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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. Wag Group Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $6.39 Mil. Wag Group Co's average total debt for the quarter that ended in Jun. 2024 was $24.52 Mil. Therefore, Wag Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 26.05%.
The historical data trend for Wag Group Co'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.
Wag Group Co Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Effective Interest Rate on Debt % | - | 1.80 | 20.17 | 26.68 |
Wag Group Co Quarterly Data | |||||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 27.35 | 23.73 | 34.25 | 28.41 | 26.05 |
For the Software - Application subindustry, Wag Group Co'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.
For the Software industry and Technology sector, Wag Group Co's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Wag Group Co's Effective Interest Rate on Debt % falls into.
Wag Group Co'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 * -7.417 | / | ( (26.975 | + | 28.617) | / 2 ) |
= | -1 * -7.417 | / | 27.796 | |||
= | 26.68 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 25.405 | + | 1.57 |
= | 26.975 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 26.48 | + | 2.137 |
= | 28.617 |
Wag Group Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Mar. 2024 ) | + | Total Debt (Q: Jun. 2024 )) | / count ) |
= | -1 * -6.388 | / | ( (24.462 | + | 24.584) | / 2 ) |
= | -1 * -6.388 | / | 24.523 | |||
= | 26.05 % |
where
Total Debt (Q: Mar. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 22.159 | + | 2.303 |
= | 24.462 |
Total Debt (Q: Jun. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 22.113 | + | 2.471 |
= | 24.584 |
* 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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Wag Group Co (NAS:PET) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Wag Group Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Alec Davidian | officer: Chief Financial Officer | 55 SAN FRANCISCO STREET, SUITE 360, SAN FRANCISCO CA 94133 |
Nicholas Yu | officer: Director of Legal | 55 SAN FRANCISCO STREET, SUITE 360, SAN FRANCISCO CA 94133 |
David Cane | officer: Chief Customer Officer | 55 SAN FRANCISCO STREET, SUITE 360, SAN FRANCISCO CA 94133 |
Patrick Mccarthy | officer: Chief Marketing Officer | 55 SAN FRANCISCO STREET, SUITE 360, SAN FRANCISCO CA 94133 |
Garrett Smallwood | director, officer: Chief Executive Officer | 55 SAN FRANCISCO STREET, SUITE 360, SAN FRANCISCO CA 94133 |
Adam Storm | officer: Pres. & Chief Product Off. | 55 SAN FRANCISCO STREET, SUITE 360, SAN FRANCISCO CA 94133 |
Dylan Allread | officer: Chief Operating Officer | 55 SAN FRANCISCO STREET, SUITE 360, SAN FRANCISCO CA 94133 |
Maziar Arjomand | officer: Chief Technology Officer | 55 SAN FRANCISCO STREET, SUITE 360, SAN FRANCISCO CA 94133 |
Brian Yee | director | 55 SAN FRANCISCO STREET, SUITE 360, SAN FRANCISCO CA 94133 |
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