LEVGQ (The Lion Electric Co) Effective Interest Rate on Debt %: 13.39% (As of Sep. 2024)


LEVGQ The Lion Electric Co LEVGQ
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What is The Lion Electric Co Effective Interest Rate on Debt %?

The Lion Electric Co LEVGQ 12 Effective Interest Rate on Debt % is 13.39% as of Sep. 2024. GuruFocus rates LEVGQ 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. The Lion Electric Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $51.4 Mil. The Lion Electric Co's average total debt for the quarter that ended in Sep. 2024 was $383.5 Mil. Therefore, The Lion Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 13.39%.


The Lion Electric Co  (OTCPK:LEVGQ) Effective Interest Rate on Debt % Explanation

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


The Lion Electric Co Effective Interest Rate on Debt % Related Terms


The Lion Electric Co Effective Interest Rate on Debt % Historical Data

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The historical data trend for The Lion Electric Co'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.

The Lion Electric Co Effective Interest Rate on Debt % Chart

The Lion Electric Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
0.00 4.69 8.32 0.52 5.77

The Lion Electric Co Quarterly Data
May20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 8.02 8.25 12.34 12.49 13.39

LEVGQ vs UGRO, NKLAQ, ARTW: Effective Interest Rate on Debt % Comparison

For the Farm & Heavy Construction Machinery subindustry, The Lion Electric Co'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.


The Lion Electric Co Effective Interest Rate on Debt % vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Lion Electric Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


LEVGQ
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The Lion Electric Co LEVGQ
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The Lion Electric Co Effective Interest Rate on Debt % Calculation

The Lion Electric Co'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  *  -14.903/( (174.194+341.933)/ 2 )
=-1  *  -14.903/258.0635
=5.77 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=168.959 + 5.235
=174.194

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=306.892 + 35.041
=341.933

The Lion Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -51.356/( (375.005+392.085)/ 2 )
=-1  *  -51.356/383.545
=13.39 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=334.882 + 40.123
=375.005

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=234.354 + 157.731
=392.085

* 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 (Sep. 2024) 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 13.39% mean?
The Lion Electric Co (LEVGQ) has a Effective Interest Rate on Debt % of 13.39% as of Sep. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on The Lion Electric Co and its competitors.
Is The Lion Electric Co's Effective Interest Rate on Debt % too high?
The Lion Electric Co's current Effective Interest Rate on Debt % is 13.39%. Overall, The Lion Electric Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Lion Electric Co's Effective Interest Rate on Debt % compare to UGRO and NKLAQ?
The Lion Electric Co's Effective Interest Rate on Debt % of 13.39% can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Effective Interest Rate on Debt % depends on the Farm & Heavy Construction Machinery 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 The Lion Electric Co and its competitors. The Lion Electric Co's current Effective Interest Rate on Debt % is 13.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Lion Electric Co stock overvalued right now?
The Lion Electric Co (LEVGQ) has a current Effective Interest Rate on Debt % of 13.39%. The current Effective Interest Rate on Debt % is 13.39%. The Lion Electric Co'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 The Lion Electric Co (LEVGQ), the current Effective Interest Rate on Debt % is 13.39% as of Sep. 2024. 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.

The Lion Electric Co Business Description

Address 921 chemin de la Riviere-du-Nord, Saint-Jerome, QC, CAN, J7Y 5G2
The Lion Electric Co. includes designing, developing, manufacturing and distributing purpose-built all-electric medium and heavy-duty urban vehicles including battery systems, chassis, bus bodies and truck cabins. The Group also distributes truck and bus parts and accessories. The Group has one reportable operating segment, the manufacturing and sales of electric vehicles in Canada and in the United States. Geographically, the majority of revenue is generated from Canada.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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