Digerati Technologies (Digerati Technologies) Effective Interest Rate on Debt % : 16.81% (As of Jan. 2024)

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What is Digerati 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. Digerati Technologies's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $8.89 Mil. Digerati Technologies's average total debt for the quarter that ended in Jan. 2024 was $52.90 Mil. Therefore, Digerati Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 16.81%.

Digerati Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Digerati 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.

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Digerati Technologies Effective Interest Rate on Debt % Chart

Digerati Technologies Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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78.44

65.26

63.07

21.98

25.20

Digerati Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															21.87	32.88	27.23	24.30	16.81

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

For the Telecom Services subindustry, Digerati 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.

Digerati Technologies's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Digerati Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Digerati Technologies Effective Interest Rate on Debt % Calculation

Digerati Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -11.328	/	( (42.135	+	47.777)	/ 2 )
=	-1 * -11.328	/	44.956
=	25.20 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.666	+	6.469
=	42.135

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.674	+	46.103
=	47.777

Digerati Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -8.892	/	( (52.344	+	53.447)	/ 2 )
=	-1 * -8.892	/	52.8955
=	16.81 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.901	+	50.443
=	52.344

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.171	+	52.276
=	53.447

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Digerati Technologies (OTCPK:DTGI) Effective Interest Rate on Debt % Explanation

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

Digerati Technologies Effective Interest Rate on Debt % Related Terms

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Digerati Technologies (Digerati Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Digerati Technologies Inc (OTCPK:DTGI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8023 Vantage Drive, Suite 660, San Antonio, TX, USA, 78230

Website

https://www.digerati-inc.com

Digerati Technologies Inc is a provider of cloud services specializing in Unified Communications as a Service (UCaaS) solutions. The company's product portfolio includes Internet-based telephony products and services delivered through its cloud application platform and session-based communication network and network services including internet broadband, fiber, mobile broadband and cloud WAN solutions (SD WAN). Its services provide enterprise-class, carrier-grade services to the small-to-medium-sized business at cost-effective monthly rates. Its UCaaS or cloud communication services include fully hosted IP/PBX, mobile applications, Voice over Internet Protocol transport, SIP trunking, and customized VoIP services all delivered Only in the Cloud.

Executives

Post Road Special Opportunity Fund Ii Offshore Lp	10 percent owner	C/O POST ROAD GROUP LP, 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901
Kevin C. Davis	10 percent owner	C/O POST ROAD GROUP LP, 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901
Post Road Sof Gp Ii Llc	10 percent owner	2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901
Post Road Group Lp	10 percent owner	2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901
Michael Bogdan	10 percent owner	C/O POST ROAD GROUP LP, 2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901
Post Road Special Opportunity Fund Ii Lp	10 percent owner	2 LANDMARK SQUARE, SUITE 207, STAMFORD CT 06901
Digerati Technologies, Inc.	10 percent owner	8023 VANTAGE DRIVE, SUITE 660, SAN ANTONIO TX 78230
Craig Kendall Clement	director, 10 percent owner	626 JESSAMINE STREET, SAN ANTONIO TX 78209
Flagship Oil & Gas Corp.	10 percent owner	626 JESSAMINE STREET, SAN ANTONIO TX 78209
Max Polinsky	director	10715 GULFDALE STE 200, SAN ANTONIO TX 78216
William E. Mcilwain	other: Former Director	3111 ROSEMARY PARK LANE, HOUSTON TX 77082
Arthur L Smith	officer: Chief Executive Officer	8600 WURZBACH, SUITE 700W, SAN ANTONIO TX 78240
James John Davis	director	13626 WINTER CREEK COURT, HOUSTON TX 77077
Antonio Jr Estrada	officer: Chief Financial Officer	1807 DEER RIDGE ST, SAN ANTONIO TX 78232
John Howell	director	1950 CINNAMON TEAL DR., REDMOND OR 97756