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Tyler Technologies (Tyler Technologies) Effective Interest Rate on Debt % : 1.30% (As of Mar. 2024)


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What is Tyler Technologies 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. Tyler Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $9 Mil. Tyler Technologies's average total debt for the quarter that ended in Mar. 2024 was $671 Mil. Therefore, Tyler Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.30%.


Tyler Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Tyler Technologies'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.

* Premium members only.

Tyler Technologies Effective Interest Rate on Debt % Chart

Tyler Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.73 4.46 3.30 2.33 2.71

Tyler Technologies Quarterly Data
Jun19 Sep19 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 Premium Member Only 3.12 2.76 2.71 2.02 1.30

Competitive Comparison of Tyler Technologies's Effective Interest Rate on Debt %

For the Software - Application subindustry, Tyler Technologies'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.


Tyler Technologies's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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



Tyler Technologies Effective Interest Rate on Debt % Calculation

Tyler Technologies'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  *  -23.629/( (1046.174+696.889)/ 2 )
=-1  *  -23.629/871.5315
=2.71 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1005.438 + 40.736
=1046.174

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=636.028 + 60.861
=696.889

Tyler Technologies'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  *  -8.736/( (696.889+645.416)/ 2 )
=-1  *  -8.736/671.1525
=1.30 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=636.028 + 60.861
=696.889

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=634.269 + 11.147
=645.416

* 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.


Tyler Technologies  (NYSE:TYL) Effective Interest Rate on Debt % Explanation

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


Tyler Technologies Effective Interest Rate on Debt % Related Terms

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Tyler Technologies (Tyler Technologies) Business Description

Industry
Traded in Other Exchanges
Address
5101 Tennyson Parkway, Plano, TX, USA, 75024
Tyler Technologies provides a full suite of software solutions and services that address the needs of cities, counties, schools, courts and other local government entities. The company's three core products are Munis, which is the core ERP system, Odyssey, which is the court management system, or CMS, and payments. The company also provides a variety of add-on modules and offers outsourced property tax assessment services.
Executives
Brian K Miller officer: Vice President Finance 5101 TENNYSON PARKWAY, PLANO TX 75024
Marr John S Jr officer: Chief Operating Officer 370 US ROUTE 1, PALMOUTH ME 04105
Dustin R Womble officer: Executive VP 5101 TENNYSON PARKWAY, PLANO TX 75024
Daniel M Pope director 5101 TENNYSON PARKWAY, PLANO TX 75024
Moore H Lynn Jr officer: VP and General Counsel 5101 TENNYSON PARKWAY, PLANO TX 75024
Glenn A Carter director 5101 TENNYSON PARKWAY, PLANO TX 75024
Jeffrey David Puckett officer: Chief Operating Officer 5101 TENNYSON PARKWAY, PLANO TX 75024
Luther Jr King director 5949 SHERRY LANE, SUITE 1400, DALLAS TX 75225
Hawkins Ronnie D. Jr. director 5101 TENNYSON PARKWAY, PLANO TX 75024
Donald R Brattain director
Brenda A Cline director 5101 TENNYSON PARKWAY, PLANO TX 75024
Mary L. Landrieu director 100 CENTURYLINK DRIVE, MONROE LA 71203
Larry D Leinweber director NEW WORLD SYSTEMS, INC, 888 WEST BIG BEAVER, SUITE 600, TROY MI 48084
John M Yeaman director, officer: Chairman 5101 TENNYSON PARKWAY, PLANO TX 75024
Bruce Graham officer: Executive Vice President 5101 TENNYSON PARKWAY, PLANO TX 75024

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