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AutoNation (AutoNation) Effective Interest Rate on Debt % : 4.73% (As of Mar. 2024)


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What is AutoNation 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. AutoNation's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $376 Mil. AutoNation's average total debt for the quarter that ended in Mar. 2024 was $7,954 Mil. Therefore, AutoNation's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.73%.


AutoNation Effective Interest Rate on Debt % Historical Data

The historical data trend for AutoNation'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.

AutoNation Effective Interest Rate on Debt % Chart

AutoNation 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 3.88 2.81 2.34 3.11 4.52

AutoNation 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 4.19 4.54 4.78 4.79 4.73

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

For the Auto & Truck Dealerships subindustry, AutoNation'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.


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

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

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



AutoNation Effective Interest Rate on Debt % Calculation

AutoNation'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  *  -326.1/( (6379.3+8034.3)/ 2 )
=-1  *  -326.1/7206.8
=4.52 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4196.7 + 2182.6
=6379.3

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3740.7 + 4293.6
=8034.3

AutoNation'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  *  -376/( (8034.3+7873.4)/ 2 )
=-1  *  -376/7953.85
=4.73 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3740.7 + 4293.6
=8034.3

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3843.9 + 4029.5
=7873.4

* 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.


AutoNation  (NYSE:AN) Effective Interest Rate on Debt % Explanation

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


AutoNation Effective Interest Rate on Debt % Related Terms

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AutoNation (AutoNation) Business Description

Industry
Traded in Other Exchanges
Address
200 SW 1st Avenue, Fort Lauderdale, FL, USA, 33301
AutoNation is the second largest automotive dealer in the United States, with 2022 revenue of $27 billion and over 250 dealerships, plus 53 collision centers. The firm also has 16 AutoNation USA used-vehicle stores, a captive lender, four auction sites, and three parts distributors all across 20 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for nearly half of revenue; the company also sells used vehicles, parts, and repair services as well as auto financing. The company (formerly Republic Industries) spun off its waste management unit (Republic Services) in 1999 and its car rental businesses (ANC Rental) in 2000. Wayne Huizenga founded the company in the 1990s to bring the rollup acquisition strategy to auto retailing, which has proved to be a smart move.
Executives
Edward S Lampert director, 10 percent owner 1170 KANE CONCOURSE, SUITE 200, BAY HARBOUR FL 33154
Jeff Parent officer: COO 200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Mikan George Lawrence Iii director 200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Robert R Grusky director C/O STRAYER EDUCATION INC, 2303 DULLES STATION BOULEVARD, HERNDON VA 20171
Edmunds C Coleman officer: EVP, Gen Counsel & Corp Sec 200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Thomas A Szlosek other: EVP & CFO HONEYWELL INTERNATIONAL INC., 115 TABOR ROAD, MORRIS PLAINS NJ 07950
Joseph T Lower officer: EVP & CFO 200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Michael Mark Manley director, officer: CEO and Director 1000 CHRYSLER DRIVE, CIMS 485-09-96, AUBURN HILLS MI 48326
Marc G Cannon officer: CMO & SVP, Communications 200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Kimberly Dees officer: SVP & CAO 200 SW 1ST AVENUE, SUITE 1600, FORT LAUDERDALE FL 33301
Lisa Esparza officer: EVP and CHIEF HR OFFICER 200 SW 1ST AVENUE, SUITE 1600, FORT LAUDERDALE FL 33301
Gianluca Camplone officer: COO Prec Parts & EVP Mobility 200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Christopher Cade officer: VP and CAO 200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Steve Kwak officer: COO Franchised Business 200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301
Jacqueline A Travisano director 200 SW 1ST AVE, SUITE 1600, FORT LAUDERDALE FL 33301