GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Climb Global Solutions Inc (NAS:CLMB) » Definitions » Effective Interest Rate on Debt %

Climb Global Solutions (Climb Global Solutions) Effective Interest Rate on Debt %

: 24.89% (As of Dec. 2023)
View and export this data going back to 1995. Start your Free Trial

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. Climb Global Solutions's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.7 Mil. Climb Global Solutions's average total debt for the quarter that ended in Dec. 2023 was $2.7 Mil. Therefore, Climb Global Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 24.89%.


Climb Global Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Climb Global Solutions'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.

Climb Global Solutions Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 2.40 8.45

Climb Global Solutions Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % 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 Premium Member Only Premium Member Only Premium Member Only 1.72 3.20 - 6.05 24.89

Competitive Comparison

For the Electronics & Computer Distribution subindustry, Climb Global Solutions'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.


Climb Global Solutions Effective Interest Rate on Debt % Distribution

For the Hardware industry and Technology sector, Climb Global Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

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



Climb Global Solutions Effective Interest Rate on Debt % Calculation

Climb Global Solutions'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  *  -0.264/( (3.629+2.621)/ 2 )
=-1  *  -0.264/3.125
=8.45 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.588 + 1.041
=3.629

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.631 + 0.99
=2.621

Climb Global Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.68/( (2.843+2.621)/ 2 )
=-1  *  -0.68/2.732
=24.89 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.866 + 0.977
=2.843

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.631 + 0.99
=2.621

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Climb Global Solutions  (NAS:CLMB) Effective Interest Rate on Debt % Explanation

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


Climb Global Solutions Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Climb Global Solutions's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Climb Global Solutions (Climb Global Solutions) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4 Industrial Way West, Suite 300, Eatontown, NJ, USA, 07724
Climb Global Solutions Inc is a cloud-based, value-added IT distribution and solutions company specializing in emerging technologies. It operates across the USA, Canada, and Europe through multiple business units, including Climb Channel Solutions, Sigma, Grey Matter, Interwork, and TechXtend. The Company is organized into two reportable operating segments. The Distribution segment distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators under the name Climb Channel Solutions. The Solutions segment is a cloud solutions provider and value-added reseller of software, hardware and services to customers under the names Grey Matter.
Executives
Timothy Popovich officer: COO & President 715 OCEAN GATE AVE, PO BOX 523, OCEAN GATE NJ 08740
Andrew S Bryant director ARROW ELECTRONICS, INC., 9201 EAST DRY CREEK ROAD, CENTENNIAL CO 80112
Andrew E Clark officer: Chief Financial Officer 6011 UNIVERSITY BLVD., SUITE 370, ELLICOTT CITY MD 21043
Geygan Jeffrey Richart Geygan director 1433 N WATER STREET, SUITE 549, MILWAUKEE WI 53202
John R Mccarthy director 4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Kimberly Boren director 18872 MACARTHUR BLVD., SUITE 200, IRVINE CA 92612
Gerri Gold director 4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Dale Richard Foster officer: Executive VP 10900 PUMP HOUSE ROAD, ANNAPOLIS JUNCTION MD 20701
Charles Edward Bass officer: VP New Business 12427 BAYHILL DRIVE, CARMEL IN 46033
Vito Legrottaglie officer: VP Management Info Systems
Greg Scorziello director 4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Matthew M Sullivan officer: CAO 4 INDUSTRIAL WAY WEST, SUITE 300, EATONTOWN NJ 07724
Carol Dibattiste director 1155 W FREDERICK SMALL RD, JUPITER FL 33458
Diana Kurty director C/O WAYSIDE TECHNOLOGY GROUP, 11, SHREWSBURY NJ 07702
Michael Faith director, officer: Director ONE DANIEL BURNHAM CT., #400C, SAN FRANCISCO CA 94109