Lucid Group

LCID Clean Energy & EV 7/10 High Risk
7/10
— 6 → 7 over 22 weeks
Sector avg: 3.7/10

Lucid Group carries $2.8B in long-term debt, with $2.8B in scheduled principal maturities. With $707M (26% of maturities) due within 24 months, LCID faces a meaningful refinancing window. LCID shows negative interest coverage (-140.6x), indicating operating losses exceed interest costs. DebtCanary scores LCID at 7/10, signaling elevated refinancing risk that warrants close monitoring.

Maturity Schedule

As of 2026-03-31 (latest SEC filing with maturity data). Debt actions taken after this date will only appear once SEC processes the relevant XBRL filing.
Year 1 $707M Year 2 $0 Year 3 $0 Year 4 $0 Year 5 $0 Beyond 5 $2.0B
Period Amount Due % of Total
Year 1 (0-12 months) $707M 25.7%
Year 2 (12-24 months) N/A N/A
Year 3 (24-36 months) N/A N/A
Year 4 (36-48 months) N/A N/A
Year 5 (48-60 months) N/A N/A
Beyond 5 Years $2.0B 74.3%
Total Scheduled Maturities $2.8B 100.0%

Key Metrics

Total Long-Term Debt
$2.8B
Near-Term (12mo)
$707M
Interest Coverage
Loss
Debt/Equity
N/A
Cash Coverage
0.99x
Operating Income
-$3.5B
EBITDA
-$3.1B
EBITDA / Interest
-122.4x

Refinancing Cost Shock

If Lucid Group refinanced the $707M due within 24 months at today's market yields, its annual interest bill would change by an estimated +$94M/year.

Show the full calculation
Debt due within 24 months (Year 1 + Year 2 buckets): $707M
Current average rate = interest expense / interest-bearing debt = $25M / $2.8B = 0.90%
Synthetic rating bucket from coverage (EBITDA/interest -122.4x): CCC
Market yield for CCC bucket (ICE BofA via FRED, 2026-07-23): 14.25% (BAMLH0A3HYCEY)
Rate change: 14.25% − 0.90% = +13.35 pp
Annual cost change: +13.35% × $707M = +$94M/yr
Index-level estimate, not issuer-level bond pricing: the rating bucket is inferred from interest coverage (not an agency rating), and actual new-issue pricing depends on tenor, security, and market conditions. See the methodology.
Hidden future pain — added interest run-rate as the schedule rolls
+1yr
+$94M/yr
+2yr
+$94M/yr
+3yr
+$94M/yr
+4yr
+$94M/yr
+5yr
+$94M/yr
Cumulative run-rate change once all debt maturing by each horizon has refinanced. Assumes yields hold. Market-wide view on the Hidden Future Pain page.
What if yields move? market yield 14.25% (+0 bps)
24-month wall refinanced at that yield: = of operating income

Compare across all companies on the Refinancing Cliff Map →

How This Score Was Computed

Weighted average of 4 scored components (raw 7.39, rounded to 7). Weights of skipped components are redistributed proportionally among those scored.

Component Value Sub-Score Weight Used
Near-Term Maturity Concentration
Show calculation
Year-1 maturities / Total scheduled maturities
Year-1 maturities: $707M
Total scheduled maturities: $2.8B
 25.7% 5/10 33%
Interest Coverage Ratio
Show calculation
Operating income / Interest expense
Operating income: -$3.5B
Interest expense: $25M
 -140.55x 9/10 28%
Debt-to-Equity Ratio
Stockholders' equity is negative (-$351M); a debt-to-equity ratio is not meaningful against negative equity.
 N/A — not scored
Cash Coverage of Near-Term Debt
Show calculation
Cash & equivalents / Debt due within 12 months
Cash & equivalents: $700M
Near-term debt: $707M
 0.99x 7/10 22%
Cash Runway
Show calculation
Cash & equivalents / Monthly operating cash burn
Cash & equivalents: $700M
Annual operating cash burn: $2.9B
 3 months 10/10 17%

"Weight Used" shows each component's share after the weights of unscored components are redistributed. Full thresholds and formulas are on the methodology page.

Recent SEC Filings

Material disclosures from Lucid Group's most recent EDGAR filings. 8-K item labels indicate the type of event reported.

Date Form Details
2026-07-14 8-K Reg FD Disclosure
2026-07-06 8-K New Debt Obligation
2026-07-02 8-K Earnings Results, Officer / Director Change, Reg FD Disclosure
2026-06-22 8-K Restructuring Costs, Officer / Director Change
2026-06-05 8-K Officer / Director Change, Shareholder Vote
2026-06-01 8-K Officer / Director Change, Reg FD Disclosure
2026-05-05 10-Q Quarterly report
2026-05-05 8-K Earnings Results

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Data Source: Financial data sourced from SEC EDGAR XBRL filings (10-K annual reports). Fiscal period end: 2026-03-31. Filing date: 2026-05-05. Data last fetched: 2026-07-26. Maturity schedules reflect the company's most recently reported debt repayment obligations. This company does not tag the standard LongTermDebt concept; its debt figure comes from DebtLongtermAndShorttermCombinedAmount. Data quality: Complete.
View SEC EDGAR filings for Lucid Group →