ConvergeOne Holdings (ConvergeOne Holdings) Effective Interest Rate on Debt % : 7.02% (As of Sep. 2018)

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What is ConvergeOne Holdings 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. ConvergeOne Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2018 was $49.4 Mil. ConvergeOne Holdings's average total debt for the quarter that ended in Sep. 2018 was $704.1 Mil. Therefore, ConvergeOne Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 was 7.02%.

ConvergeOne Holdings Effective Interest Rate on Debt % Historical Data

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

ConvergeOne Holdings Annual Data

Trend

Dec16

Dec17

Effective Interest Rate on Debt %

ConvergeOne Holdings Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	7.01	15.82	7.02

Competitive Comparison of ConvergeOne Holdings's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, ConvergeOne Holdings'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.

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

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

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

ConvergeOne Holdings Effective Interest Rate on Debt % Calculation

ConvergeOne Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2016 )	+	Total Debt (A: Dec. 2017 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

ConvergeOne Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2018 )	+	Total Debt (Q: Sep. 2018 ))	/ count )
=	-1 * -49.448	/	( (699.775	+	708.515)	/ 2 )
=	-1 * -49.448	/	704.145
=	7.02 %

where

	Total Debt (Q: Jun. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	693.075	+	6.7
=	699.775

	Total Debt (Q: Sep. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	701.815	+	6.7
=	708.515

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 (Sep. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ConvergeOne Holdings (NAS:CVON) Effective Interest Rate on Debt % Explanation

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

ConvergeOne Holdings Effective Interest Rate on Debt % Related Terms

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ConvergeOne Holdings (ConvergeOne Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ConvergeOne Holdings Inc (NAS:CVON) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3344 Highway 149, Eagan, MN, USA, 55121

Website

https://www.convergeone.com

ConvergeOne Holdings Inc provides unified communications, mobility, converged networking, management, server, and storage consolidation services.

Executives

David Boris	director	C/O TRIO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Jose Enrique Feliciano	director, 10 percent owner	C/O CLEARLAKE CAPITAL GROUP, LLC, 650 MADISON AVE., 23RD FLOOR, NEW YORK NY 10022
Jeffrey E Nachbor	officer: Chief Financial Officer	LEAP WIRELESS INTERNATIONAL, INC., 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Behdad Eghbali	director, 10 percent owner	233 WILSHIRE BLVD., SUITE 850, SANTA MONICA CA 90401
Ccg Operations, Llc	10 percent owner	650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Clearlake Capital Partners, Llc	10 percent owner	233 WILSHIRE BLVD., SUITE 800, SANTA MONICA CA 90401
Timothy Pawlenty	director	C/O DIGITAL RIVER, INC., 10380 BREN ROAD WEST, MINNETONKA MN 55343-9072
Richard Katzman	director	KAZ INC, 1775 BROADWAY SUITE 2405, NEW YORK NY 10019
Ccp Mm, Llc	director, 10 percent owner	233 WILSHIRE BOULEVARD, SUITE 800, SANTA MONICA CA 90401
Steven Berns	other: Former Director	TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Jerry Elliott	other: Former Director
Marshall Kiev	other: See Remarks	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Neil Goldberg	other: Former Director	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Stephen A Vogel	other: Former Director	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701