LMPX (LMP Automotive Holdings) Interest Expense: $-3.2 Mil (TTM As of Sep. 2021)


LMPX LMP Automotive Holdings Inc LMPX
18 GF Score
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What is LMP Automotive Holdings Interest Expense?

LMP Automotive Holdings LMPX 18 Interest Expense is $-3.2 Mil as of Sep. 2021. GuruFocus rates LMPX with a GF Score™ of 18/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LMP Automotive Holdings's interest expense for the three months ended in Sep. 2021 was $ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2021 was $-3.2 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. LMP Automotive Holdings's Operating Income for the three months ended in Sep. 2021 was $ 6.2 Mil. LMP Automotive Holdings's Interest Expense for the three months ended in Sep. 2021 was $ -1.4 Mil. LMP Automotive Holdings's Interest Coverage for the quarter that ended in Sep. 2021 was 4.50. 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.

LMP Automotive Holdings  (OTCPK:LMPX) Interest Expense Explanation

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. The higher, the better.

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

LMP Automotive Holdings's Interest Expense for the three months ended in Sep. 2021 was $-1.4 Mil. Its Operating Income for the three months ended in Sep. 2021 was $6.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2021 was $85.3 Mil.

LMP Automotive Holdings's Interest Coverage for the quarter that ended in Sep. 2021 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2021 )/Interest Expense (Q: Sep. 2021 )
=-1*6.171/-1.37
=4.50

* 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.

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

LMP Automotive Holdings Interest Expense Historical Data

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The historical data trend for LMP Automotive Holdings'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.

LMP Automotive Holdings Interest Expense Chart

LMP Automotive Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Interest Expense
-0.01 -0.03 -0.04 -0.33

LMP Automotive Holdings Quarterly Data
Dec17 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.10 -0.12 -0.38 -1.29 -1.37
LMPX
18GF Score
LMP Automotive Holdings Inc LMPX
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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LMP Automotive Holdings 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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.2 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of $-3.2 Mil mean?
LMP Automotive Holdings (LMPX) has a Interest Expense of $-3.2 Mil as of Sep. 2021. Interest Expense is the amount a company pays on its long-term debt. View historical data on LMP Automotive Holdings and its competitors.
Is LMP Automotive Holdings' Interest Expense too high?
LMP Automotive Holdings' current Interest Expense is $-3.2 Mil. Overall, LMP Automotive Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does LMP Automotive Holdings' Interest Expense compare to LOTZ and JZXN?
LMP Automotive Holdings' Interest Expense of $-3.2 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Vehicles & Parts company?
A good Interest Expense depends on the Vehicles & Parts industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on LMP Automotive Holdings and its competitors. LMP Automotive Holdings's current Interest Expense is $-3.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LMP Automotive Holdings stock overvalued right now?
LMP Automotive Holdings (LMPX) has a current Interest Expense of $-3.2 Mil. The current Interest Expense is $-3.2 Mil. LMP Automotive Holdings' overall GF Score™ is 18/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For LMP Automotive Holdings (LMPX), the current Interest Expense is $-3.2 Mil as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

LMP Automotive Holdings Business Description

Address 500 East Broward Boulevard, Suite 1900, Fort Lauderdale, FL, USA, 33394
LMP Automotive Holdings Inc is an e-commerce and facilities-based retail platform for consumers who desire to buy, sell, rent, subscribe for or finance pre-owned and new automobiles. Its business model is described as Buy, Rent or Subscribe, Sell and Repeat. The company offer sales of pre-owned automobiles, and rentals and subscriptions for both pre-owned and new automobiles.
18GF Score

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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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