FLES (Auto Parts 4Less Group) Effective Interest Rate on Debt %: 28.15% (As of Oct. 2023)


FLES Auto Parts 4Less Group Inc FLES
12 GF Score
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What is Auto Parts 4Less Group Effective Interest Rate on Debt %?

Auto Parts 4Less Group FLES 12 Effective Interest Rate on Debt % is 28.15% as of Oct. 2023. GuruFocus rates FLES with a GF Score™ of 12/100.

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. Auto Parts 4Less Group's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $4.27 Mil. Auto Parts 4Less Group's average total debt for the quarter that ended in Oct. 2023 was $15.16 Mil. Therefore, Auto Parts 4Less Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 28.15%.

Auto Parts 4Less Group  (OTCPK:FLES) Effective Interest Rate on Debt % Explanation

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

Auto Parts 4Less Group Effective Interest Rate on Debt % Related Terms

Auto Parts 4Less Group Effective Interest Rate on Debt % Historical Data

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The historical data trend for Auto Parts 4Less Group'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.

Auto Parts 4Less Group Effective Interest Rate on Debt % Chart

Auto Parts 4Less Group Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.62 62.53 28.74 60.54 128.11

Auto Parts 4Less Group Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 151.21 173.97 39.46 40.30 28.15

FLES vs REII, MBLY, APTV: Effective Interest Rate on Debt % Comparison

For the Auto Parts subindustry, Auto Parts 4Less Group'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.

Auto Parts 4Less Group Effective Interest Rate on Debt % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Auto Parts 4Less Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Auto Parts 4Less Group's Effective Interest Rate on Debt % falls into.


FLES
12GF Score
Auto Parts 4Less Group Inc FLES
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Auto Parts 4Less Group Effective Interest Rate on Debt % Calculation

Auto Parts 4Less Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2022 )+Total Debt  (A: Jan. 2023 ))/ count )
=-1  *  -11.781/( (4.614+13.778)/ 2 )
=-1  *  -11.781/9.196
=128.11 %

where

Total Debt  (A: Jan. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.254 + 4.36
=4.614

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.172 + 13.606
=13.778

Auto Parts 4Less Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2023 )+Total Debt  (Q: Oct. 2023 ))/ count )
=-1  *  -4.268/( (15.049+15.273)/ 2 )
=-1  *  -4.268/15.161
=28.15 %

where

Total Debt  (Q: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.116 + 14.933
=15.049

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.106 + 15.167
=15.273

* 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 (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 28.15% mean?
Auto Parts 4Less Group (FLES) has a Effective Interest Rate on Debt % of 28.15% as of Oct. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Auto Parts 4Less Group and its competitors.
Is Auto Parts 4Less Group's Effective Interest Rate on Debt % too high?
Auto Parts 4Less Group's current Effective Interest Rate on Debt % is 28.15%. Overall, Auto Parts 4Less Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Auto Parts 4Less Group's Effective Interest Rate on Debt % compare to REII and MBLY?
Auto Parts 4Less Group's Effective Interest Rate on Debt % of 28.15% can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Vehicles & Parts company?
A good Effective Interest Rate on Debt % depends on the Vehicles & Parts industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Auto Parts 4Less Group and its competitors. Auto Parts 4Less Group's current Effective Interest Rate on Debt % is 28.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auto Parts 4Less Group stock overvalued right now?
Auto Parts 4Less Group (FLES) has a current Effective Interest Rate on Debt % of 28.15%. The current Effective Interest Rate on Debt % is 28.15%. Auto Parts 4Less Group's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Auto Parts 4Less Group (FLES), the current Effective Interest Rate on Debt % is 28.15% as of Oct. 2023. 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.

Auto Parts 4Less Group Business Description

Address 106 W. Mayflower, Las Vegas, NV, USA, 89030
Auto Parts 4Less Group Inc is an e-commerce auto parts sales company. It offers parts and accessories that are manufactured, sold, and distributed for cars, light trucks, and other passenger vehicles motorcycles, all-terrain vehicles, utility terrain vehicles, boats, and others.
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