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


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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.

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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 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 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

* 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.


Lyft Effective Interest Rate on Debt % Related Terms

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Lyft Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Lyft Inc (NAS:LYFT) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
185 Berry Street, Suite 400, San Francisco, CA, USA, 94107
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