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PET (Wag Group Co) Effective Interest Rate on Debt % : 26.05% (As of Jun. 2024)


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What is Wag Group Co 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. 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%.


Wag Group Co Effective Interest Rate on Debt % Historical Data

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.

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Wag Group Co Effective Interest Rate on Debt % Chart

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.35 23.73 34.25 28.41 26.05

Competitive Comparison of Wag Group Co's Effective Interest Rate on Debt %

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.


Wag Group Co's Effective Interest Rate on Debt % Distribution in the Software Industry

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 Effective Interest Rate on Debt % Calculation

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.


Wag Group Co Effective Interest Rate on Debt % Related Terms

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Wag Group Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Wag Group Co (NAS:PET) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
55 Francisco Street, Suite 360, San Francisco, CA, USA, 94133
Wag Group Co develops and supports a proprietary marketplace technology platform available as a website and mobile app that enables independent Pet Caregivers to connect with pet parents. The platform allows pet parents to make pet service requests in the platform, which can then be fulfilled by Pet Caregivers. Wag supports dog walking, pet sitting, pet boarding, drop-in visits at the pet parent's home, advice from licensed pet experts, training services, pet insurance comparison tools, and pet wellness plans.
Executives
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
Sherpaventures Fund Ii Gp, Llc 10 percent owner 505 HOWARD STREET, SUITE 201, SAN FRANCISCO CA 94105
Acme Opportunity Fund, Lp 10 percent owner 800 MARKET STREET, SUITE 800, SAN FRANCISCO CA 94102
Acme Opportunity Fund Gp, Llc 10 percent owner 800 MARKET STREET, SUITE 800, SAN FRANCISCO CA 94102
Kimberly A. Blackwell director 55 FRANCISCO STREET, SUITE 360, SAN FRANCISCO CA 94133
Sheila Lirio Marcelo director CARE.COM, INC., 201 JONES ROAD, SUITE 500, WALTHAM MA 02451
Battery Partners Xi Side Fund, Llc 10 percent owner ONE MARINA PARK DRIVE, SUITE 1100, BOSTON MA 02210