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Instructure Holdings (Instructure Holdings) Effective Interest Rate on Debt % : 10.82% (As of Mar. 2024)


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What is Instructure Holdings 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. Instructure Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $90.4 Mil. Instructure Holdings's average total debt for the quarter that ended in Mar. 2024 was $835.2 Mil. Therefore, Instructure Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.82%.


Instructure Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Instructure Holdings'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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Instructure Holdings Effective Interest Rate on Debt % Chart

Instructure Holdings Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.03 - 7.26 4.74 8.26

Instructure Holdings Quarterly Data
Dec18 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 7.40 8.07 8.57 9.02 10.82

Competitive Comparison of Instructure Holdings's Effective Interest Rate on Debt %

For the Software - Application subindustry, Instructure Holdings'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.


Instructure Holdings's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Instructure Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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



Instructure Holdings Effective Interest Rate on Debt % Calculation

Instructure Holdings'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  *  -42.024/( (514.299+503.159)/ 2 )
=-1  *  -42.024/508.729
=8.26 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=503.081 + 11.218
=514.299

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=491.633 + 11.526
=503.159

Instructure Holdings'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  *  -90.384/( (503.159+1167.337)/ 2 )
=-1  *  -90.384/835.248
=10.82 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=491.633 + 11.526
=503.159

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1153.885 + 13.452
=1167.337

* 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.


Instructure Holdings  (NYSE:INST) Effective Interest Rate on Debt % Explanation

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


Instructure Holdings Effective Interest Rate on Debt % Related Terms

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Instructure Holdings (Instructure Holdings) Business Description

Industry
Traded in Other Exchanges
N/A
Address
6330 South 3000 East, Suite 700, Salt Lake City, UT, USA, 84121
Instructure Holdings Inc is an education technology company dedicated towards helping everyone learn together. it amplify the power of teaching and elevate the learning process, leading to improved student outcomes. The company supports more than 30 million educators and learners at more than 6,000 organizations around the world.
Executives
Matthew Kaminer officer: See remarks 1100 PARK PLACE, SUITE 300, SAN MATEO CA 94403
Benson Michael Lee Jr. officer: Chief Product Officer 6330 SOUTH 3000 EAST, SUITE 700, SALT LAKE CITY UT 84121
Erik Akopiantz director 600 MONTGOMERY STREET, 20TH FLOOR, SAN FRANCISCO CA 94111
John Charles Goodman director 600 MONTGOMERY STREET, 20TH FLOOR, SAN FRANCISCO CA 94111
Stephen M. Daly director, officer: Chief Executive Officer 6330 SOUTH 3000 EAST, SUITE 700, SALT LAKE CITY UT 84121
Chris F Ball officer: See Remarks 6330 SOUTH 3000 EAST, SUITE 700, SALT LAKE CITY UT 84121
Melissa J. Loble officer: See Remarks 6330 SOUTH 3000 EAST, SUITE 700, SALT LAKE CITY UT 84121
Lloyd G Waterhouse director
Thoma Bravo Fund Xiii, L.p. 10 percent owner 150 N. RIVERSIDE PLAZA, SUITE 2800, CHICAGO IL 60606
Thoma Bravo Executive Fund Xiii, L.p. 10 percent owner 150 N. RIVERSIDE PLAZA, SUITE 2800, CHICAGO IL 60606
Thoma Bravo Fund Xiii-a, L.p. 10 percent owner 150 N. RIVERSIDE PLAZA, SUITE 2800, CHICAGO IL 60606
Ossa Fisher director 1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
James R. Hutter director 600 MONTGOMERY STREET, 20TH FLOOR, SAN FRANCISCO CA 94111
Dale E. Bowen officer: Chief Financial Officer 6330 SOUTH 3000 EAST, SUITE 700, SALT LAKE CITY UT 84121
Frank Daniel Maylett officer: Chief Revenue Officer 7730 S. UNION PARK AVE, SUITE 500, MIDVALE UT 84047