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Lazydays Holdings (Lazydays Holdings) Effective Interest Rate on Debt % : 7.69% (As of Mar. 2024)


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What is Lazydays Holdings 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. Lazydays Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $49 Mil. Lazydays Holdings's average total debt for the quarter that ended in Mar. 2024 was $634 Mil. Therefore, Lazydays Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.69%.


Lazydays Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Lazydays Holdings'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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Lazydays Holdings Effective Interest Rate on Debt % Chart

Lazydays Holdings Annual Data
Trend Nov15 Nov16 Nov17 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 8.96 3.47 2.93 4.00 6.00

Lazydays Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.93 6.59 7.16 7.11 7.69

Competitive Comparison of Lazydays Holdings's Effective Interest Rate on Debt %

For the Auto & Truck Dealerships subindustry, Lazydays Holdings'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.


Lazydays Holdings's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lazydays Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Lazydays Holdings's Effective Interest Rate on Debt % falls into.



Lazydays Holdings Effective Interest Rate on Debt % Calculation

Lazydays Holdings'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  *  -34.882/( (482.353+680.245)/ 2 )
=-1  *  -34.882/581.299
=6.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=122.656 + 359.697
=482.353

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=224.572 + 455.673
=680.245

Lazydays Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -48.796/( (680.245+588.651)/ 2 )
=-1  *  -48.796/634.448
=7.69 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=224.572 + 455.673
=680.245

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=212.051 + 376.6
=588.651

* 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.

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Lazydays Holdings  (NAS:GORV) Effective Interest Rate on Debt % Explanation

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


Lazydays Holdings Effective Interest Rate on Debt % Related Terms

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Lazydays Holdings (Lazydays Holdings) Business Description

Traded in Other Exchanges
Address
4042 Park Oaks Boulevard, Suite 350, Tampa, FL, USA, 33610
Lazydays Holdings Inc operates recreational vehicle dealerships. It provides products and services for RV owners and outdoor enthusiasts. The company generate revenue providing a full spectrum of RV products: New and pre-owned RV sales, RV-parts and service, financing and insurance products, third-party protection plans, after-market parts and accessories, and RV camping facilities.
Executives
John F North director, officer: Chief Executive Officer 150 N. BARTLETT STREET, MEDFORD OR 97501
Kelly Porter officer: Chief Financial Officer 4042 PARK OAKS BLVD, SUITE 350, TAMPA FL 33610
Coliseum Capital Management, Llc director, 10 percent owner 105 ROWAYTON AVENUE, ROWAYTON CT 06853
Susan Scarola director 4042 PARK OAKS BLVD, SUITE 350, TAMPA FL 33610
Suzanne Tager director 4042 PARK OAKS BLVD, SUITE 350, TAMPA FL 33610
David Kanen 10 percent owner, other: See Explanation of Responses 6429 NW 65TH WAY, PARKLAND FL 33067
Nicholas J Tomashot officer: Chief Financial Officer C/O LAZYDAYS HOLDINGS, INC., 6130 LAZY DAYS BOULEVARD, SEFFNER FL 33584
B. Riley Financial, Inc. 10 percent owner 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Philotimo Fund, Lp other: See Explanation of Responses 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Philotimo Focused Growth & Income Fund other: See Explanation of Responses 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Kanen Wealth Management Llc 10 percent owner, other: See Explanation of Responses 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076
Bryant R Riley 10 percent owner C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Brf Investments, Llc 10 percent owner 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
B. Riley Principal Investments, Llc 10 percent owner 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
B. Riley Securities, Inc. 10 percent owner 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025