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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%.
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.
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 |
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.
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'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 |
* 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.
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.
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.
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 |
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