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

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What is LMP Automotive Holdings Interest Expense?

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 Interest Expense Historical Data

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.

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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	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Interest Expense	Get a 7-Day Free Trial										-0.10	-0.12	-0.38	-1.29	-1.37

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.

LMP Automotive Holdings (OTCPK:LMPX) 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.

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

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

LMP Automotive Holdings (LMP Automotive Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » LMP Automotive Holdings Inc (OTCPK:LMPX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 East Broward Boulevard, Suite 1900, Fort Lauderdale, FL, USA, 33394

Website

https://www.lmpmotors.com

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.

Executives

Samer Tawfik	director, 10 percent owner, officer: President and CEO	C/O HERRICK FEINSTEIN LLP 2 PARK AVE NEW YORK NY 10016
Svetlana Limburger	director	C/O LMP AUTOMOTIVE HOLDINGS, INC. 500 EAST BROWARD BLVD., SUITE 1900 FT. LAUDERDALE FL 33394
Richard Aldahan	officer: Chief Operating Officer	500 EAST BROWARD BLVD. SUITE 1900 FL 33394
William G Cohen	director	117 HARBOR ROAD WESTPORT CT 06880
Robert Bellaflores	officer: Chief Financial Officer	500 EAST BROWARD BLVD. SUITE 1900 FT. LAUDERDALE FL 33394
Evan Bernstein	officer: Chief Financial Officer	500 EAST BROWARD BLVD. SUITE 1900 FT. LAUDERDALE FL 33394
Keith Locker	director	C/O GLENBOROUGH REALTY TRUST, 400 SOUTH EL CAMINO REAL, SUITE 1100, SAN MATEO CA 94402
Morris Robert J. Jr.	director	4145 COLONEL VANDERHORST CIRCLE MT. PLEASANT SC 29466
Elias Nadim Nader	director	2295 LEIGH AVENUE SAN JOSE CA 95124
Bryan Silverstein	officer: Chief Financial Officer	601 NORTH STATE ROAD 7 PLANTATION FL 33317