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Lucid Group (Lucid Group) Effective Interest Rate on Debt % : 1.24% (As of Mar. 2024)


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What is Lucid Group 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. Lucid Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $30.0 Mil. Lucid Group's average total debt for the quarter that ended in Mar. 2024 was $2,425.7 Mil. Therefore, Lucid Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.24%.


Lucid Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Lucid Group'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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Lucid Group Effective Interest Rate on Debt % Chart

Lucid Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 6.53 0.13 1.35 1.04

Lucid Group Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.21 1.14 0.56 1.29 1.24

Competitive Comparison of Lucid Group's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, Lucid Group'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.


Lucid Group's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

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

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



Lucid Group Effective Interest Rate on Debt % Calculation

Lucid Group'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  *  -24.915/( (2348.469+2427.901)/ 2 )
=-1  *  -24.915/2388.185
=1.04 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2317.019 + 31.45
=2348.469

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2318.735 + 109.166
=2427.901

Lucid Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -30.004/( (2427.901+2423.469)/ 2 )
=-1  *  -30.004/2425.685
=1.24 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2318.735 + 109.166
=2427.901

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2313.139 + 110.33
=2423.469

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Lucid Group  (NAS:LCID) Effective Interest Rate on Debt % Explanation

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


Lucid Group Effective Interest Rate on Debt % Related Terms

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Lucid Group (Lucid Group) Business Description

Traded in Other Exchanges
Address
7373 Gateway Boulevard, Newark, CA, USA, 94560
Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.
Executives
Michael Bell officer: Senior Vice President, Digital C/O SILVER SPRING NETWORKS, INC., 555 BROADWAY STREET, REDWOOD CITY CA 94063
Ayar Third Investment Co director, 10 percent owner C/O THE PUBLIC INVESTMENT FUND, P.O. BOX 6847, RIYADH T0 11452
Investment Fund Public director, 10 percent owner THE PUBLIC INVESTMENT FUND TOWER,, KING ABDULLAH FINANCIAL DISTRICT (KAFD), AL AQIQ DISTRICT, RIYADH T0 13519
Eric Bach officer: SVP, Product & Chief Engineer 7373 GATEWAY BLVD,, NEWARK CA 94560
Sherry Ann House officer: Chief Financial Officer 7373 GATEWAY BLVD,, NEWARK CA 94560
Peter Dore Rawlinson director, officer: CEO & Chief Technology Officer 7373 GATEWAY BLVD, NEWARK CA 94560
Gagan Dhingra officer: VP of Acctng & Internal Ctrl 50 HAWTHORNE ST, SAN FRANCISCO CA 94105
Chabi Nouri director C/O LUCID GROUP, INC., 7373 GATEWAY BLVD., NEWARK CA 94560
Sherif Marakby director 6061 FAIRBORN DR, CANTON MI 48187
Ori Winitzer director C/O LUCID GROUP, INC., 7373 GATEWAY BLVD., NEWARK CA 94560
Glenn R August director C/O OHA - 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Turqi A. Alnowaiser director, 10 percent owner C/O THE PUBLIC INVESTMENT FUND, P.O. BOX 6847, RIYADH T0 11452
Anthony L Posawatz director 8071 PINE FOREST CT, DAVISBURY MI 48350
Nichelle Maynard-elliott director PLATFORM SPECIALTY PRODUCTS CORPORATION, 383 MAIN AVENUE, NORWALK CT 06851
Janet S. Wong director 2510 LAKE FRONT CIRCLE, THE WOODLANDS TX 77380-1576