Lyft (LYFT) Effective Interest Rate on Debt % : 2.55% (As of Sep. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Lyft Effective Interest Rate on Debt %?

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. Lyft's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $29 Mil. Lyft's average total debt for the quarter that ended in Sep. 2024 was $1,157 Mil. Therefore, Lyft's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 2.55%.

Lyft Effective Interest Rate on Debt % Historical Data

The historical data trend for Lyft'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.

* Premium members only.

Lyft Effective Interest Rate on Debt % Chart

Lyft Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

4.44

5.24

1.94

2.49

Lyft Quarterly Data
	Dec19	Mar20	Jun20	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															2.40	3.23	2.58	2.73	2.55

Competitive Comparison of Lyft's Effective Interest Rate on Debt %

For the Software - Application subindustry, Lyft'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.

Lyft's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Lyft's Effective Interest Rate on Debt % distribution charts can be found below:

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

Lyft Effective Interest Rate on Debt % Calculation

Lyft'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 * -26.223	/	( (1061.653	+	1041.818)	/ 2 )
=	-1 * -26.223	/	1051.7355
=	2.49 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	979.563	+	82.09
=	1061.653

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	973.464	+	68.354
=	1041.818

Lyft'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 * -29.448	/	( (1163.871	+	1149.93)	/ 2 )
=	-1 * -29.448	/	1156.9005
=	2.55 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	691.436	+	472.435
=	1163.871

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	678.254	+	471.676
=	1149.93

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.

Lyft (NAS:LYFT) Effective Interest Rate on Debt % Explanation

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

Lyft Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Lyft's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Lyft Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lyft Inc (NAS:LYFT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LYFT:Mexico 1LYFT:Italy LY0:Germany

Address

185 Berry Street, Suite 400, San Francisco, CA, USA, 94107

Website

https://www.lyft.com

Lyft is the second-largest ride-sharing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.

Executives

Logan Green	director, officer: Chief Executive Officer	C/O EBAY INC., 2025 HAMILTON AVE., SAN JOSE CA 95125
John Patrick Zimmer	director, officer: President	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
John David Risher	director	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Lisa Blackwood-kapral	officer: Chief Accounting Officer	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Kristin Sverchek	officer: General Counsel and Secretary	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Erin Brewer	officer: Chief Financial Officer	MCKESSON CORPORATION, ONE POST STREET, SAN FRANCISCO CA 94104
Prashant Aggarwal	director	C/O ARLO TECHNOLOGIES, INC., 350 EAST PLUMERIA DR, SAN JOSE CA 95134
Mary Agnes Wilderotter	director	115 ALPINE TERRACE, OAKLAND CA 94618
Dave Stephenson	director	C/O AIRBNB, INC., 888 BRANNAN STREET, SAN FRANCISCO CA 94103
Janey Whiteside	director	C/O LENDINGCLUB CORPORATION, 595 MARKET ST., #200, SAN FRANCISCO CA 94105
Elaine Paul	officer: Chief Financial Officer	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Ashwin Raj	officer: Head of Rideshare	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
David Lawee	director	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107
Brian Keith Roberts	officer: Chief Financial Officer	C/O LYFT, INC., 185 BERRY STREET, SUITE 5000, SAN FRANCISCO CA 94107
Ariel M. Cohen	director	C/O LYFT, INC., 185 BERRY STREET, SUITE 400, SAN FRANCISCO CA 94107