SinglePoint (SinglePoint) Effective Interest Rate on Debt % : 15.10% (As of Sep. 2023)

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What is SinglePoint 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. SinglePoint's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $1.86 Mil. SinglePoint's average total debt for the quarter that ended in Sep. 2023 was $12.29 Mil. Therefore, SinglePoint's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 15.10%.

SinglePoint Effective Interest Rate on Debt % Historical Data

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

SinglePoint Annual Data

Trend

Oct08

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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59.32

93.24

72.62

5.58

24.12

SinglePoint Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															19.00	22.74	21.68	15.96	15.10

Competitive Comparison of SinglePoint's Effective Interest Rate on Debt %

For the Solar subindustry, SinglePoint'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.

SinglePoint's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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

SinglePoint Effective Interest Rate on Debt % Calculation

SinglePoint's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -1.611	/	( (1.846	+	11.511)	/ 2 )
=	-1 * -1.611	/	6.6785
=	24.12 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.773	+	1.073
=	1.846

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.025	+	9.486
=	11.511

SinglePoint's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -1.856	/	( (12.202	+	12.38)	/ 2 )
=	-1 * -1.856	/	12.291
=	15.10 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.942	+	10.26
=	12.202

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.992	+	10.388
=	12.38

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

SinglePoint (BATS:SING) Effective Interest Rate on Debt % Explanation

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

SinglePoint Effective Interest Rate on Debt % Related Terms

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SinglePoint (SinglePoint) Business Description

Industry

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Address

3104 East Camelback Road, Suite 2137, Phoenix, AZ, USA, 85016

Website

https://www.singlepoint.com

SinglePoint Inc is a renewable and sustainable solution company focused on solar power and indoor air purification. It is committed to building the largest vertically integrated network for the marketing and installation of solar panels in the residential and commercial markets. The company's subsidiary, BOX Pure Air, is engaged in the Indoor Air Quality sector addressing the need for air purification in schools and offices. SinglePoint is exploring future acquisition and growth opportunities in energy storage, electric vehicle charging, solar as a subscription service and additional energy-efficient appliances that enhance sustainability.