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CarParts.com (CarParts.com) Effective Interest Rate on Debt % : 2.77% (As of Mar. 2024)


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What is CarParts.com 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. CarParts.com's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1.2 Mil. CarParts.com's average total debt for the quarter that ended in Mar. 2024 was $43.4 Mil. Therefore, CarParts.com's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.77%.


CarParts.com Effective Interest Rate on Debt % Historical Data

The historical data trend for CarParts.com'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.

* Premium members only.

CarParts.com Effective Interest Rate on Debt % Chart

CarParts.com Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.18 7.23 2.86 3.09 3.29

CarParts.com 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 3.15 3.01 3.50 3.58 2.77

Competitive Comparison of CarParts.com's Effective Interest Rate on Debt %

For the Internet Retail subindustry, CarParts.com'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.


CarParts.com's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, CarParts.com's Effective Interest Rate on Debt % distribution charts can be found below:

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



CarParts.com Effective Interest Rate on Debt % Calculation

CarParts.com'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  *  -1.394/( (46.652+38.126)/ 2 )
=-1  *  -1.394/42.389
=3.29 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=37.328 + 9.324
=46.652

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.069 + 9.057
=38.126

CarParts.com'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  *  -1.2/( (38.126+48.634)/ 2 )
=-1  *  -1.2/43.38
=2.77 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.069 + 9.057
=38.126

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38.87 + 9.764
=48.634

* 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.


CarParts.com  (NAS:PRTS) Effective Interest Rate on Debt % Explanation

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


CarParts.com Effective Interest Rate on Debt % Related Terms

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CarParts.com (CarParts.com) Business Description

Traded in Other Exchanges
Address
2050 W. 190th Street, Suite 400, Torrance, CA, USA, 90504
CarParts.com Inc is an online provider of automotive aftermarket parts and repair information. The company principally sells its products to individual consumers through its network of websites and online marketplaces. The company's products consist of collision parts serving the body repair market, engine parts to serve the replacement parts market, and performance parts and accessories.
Executives
Michael Huffaker officer: Chief Operating Officer 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Henry J Maier director 1000 FEDEX DRIVE, MOON TOWNSHIP PA 15108
Nanxi Liu director 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Jim Barnes director 16941 KEEGAN AVE, CARSON CA 90746
Ana Dutra director C/O KORN/FERRY INTERNATIONAL, 1900 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067
Ryan Lockwood officer: Chief Financial Officer 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
Kals Subramanian officer: Chief Technology Officer 2050 W. 190TH STREET, SUITE 400, TORRANCE CA 90504
David Meniane director, officer: Chief Executive Officer 16941 KEEGAN AVENUE, CARSON CA 90746
Houman Akhavan officer: VP of Marketiing C/O U. S. AUTO PARTS NETWORK, INC., 17150 SOUTH MARGAY AVENUE, CARSON CA 90746
Barry Phelps director 26750 AGOURA RD, CALABASAS CA 91302
Alfredo Gomez officer: VP, General Counsel 10420 RESEARCH ROAD SE, ALBUQUERQUE NM 87123
Lev Peker director, officer: Chief Executive Officer US AUTO PARTS, 16941 KEEGAN AVENUE, CARSON CA 90746
Sanjiv Gomes officer: Interim CTO 16941 KEEGAN AVENUE, CARSON CA 90746
Jay Keith Greyson director 16941 KEEGAN AVENUE, CARSON CA 90746
Mehran Nia director, 10 percent owner 17150 SOUTH MARGAY AVENUE, CARSON CA 90746