LMPX (LMP Automotive Holdings) Effective Interest Rate on Debt %: 3.93% (As of Sep. 2021)


LMPX LMP Automotive Holdings Inc LMPX
18 GF Score
Price $0.08
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What is LMP Automotive Holdings Effective Interest Rate on Debt %?

LMP Automotive Holdings LMPX +1.25% 18 Effective Interest Rate on Debt % is 3.93% as of Sep. 2021. GuruFocus rates LMPX with a GF Score™ of 18/100.

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. LMP Automotive Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was $5.5 Mil. LMP Automotive Holdings's average total debt for the quarter that ended in Sep. 2021 was $139.4 Mil. Therefore, LMP Automotive Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 was 3.93%.

LMP Automotive Holdings  (OTCPK:LMPX) Effective Interest Rate on Debt % Explanation

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

LMP Automotive Holdings Effective Interest Rate on Debt % Related Terms

LMP Automotive Holdings Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for LMP Automotive Holdings'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.

LMP Automotive Holdings Effective Interest Rate on Debt % Chart

LMP Automotive Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Effective Interest Rate on Debt %
1.28 1.53 1.12 10.32

LMP Automotive Holdings Quarterly Data
Dec17 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 6.96 13.31 1.89 3.41 3.93

LMPX vs LOTZ, JZXN, KFS: Effective Interest Rate on Debt % Comparison

For the Auto & Truck Dealerships subindustry, LMP Automotive Holdings'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.

LMP Automotive Holdings Effective Interest Rate on Debt % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, LMP Automotive Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where LMP Automotive Holdings's Effective Interest Rate on Debt % falls into.


LMPX
18GF Score
LMP Automotive Holdings Inc LMPX
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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LMP Automotive Holdings Effective Interest Rate on Debt % Calculation

LMP Automotive Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2019 )+Total Debt  (A: Dec. 2020 ))/ count )
=-1  *  -0.331/( (3.295+3.118)/ 2 )
=-1  *  -0.331/3.2065
=10.32 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.795 + 2.5
=3.295

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.213 + 0.905
=3.118

LMP Automotive Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2021 )+Total Debt  (Q: Sep. 2021 ))/ count )
=-1  *  -5.48/( (147.007+131.86)/ 2 )
=-1  *  -5.48/139.4335
=3.93 %

where

Total Debt  (Q: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=88.416 + 58.591
=147.007

Total Debt  (Q: Sep. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=85.29 + 46.57
=131.86

* 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. 2021) 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 3.93% mean?
LMP Automotive Holdings (LMPX) has a Effective Interest Rate on Debt % of 3.93% as of Sep. 2021. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on LMP Automotive Holdings and its competitors.
Is LMP Automotive Holdings' Effective Interest Rate on Debt % too high?
LMP Automotive Holdings' current Effective Interest Rate on Debt % is 3.93%. 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' Effective Interest Rate on Debt % compare to LOTZ and JZXN?
LMP Automotive Holdings' Effective Interest Rate on Debt % of 3.93% 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 LMP Automotive Holdings and its competitors. LMP Automotive Holdings's current Effective Interest Rate on Debt % is 3.93%. 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 Effective Interest Rate on Debt % of 3.93%. The current Effective Interest Rate on Debt % is 3.93%. 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 Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For LMP Automotive Holdings (LMPX), the current Effective Interest Rate on Debt % is 3.93% 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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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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