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AudioEye (AudioEye) Effective Interest Rate on Debt % : 3.85% (As of Dec. 2023)


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What is AudioEye 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. AudioEye's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.16 Mil. AudioEye's average total debt for the quarter that ended in Dec. 2023 was $4.16 Mil. Therefore, AudioEye's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.85%.


AudioEye Effective Interest Rate on Debt % Historical Data

The historical data trend for AudioEye'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.

AudioEye Effective Interest Rate on Debt % Chart

AudioEye 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 14.49 9.71 0.80 0.36 -

AudioEye 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 - - - 3.85 10.68

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

For the Software - Application subindustry, AudioEye'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.


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

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

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



AudioEye Effective Interest Rate on Debt % Calculation

AudioEye'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  *  0/( (1.258+7.463)/ 2 )
=-1  *  0/4.3605
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.752 + 0.506
=1.258

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.144 + 0.319
=7.463

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.16/( (0.851+7.463)/ 2 )
=-1  *  -0.16/4.157
=3.85 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.463 + 0.388
=0.851

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.144 + 0.319
=7.463

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


AudioEye  (NAS:AEYE) Effective Interest Rate on Debt % Explanation

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


AudioEye Effective Interest Rate on Debt % Related Terms

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AudioEye (AudioEye) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » AudioEye Inc (NAS:AEYE) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
5210 East Williams Circle, Suite 750, Tucson, AZ, USA, 85711
AudioEye Inc is a software solution provider delivering immediate ADA and WCAG accessibility compliance at scale. Through patented technology, subject matter expertise and proprietary processes, it is eradicating all barriers to digital accessibility, helping creators get accessible and supporting them with ongoing advisory and automated upkeep. Trusted by the ADP, Tommy Hilfiger, A360 Media, Samsung, Landry's, and others. It helps everyone identify and resolve issues of accessibility and enhance user experiences, automating digital accessibility for the widest audiences.
Executives
David Moradi 10 percent owner 379 WEST BROADWAY, NEW YORK NY 10021
Jamil A. Tahir director 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711
Katherine E. Fleming director ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Carr Bettis director, 10 percent owner, officer: Exec Chrmn/Chrmn of the Board 9070 S. RITA ROAD, SUITE 1450, TUCSON AZ 85747
Christopher Hundley officer: President C/O AUDIOEYE,INC., 5210 E. WILLIAMS CIRCLE, SUITE 750, TUSCON AZ 85711
Dominic Peter Varacalli officer: President 930 NW 12TH AVE, UNIT 228, PORTLAND OR 97209
Marc Lehmann director 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711
Anthony L Coelho director 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711
Kelly Georgevich officer: Chief Financial Officer 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711
Sero Capital Llc 10 percent owner 1333 2ND STREET, 3RD FLOOR, SANTA MONICA CA 90401
Alexandre Zyngier director 5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Lonny Sternberg officer: Chief Operating Officer C/O AUDIOEYE, INC., 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711
Heath Thompson officer: Chief Executive Officer C/O AUDIOEYE, INC., 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711
Sean D. Bradley officer: President and CSO 9070 S. RITA ROAD, SUITE 1450, TUCSON AZ 85747
Sachin Barot officer: Chief Financial Officer C/O AUDIOEYE, INC., 5210 E. WILLIAMS CIRCLE, SUITE 750, TUCSON AZ 85711