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ThredUp (ThredUp) Effective Interest Rate on Debt % : 3.46% (As of Mar. 2024)


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What is ThredUp 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. ThredUp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $2.7 Mil. ThredUp's average total debt for the quarter that ended in Mar. 2024 was $78.3 Mil. Therefore, ThredUp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.46%.


ThredUp Effective Interest Rate on Debt % Historical Data

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

ThredUp Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 8.26 3.39 3.35 1.00 2.78

ThredUp 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 0.37 3.54 3.67 3.66 3.46

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

For the Internet Retail subindustry, ThredUp'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.


ThredUp's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, ThredUp's Effective Interest Rate on Debt % distribution charts can be found below:

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



ThredUp Effective Interest Rate on Debt % Calculation

ThredUp'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  *  -2.239/( (84.807+76.414)/ 2 )
=-1  *  -2.239/80.6105
=2.78 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=74.515 + 10.292
=84.807

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=66.627 + 9.787
=76.414

ThredUp'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  *  -2.708/( (76.414+80.154)/ 2 )
=-1  *  -2.708/78.284
=3.46 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=66.627 + 9.787
=76.414

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=70.794 + 9.36
=80.154

* 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.


ThredUp  (NAS:TDUP) Effective Interest Rate on Debt % Explanation

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


ThredUp Effective Interest Rate on Debt % Related Terms

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ThredUp (ThredUp) Business Description

Industry
Traded in Other Exchanges
Address
969 Broadway, Suite 200, Oakland, CA, USA, 94607
ThredUp Inc is an online resale platform for women and kids apparel, shoes, and accessories. It generates revenue from items that are sold to buyers through the website, mobile app, and RaaS partners.
Executives
James G. Reinhart director, officer: Chief Executive Officer 969 BROADWAY, SUITE 200, OAKLAND CA 94607
Anthony Salvatore Marino officer: President 969 BROADWAY, SUITE 200, OAKLAND CA 94607
Patricia Nakache director, 10 percent owner 325 SHARON PARK DR., #458, MENLO PARK CA 94025
Trinity Tvl X, Llc 10 percent owner 325 SHARON PARK DR., #458, MENLO PARK CA 94025
Daniel J Nova director, 10 percent owner C/O HIGHLAND CAPITAL PARTNERS INC, TWO INTERNATIONAL PLACE, BOSTON MA 02110
Alon Rotem officer: Chief Legal Officer 969 BROADWAY, SUITE 200, OAKLAND CA 94607
Sean Sobers officer: Chief Financial Officer 3450 W. WARREN AVENUE, FREMONT CA 94538
Christopher Homer officer: Chief Operating Officer 969 BROADWAY, SUITE 200, OAKLAND CA 94607
Ian Friedman director C/O HIGHLAND TRANSCEND PARTNERS I CORP., 16 FAYERWEATHER ST, CAMBRIDGE MA 02138
Jack R Lazar director 400 W. CESAR CHAVEZ, ATTN: STOCK ADMINISTRATION, AUSTIN TX 78701
Rushing Coretha M director C/O EQUIFAX INC., 1550 PEACHTREE STREET NW, ATLANTA GA 30309
Highland Management Partners Viii Limited Partnership 10 percent owner ONE BROADWAY, 16TH FLOOR, CAMBRIDGE MA 02142
Highland Management Partners Viii Ltd 10 percent owner ONE BROADWAY, 16TH FLOOR, CAMBRIDGE MA 02142
Highland Capital Partners Viii Limited Partnership 10 percent owner ONE BROADWAY, 16TH FLOOR, CAMBRIDGE MA 02142
Highland Capital Partners Viii-b Limited Partnership 10 percent owner ONE BROADWAY, 16TH FLOOR, CAMBRIDGE MA 02142

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