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Joby Aviation (Joby Aviation) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)


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What is Joby Aviation 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. Joby Aviation's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Joby Aviation's average total debt for the quarter that ended in Dec. 2023 was $30.33 Mil. Therefore, Joby Aviation's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


Joby Aviation Effective Interest Rate on Debt % Historical Data

The historical data trend for Joby Aviation'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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Joby Aviation Effective Interest Rate on Debt % Chart

Joby Aviation Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
9.42 50.78 0.79 -

Joby Aviation Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 - - - -

Competitive Comparison of Joby Aviation's Effective Interest Rate on Debt %

For the Airports & Air Services subindustry, Joby Aviation'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.


Joby Aviation's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Joby Aviation's Effective Interest Rate on Debt % distribution charts can be found below:

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



Joby Aviation Effective Interest Rate on Debt % Calculation

Joby Aviation'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  *  0/( (27.323+30.661)/ 2 )
=-1  *  0/28.992
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=23.613 + 3.71
=27.323

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26.349 + 4.312
=30.661

Joby Aviation'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/( (29.991+30.661)/ 2 )
=-1  *  0/30.326
=0.00 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.965 + 4.026
=29.991

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26.349 + 4.312
=30.661

* 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.


Joby Aviation  (NYSE:JOBY) Effective Interest Rate on Debt % Explanation

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


Joby Aviation Effective Interest Rate on Debt % Related Terms

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Joby Aviation (Joby Aviation) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2155 Delaware Avenue, Suite 225, Santa Cruz, CA, USA, 95060
Joby Aviation Inc is a transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service.
Executives
Gregory Bowles officer: Head of Government Affairs C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Didier Papadopoulos officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Eric Allison officer: Head of Product C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Bonny W Simi officer: See Remarks 4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Matthew Field officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Kate Dehoff officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Joeben Bevirt director, officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Dipender Saluja director 1730 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Tetsuo Ogawa director C/O JOBY AVIATION, INC., 333 ENCINAL ST., SANTA CRUZ CA 95060
Michael P Huerta director 1800 M STREET NW SUITE 800, WASHINGTON DC 20036
Justin Lang officer: See Remarks C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
Paul Cahill Sciarra director PO BOX 427344, SAN FRANCISCO CA 94142
Sherry Coutu other: FORMER DIRECTOR C/O REINVENT ACQUISITION CORP., 215 PARK AVENUE, FLOOR 11, NEW YORK NY 10003
Joby Holdings, Inc. 10 percent owner C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #225, SANTA CRUZ CA 95060
James Kuffner director C/O JOBY AVIATION, INC., 2155 DELAWARE AVENUE, SUITE #255, SANTA CRUZ CA 95060