The Lion Electric Co (TSX:LEV) Effective Interest Rate on Debt % : 4.71% (As of Dec. 2023)

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What is The Lion Electric Co 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. The Lion Electric Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$20.1 Mil. The Lion Electric Co's average total debt for the quarter that ended in Dec. 2023 was C$427.4 Mil. Therefore, The Lion Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.71%.

The Lion Electric Co Effective Interest Rate on Debt % Historical Data

The historical data trend for The Lion Electric Co'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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The Lion Electric Co Effective Interest Rate on Debt % Chart

The Lion Electric Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

4.69

8.31

0.53

5.75

The Lion Electric Co Quarterly Data
	Dec19	May20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											-3.27	2.34	4.01	11.65	4.71

Competitive Comparison of The Lion Electric Co's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, The Lion Electric Co'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.

The Lion Electric Co's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Lion Electric Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

The Lion Electric Co Effective Interest Rate on Debt % Calculation

The Lion Electric Co'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 * -19.994	/	( (236.643	+	458.737)	/ 2 )
=	-1 * -19.994	/	347.69
=	5.75 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	229.531	+	7.112
=	236.643

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	411.726	+	47.011
=	458.737

The Lion Electric Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -20.14	/	( (395.972	+	458.737)	/ 2 )
=	-1 * -20.14	/	427.3545
=	4.71 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	379.865	+	16.107
=	395.972

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	411.726	+	47.011
=	458.737

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

The Lion Electric Co (TSX:LEV) Effective Interest Rate on Debt % Explanation

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

The Lion Electric Co Effective Interest Rate on Debt % Related Terms

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The Lion Electric Co (TSX:LEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » The Lion Electric Co (TSX:LEV) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LEV:USA 70U:Germany

Address

921 chemin de la Riviere-du-Nord, Saint-Jerome, QC, CAN, J7Y 5G2

Website

https://www.thelionelectric.com

The Lion Electric Co. includes designing, developing, manufacturing and distributing purpose-built all-electric medium and heavy-duty urban vehicles including battery systems, chassis, bus bodies and truck cabins. The Group also distributes truck and bus parts and accessories. The Group has one reportable operating segment, the manufacturing and sales of electric vehicles in Canada and in the United States. Geographically, the majority of revenue is generated from Canada.