Lemonade (Lemonade) Effective Interest Rate on Debt % : 12.33% (As of Mar. 2024)

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What is Lemonade 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. Lemonade's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $6.0 Mil. Lemonade's average total debt for the quarter that ended in Mar. 2024 was $48.7 Mil. Therefore, Lemonade's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.33%.

Lemonade Effective Interest Rate on Debt % Historical Data

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

Lemonade Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.79

4.17

10.73

Lemonade 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															13.95	12.25	9.26	11.93	12.33

Competitive Comparison of Lemonade's Effective Interest Rate on Debt %

For the Insurance - Property & Casualty subindustry, Lemonade'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.

Lemonade's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Lemonade's Effective Interest Rate on Debt % distribution charts can be found below:

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

Lemonade Effective Interest Rate on Debt % Calculation

Lemonade'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 * -4.2	/	( (35.2	+	43.1)	/ 2 )
=	-1 * -4.2	/	39.15
=	10.73 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.2	+	0
=	35.2

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43.1	+	0
=	43.1

Lemonade'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 * -6	/	( (43.1	+	54.2)	/ 2 )
=	-1 * -6	/	48.65
=	12.33 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43.1	+	0
=	43.1

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54.2	+	0
=	54.2

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.

Lemonade (NYSE:LMND) Effective Interest Rate on Debt % Explanation

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

Lemonade Effective Interest Rate on Debt % Related Terms

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Lemonade (Lemonade) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Lemonade Inc (NYSE:LMND) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LMND:Mexico LE0:Germany

Address

5 Crosby Street, 3rd Floor, New York, NY, USA, 10013

Website

https://www.lemonade.com

Lemonade Inc operates in the insurance industry. The company offers digital and artificial intelligence based platform for various insurances and for settling claims and paying premiums. The platform ensures transparency in issuing policies and settling disputes. Geographically, it operates in California, Texas, New York, New Jersey, Illinois, Georgia, Washington, Colorado, Pennsylvania, Virginia and others.

Executives

John Sheldon Peters	officer: Chief Insurance Officer	C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013
Timothy E Bixby	officer: Chief Financial Officer	C/O SHUTTERSTOCK, 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118
Alex Clavel	10 percent owner	PO BOX 1093, BOUNDARY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Michael A Eisenberg	director, 10 percent owner	C/O SHOPPING.COM, 8000 MARINA BLVD. 5TH FLOOR, BRISBANE CA 94005
Adina Eckstein	officer: Chief Operating Officer	C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013
Irina Novoselsky	director	C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013
Silvija Martincevic	director	C/O AFFIRM HOLDINGS, INC., 650 CALIFORNIA STREET, SAN FRANCISCO CA 94108
Becker Caryn Seidman	director	65 EAST 55TH STREET, 17TH FLOOR, NEW YORK NY 10022
Jorge Espinel	officer: CBDO	C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013
George Thompson Hutton	director	C/O WHITE MOUNTAINS INSURANCE GROUP, LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755
Joel E Cutler	director	C/O GENERAL CATALYST PARTNERS, 20 UNIVERSITY ROAD, SUITE 450, CAMBRIDGE MA 02138
Daniel A. Schreiber	director, 10 percent owner, officer: Co-Founder & CEO	C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013
Shai Wininger	director, 10 percent owner, officer: See Remarks	C/O LEMONADE, INC., 5 CROSBY STREET, 3RD FLOOR, NEW YORK NY 10013
Haim Sadger	director	C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital Israel Venture V Principals Fund, L.p.	10 percent owner	2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025