73 can be compared against companies in the Vehicles & Parts industry. The industry median Debt-to-Equity is 0.46. LMP Automotive Holdings' value of 3.73 is 710.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,217 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. LMP Automotive Holdings's current Debt-to-Equity of 3.73 is 710.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on LMP Automotive Holdings and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LMP Automotive Holdings's current Debt-to-Equity is 3.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LMP Automotive Holdings stock overvalued right now?
LMP Automotive Holdings (LMPX) has a current Debt-to-Equity of 3.73. The current Debt-to-Equity is 3.73 and 710.9% above the Vehicles & Parts industry median of 0.46. LMP Automotive Holdings' overall GF Score™ is 18/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For LMP Automotive Holdings (LMPX), the current Debt-to-Equity is 3.73 as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

LMP Automotive Holdings Business Description

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