Green Dot (Green Dot) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Green Dot 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. Green Dot's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0 Mil. Green Dot's average total debt for the quarter that ended in Mar. 2024 was $59 Mil. Therefore, Green Dot's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Green Dot Effective Interest Rate on Debt % Historical Data

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

Green Dot Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.94

1.64

0.76

0.87

Green Dot 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															25.58	12.96	-	-	-

Competitive Comparison of Green Dot's Effective Interest Rate on Debt %

For the Credit Services subindustry, Green Dot'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.

Green Dot's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

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

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

Green Dot Effective Interest Rate on Debt % Calculation

Green Dot'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 * 0	/	( (43.414	+	67.056)	/ 2 )
=	-1 * 0	/	55.235
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.247	+	3.167
=	43.414

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.687	+	64.369
=	67.056

Green Dot'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 * 0	/	( (67.056	+	50.209)	/ 2 )
=	-1 * 0	/	58.6325
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.687	+	64.369
=	67.056

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.821	+	48.388
=	50.209

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.

Green Dot (NYSE:GDOT) Effective Interest Rate on Debt % Explanation

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

Green Dot Effective Interest Rate on Debt % Related Terms

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Green Dot (Green Dot) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Green Dot Corp (NYSE:GDOT) » Definitions » Effective Interest Rate on Debt %

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0J0N:UK

Address

114 West 7th Street, Suite 240, Austin, TX, USA, 78701

Website

https://www.greendot.com

Green Dot Corp is a financial technology company that provides financial services for consumers in the United States without good banking options. Through its Account Services segment, the company offers GoBank mobile checking and Visa- or Mastercard-branded prepaid debit cards, both reloadable and non-reloadable. Green Dot also supplies private-label reloadable cards for Wal-Mart. Account services revenue is generated through monthly maintenance fees, ATM fees, new card fees, and interchange fees. The company's Processing and Settlement Services segment generates revenue through service fees on debit card reloads and tax refund processing. The tax refund processing business earns fees when customers of third-party tax preparers choose to pay the preparer's fee through Green Dot's service.

Executives

Michelleta Razon	director	114 WEST 7TH STREET, SUITE 240, AUSTIN TX 78701
Starboard Value Gp Llc	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value Lp	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Lp	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Gp Llc	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity S Llc	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity Master Fund Ltd	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity C Lp	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Jeffrey C Smith	10 percent owner, other: See Footnote 2	201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE FL 33301
Starboard Value R Lp	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard X Master Fund Ltd	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value L Lp	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value R Gp Llc	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity Master Fund L Lp	other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Christian Devin Ruppel	officer: Chief Revenue Officer	114 W 7TH STREET,, SUITE 240, AUSTIN TX 78701