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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. Issuer Direct's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.20 Mil. Issuer Direct's average total debt for the quarter that ended in Dec. 2023 was $20.96 Mil. Therefore, Issuer Direct's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.71%.
The historical data trend for Issuer Direct'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.
Issuer Direct Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | - | - | - | 0.09 | 5.04 |
Issuer Direct 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 | 3.55 | 4.28 | 5.32 | 5.67 | 5.71 |
For the Software - Application subindustry, Issuer Direct'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.
For the Software industry and Technology sector, Issuer Direct's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Issuer Direct's Effective Interest Rate on Debt % falls into.
Issuer Direct'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 * -1.116 | / | ( (23.339 | + | 20.922) | / 2 ) |
= | -1 * -1.116 | / | 22.1305 | |||
= | 5.04 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 1.339 | + | 22 |
= | 23.339 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 16.922 | + | 4 |
= | 20.922 |
Issuer Direct'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 * -1.196 | / | ( (21.001 | + | 20.922) | / 2 ) |
= | -1 * -1.196 | / | 20.9615 | |||
= | 5.71 % |
where
Total Debt (Q: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 18.001 | + | 3 |
= | 21.001 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 16.922 | + | 4 |
= | 20.922 |
* 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.
Issuer Direct (AMEX:ISDR) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Issuer Direct's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Brian R Balbirnie | director, 10 percent owner, officer: Chairman & CEO | C/O ISSUER DIRECT CORP., 500 PERIMETER PARK DRIVE, SUITE D, MORRISVILLE NC 27560 |
J. Patrick Galleher | director | 11 S. 12TH STREET, RICHMOND VA 23219 |
William H Everett | director | 6 ARROWWOOD LANE, ANDOVER MA 01810 |
Steven Winfield Knerr | officer: Chief Financial Officer | 500 PERIMETER PARK DRIVE, SUITE D, MORRISVILLE NC 27560 |
Timothy Pitoniak | officer: Chief Financial Officer | 8651 10TH ST N, APT 132, ST. PETERSBURG FL 33702 |
Marti Beller Lazear | director | 1000 CENTRAL AVENUE, ST. PETERSBURG FL 33705 |
Graeme P. Rein | director | 221 WILCOX ST, SUITE A, CASTLE ROCK CO 80104 |
Eric Alan Frank | director | 23 WASHINGTON AVENUE, IRVINGTON NY 10533 |
Michael Joseph Nowlan | director | 336 GLENGARRY AVE., NORTH YORK A6 M5M1E6 |
Red Oak Partners, Llc | 10 percent owner | 95 S. FEDERAL HWY, SUITE 201, BOCA RATON FL 33432 |
Wesley T Pollard | officer: Chief Financial Officer | 10109 SPORTING CLUB DR, RALEIGH NC 27617 |
James Michael | 10 percent owner | 5321 RIDGELOCH PLACE, RALEIGH NC 27612 |
David Sandberg | director | 40 SE 5TH STREET, SUITE 502, BOCA RATON FL 33432 |
Andre Boisvert | director | 46939 BAYSIDE PKWY, FREMONT CA 94538 |
Lori A Jones | officer: Chief Executive Officer | 8310 N. NEW BRAUNFELS, SUITE 205, SAN ANTONIO TX 78217 |
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