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Globalstar (Globalstar) Effective Interest Rate on Debt % : 3.69% (As of Mar. 2024)


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What is Globalstar 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. Globalstar's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $15.1 Mil. Globalstar's average total debt for the quarter that ended in Mar. 2024 was $409.9 Mil. Therefore, Globalstar's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.69%.


Globalstar Effective Interest Rate on Debt % Historical Data

The historical data trend for Globalstar'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.

Globalstar Effective Interest Rate on Debt % Chart

Globalstar 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 13.23 10.99 12.99 12.27 4.75

Globalstar 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 3.75 7.05 4.30 3.74 3.69

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

For the Telecom Services subindustry, Globalstar'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.


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

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

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



Globalstar Effective Interest Rate on Debt % Calculation

Globalstar'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  *  -14.609/( (222.072+392.548)/ 2 )
=-1  *  -14.609/307.31
=4.75 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=159.75 + 62.322
=222.072

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=354.944 + 37.604
=392.548

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -15.14/( (392.548+427.22)/ 2 )
=-1  *  -15.14/409.884
=3.69 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=354.944 + 37.604
=392.548

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=392.62 + 34.6
=427.22

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


Globalstar  (AMEX:GSAT) Effective Interest Rate on Debt % Explanation

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


Globalstar Effective Interest Rate on Debt % Related Terms

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Globalstar (Globalstar) Business Description

Traded in Other Exchanges
Address
1351 Holiday Square Boulevard, Covington, LA, USA, 70433
Globalstar Inc is a telecommunications company that derives revenue from the provision of mobile satellite services. Mobile satellite services are typically used by customers where existing terrestrial wireline and wireless communications networks are impaired or do not exist. The company provides communications services such as two-way voice and data transmission. In addition, one-way data transmission is also offered. Both services are offered using mobile or fixed devices. The company is an owner of satellite assets. The company generates the vast majority of its revenue within the United States.
Executives
James F Lynch director 461 SOUTH MILPITAS BLVD., MILPITAS CA 95035
Ponder L Barbee Iv officer: General Counsel 300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
Rebecca Clary officer: VP & Chief Financial Officer 300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
James Iii Monroe director, 10 percent owner, officer: Chief Executive Officer 461 SOUTH MILPITAS BLVD., MILPITAS CA 95035
Paul E Jacobs director, officer: Chief Executive Officer
Timothy Evan Taylor director 1518 FIRST STREET, NEW ORLEANS LA 70130
Benjamin G Wolff director 2300 CARILLON POINT, KIRKLAND WA 98033
David B. Kagan officer: President & COO 300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
Keith O Cowan director 2999 CIRCLE 75 PKWY, ATLANTA GA 30339
Michael J Lovett director
Kenneth M Young director C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367
John Kneuer director 300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433
Anthony J Navarra officer: Pres., Global Operations 461 SOUTH MILPITAS BLVD., MILPITAS CA 95035
Bell Frank John Ii officer: Pres. Global Sales & Mkting. 8144 WALNUT HILL LANE, SUITE 800, DALLAS TX 75231
Joseph F Barnett officer: VP & Chief Accounting Officer 300 HOLIDAY SQUARE BLVD., COVINGTON LA 70433