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Asure Software (Asure Software) Effective Interest Rate on Debt %

: -0.97% (As of Dec. 2023)
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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. Asure Software's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $-0.1 Mil. Asure Software's average total debt for the quarter that ended in Dec. 2023 was $9.9 Mil. Therefore, Asure Software's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -0.97%.


Asure Software Effective Interest Rate on Debt % Historical Data

The historical data trend for Asure Software'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.

Asure Software Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.99 3.71 5.58 10.50 16.02

Asure Software 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 % 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 Premium Member Only Premium Member Only Premium Member Only 13.28 17.90 14.55 11.75 -0.97

Competitive Comparison

For the Software - Application subindustry, Asure Software'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.


Asure Software Effective Interest Rate on Debt % Distribution

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

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



Asure Software Effective Interest Rate on Debt % Calculation

Asure Software'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  *  -4.297/( (43.22+10.437)/ 2 )
=-1  *  -4.297/26.8285
=16.02 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=37.254 + 5.966
=43.22

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.92 + 1.517
=10.437

Asure Software'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  *  0.096/( (9.294+10.437)/ 2 )
=-1  *  0.096/9.8655
=-0.97 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.589 + 1.705
=9.294

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.92 + 1.517
=10.437

* 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.


Asure Software  (NAS:ASUR) Effective Interest Rate on Debt % Explanation

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


Asure Software Effective Interest Rate on Debt % Related Terms

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Asure Software (Asure Software) Business Description

Industry
Traded in Other Exchanges
N/A
Address
405 Colorado Street, Suite 1800, Austin, TX, USA, 78701
Asure Software Inc is a provider of cloud-based Human Capital Management (HCM) solutions delivered as Software-as-a-Service (SaaS). It facilitates small and mid-sized businesses (SMBs) to develop their Human Capital to get to the next level, stay compliant, and allocate their time, money and technology toward growth. The company's HCM suite, named AsureHCM, includes cloud-based Payroll and Tax, HR, a Time and Attendance software. Its HR services range from HR projects to outsourcing payroll to HR consulting services. The firm sells its HCM products in the United States.
Executives
Patrick Goepel director, officer: Chief Executive Officer 7050 WINNETKA AVE N, SUITE 100, BROOKLYN PARK MN 55428
Eyal Goldstein officer: Chief Revenue Officer 18154 SWEET ELM DRIVE, ENCINO CA 91316
Bradford Scovill Oberwager director 340 S. LEMON AVE. #5445, WALNUT CA 91789
Bjorn Reynolds director 108 WILD BASIN RD. S., SUITE 200, AUSTIN TX 78746
Ben F Allen director C/O ASURE SOFTWARE, INC., 3700 N. CAPITAL OF TEXAS HWY. #350, AUSTIN TX 78746
Grace G. Lee director C/O CUBIC CORPORATION, 9333 BALBOA AVENUE, SAN DIEGO CA 92123
William Carl Drew director 3700 N CAPITAL OF TEXAS HWY, SUITE 350, AUSTIN TX 78746
John F Pence officer: Chief Financial Officer C/O ASURE SOFTWARE, INC., 3700 N. CAPITAL OF TEXAS HWY. #350, AUSTIN TX 78746
James Powers officer: Chief Financial Officer 2128 W. BRAKER LANE, BK12, AUSTIN TX 78758
Red Oak Partners, Llc director 95 S. FEDERAL HWY, SUITE 201, BOCA RATON FL 33432
Daniel M Gill director 1560 SHERMAN AVENUE, SUITE 1200, EVANSTON IL 60201
Kelyn Brannon officer: Chief Financial Officer 300 E. RIVERSIDE DRIVE, APT. 527, AUSTIN TX 78704
Lathrop Charles W Jr director 3700 N CAPITAL OF TEXAS HWY, #350, AUSTIN TX 78746
John Randall Waterfield director 140 BROADWAY, 46TH FLOOR, NEW YORK NY 10005
David Sandberg director 40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432