Digital Turbine (Digital Turbine) Effective Interest Rate on Debt % : 8.09% (As of Dec. 2023)

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What is Digital Turbine 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. Digital Turbine's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $30.7 Mil. Digital Turbine's average total debt for the quarter that ended in Dec. 2023 was $378.9 Mil. Therefore, Digital Turbine's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.09%.

Digital Turbine Effective Interest Rate on Debt % Historical Data

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

Digital Turbine Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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21.06

5.86

3.10

4.95

Digital Turbine Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.36	6.85	7.24	7.95	8.09

Competitive Comparison of Digital Turbine's Effective Interest Rate on Debt %

For the Software - Application subindustry, Digital Turbine'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.

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

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

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

Digital Turbine Effective Interest Rate on Debt % Calculation

Digital Turbine's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -23.352	/	( (533.285	+	410.522)	/ 2 )
=	-1 * -23.352	/	471.9035
=	4.95 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	520.785	+	12.5
=	533.285

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	410.522	+	0
=	410.522

Digital Turbine'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 * -30.664	/	( (383.81	+	374.034)	/ 2 )
=	-1 * -30.664	/	378.922
=	8.09 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	383.81	+	0
=	383.81

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	374.034	+	0
=	374.034

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.

Digital Turbine (NAS:APPS) Effective Interest Rate on Debt % Explanation

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

Digital Turbine Effective Interest Rate on Debt % Related Terms

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Digital Turbine (Digital Turbine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Turbine Inc (NAS:APPS) » Definitions » Effective Interest Rate on Debt %

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Address

110 San Antonio Street, Suite 160, Austin, TX, USA, 78701

Website

https://www.digitalturbine.com

Digital Turbine Inc is an independent mobile growth platform. It offers end-to-end products and solutions to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its operating segments are On Device Media (ODM); In App Media-AdColony; and In App Media-Fyber. The company derives key revenue from the ODM segment by providing solutions to all participants in the mobile application ecosystem who want to connect with end users and consumers who hold the device, including mobile carriers and device original equipment manufacturers (OEMs) that participate in the app economy, app publishers and developers, and brands and advertising agencies. It has a global business presence.

Executives

Jeff Karish	director	C/O FIRST PACTRUST BANCORP INC, 610 BAY BOULEVARD, CHULA VISTA CA 91910
Robert M Deutschman	director
Mohan S Gyani	director	7277 164TH AVE NE, BLDG1, REDMOND WA 98052
Stone William Gordon Iii	officer: President, COO	2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068
Holyce Hess Groos	director	58 CHRISTIANA COURT, LAKE GEORGE NY 12845
Roy H Chestnutt	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
Senthilkumaran Kanagaratnam	officer: Chief Technology Officer	5717 LA SEYNE PLACE, SAN JOSE CA 95138
Matthew Gillis	officer: President	2400 BOSTON STREET, SUITE 201, BALTIMORE MD 21224
Michelle M Sterling	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Mary Spilman	director	C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016
Michael Benjamin Miller	officer: Chief Accounting Officer	360 WEST FOREST GROVE ROAD, LUCAS TX 75002
David Wesch	officer: Acting CAO	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Christopher Thomas Rogers	director	2001 EDMUND HALLEY DRIVE, RESTON VA 20191
Christine Collins	officer: CTO	111 NUECES STREET, AUSTIN TX 78701
Paul M Schaeffer	director	5200 ENCINO AVENUE, ENCINO CA 91316