LMPX (LMP Automotive Holdings) LT-Debt-to-Total-Asset: 0.40 (As of Sep. 2021)


LMPX LMP Automotive Holdings Inc LMPX
18 GF Score
Price $0.08
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What is LMP Automotive Holdings LT-Debt-to-Total-Asset?

LMP Automotive Holdings LMPX 18 LT-Debt-to-Total-Asset is 0.40 as of Sep. 2021. GuruFocus rates LMPX with a GF Score™ of 18/100.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. LMP Automotive Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2021 was 0.40.

LMP Automotive Holdings's long-term debt to total assets ratio increased from Sep. 2020 (0.08) to Sep. 2021 (0.40). It may suggest that LMP Automotive Holdings is progressively becoming more dependent on debt to grow their business.

LMP Automotive Holdings  (OTCPK:LMPX) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

LMP Automotive Holdings LT-Debt-to-Total-Asset Related Terms

LMP Automotive Holdings LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for LMP Automotive Holdings's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

LMP Automotive Holdings Annual Data
Trend Dec17 Dec18 Dec19 Dec20
LT-Debt-to-Total-Asset
0.00 0.00 0.04 0.06

LMP Automotive Holdings Quarterly Data
Dec17 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.06 0.39 0.40 0.40
LMPX
18GF Score
LMP Automotive Holdings Inc LMPX
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LMP Automotive Holdings LT-Debt-to-Total-Asset Calculation

LMP Automotive Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )/Total Assets (A: Dec. 2020 )
=2.213/34.413
=0.06

LMP Automotive Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2021 is calculated as

LT Debt to Total Assets (Q: Sep. 2021 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2021 )/Total Assets (Q: Sep. 2021 )
=85.29/214.236
=0.40

* 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 LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.40 mean?
LMP Automotive Holdings (LMPX) has a LT-Debt-to-Total-Asset of 0.40 as of Sep. 2021. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on LMP Automotive Holdings and its competitors.
Is LMP Automotive Holdings' LT-Debt-to-Total-Asset too high?
LMP Automotive Holdings' current LT-Debt-to-Total-Asset is 0.40. 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' LT-Debt-to-Total-Asset compare to LOTZ and JZXN?
LMP Automotive Holdings' LT-Debt-to-Total-Asset of 0.40 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 LT-Debt-to-Total-Asset for a Vehicles & Parts company?
A good LT-Debt-to-Total-Asset depends on the Vehicles & Parts industry context. However, LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on LMP Automotive Holdings and its competitors. LMP Automotive Holdings's current LT-Debt-to-Total-Asset is 0.40. 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 LT-Debt-to-Total-Asset of 0.40. The current LT-Debt-to-Total-Asset is 0.40. 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 LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For LMP Automotive Holdings (LMPX), the current LT-Debt-to-Total-Asset is 0.40 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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