Lucid Group (FRA:CH2A) Interest Expense : €-30.5 Mil (TTM As of Dec. 2024)

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What is Lucid Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lucid Group's interest expense for the three months ended in Dec. 2024 was € -9.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was €-30.5 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Lucid Group's Operating Income for the three months ended in Dec. 2024 was € -700.0 Mil. Lucid Group's Interest Expense for the three months ended in Dec. 2024 was € -9.8 Mil. Lucid Group did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Lucid Group Interest Expense Historical Data

The historical data trend for Lucid Group's Interest Expense 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 Interest Expense Chart

Lucid Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-0.05

-1.22

-28.88

-22.85

-31.44

Lucid Group Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial														-7.13	-6.90	-6.20	-7.64	-9.81

Lucid Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-30.5 Mil.

Lucid Group (FRA:CH2A) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Lucid Group's Interest Expense for the three months ended in Dec. 2024 was €-9.8 Mil. Its Operating Income for the three months ended in Dec. 2024 was €-700.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was €2,204.2 Mil.

Lucid Group's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Lucid Group did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Lucid Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lucid Group Inc (FRA:CH2A) » Definitions » Interest Expense

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Address

7373 Gateway Boulevard, Newark, CA, USA, 94560

Website

https://www.lucidmotors.com

Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It offers its own geographically distributed retail and service locations and through direct-to-consumer online and retail sales. It also boasts a product roadmap of future vehicle programs and technologies. It focuses on in-house hardware and software innovation, vertical integration, and a clean-sheet approach to engineering and design led to the development of the Lucid Air. The Lucid Air is a luxury sedan that redefines both the luxury car segment and the EV space. Its geographic segments include North America, the Middle East, and Other International.

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