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Kaspien Holdings (Kaspien Holdings) Effective Interest Rate on Debt % : 17.91% (As of Oct. 2023)


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What is Kaspien 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. Kaspien Holdings's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $3.9 Mil. Kaspien Holdings's average total debt for the quarter that ended in Oct. 2023 was $21.6 Mil. Therefore, Kaspien Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 17.91%.


Kaspien Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Kaspien 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.

* Premium members only.

Kaspien Holdings Effective Interest Rate on Debt % Chart

Kaspien Holdings Annual Data
Trend Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 5.56 10.65 11.39 19.39

Kaspien Holdings Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 20.19 20.23 17.22 17.91 17.91

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

For the Software - Application subindustry, Kaspien 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.


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

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

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



Kaspien Holdings Effective Interest Rate on Debt % Calculation

Kaspien Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2022 )+Total Debt  (A: Jan. 2023 ))/ count )
=-1  *  -3.577/( (16.579+20.316)/ 2 )
=-1  *  -3.577/18.4475
=19.39 %

where

Total Debt  (A: Jan. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.964 + 10.615
=16.579

Total Debt  (A: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.809 + 9.507
=20.316

Kaspien Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2023 )+Total Debt  (Q: Oct. 2023 ))/ count )
=-1  *  -3.864/( (21.295+21.862)/ 2 )
=-1  *  -3.864/21.5785
=17.91 %

where

Total Debt  (Q: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.727 + 20.568
=21.295

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.588 + 21.274
=21.862

* 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 (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Kaspien Holdings  (OTCPK:KSPN) Effective Interest Rate on Debt % Explanation

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


Kaspien Holdings Effective Interest Rate on Debt % Related Terms

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Kaspien Holdings (Kaspien Holdings) Business Description

Industry
Traded in Other Exchanges
Address
2818 N. Sullivan Road, Suite 130, Spokane Valley, WA, USA, 99216
Kaspien Holdings Inc is a digital marketplace retailer that partners with companies to expand its brand. It provides a platform of software and services to brands in order to grow their online distribution channels on digital marketplaces such as Amazon, Walmart, and eBay, among others. The company focuses on various categories, including pets and sporting goods, baby, tools / office / outdoor, health & personal care, and home / kitchen. It generates substantially all of its revenue through Amazon Marketplace.
Executives
Tom Simpson director 38 CORPORATE CIRCLE, ALBANY NY 12203
Mark E Holliday director 257 SW MARCONI AVENUE, PORTLAND OR 97201
Brock Kowalchuk officer: Interim Chief Executive Office PO BOX 462, EAST SCHODACK NY 12063
Kunal Chopra officer: CEO - etailz 38 CORPORATE CIRCLE, ALBANY NY 12203
Jonathan Anthony Marcus director 100 PINE STREET, SUITE 2700, SAN FRANCISCO CA 94111
Jeffrey Scott Hastings director 38 CORPORATE CIRCLE, ALBANY NY 12203
Alimco Financial Corp other: See Remarks 2336 S.E. OCEAN BOULEVARD SUITE 400, STUART FL 34996
Neil S Subin 10 percent owner 2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996
Edwin Sapienza officer: Chief Financial Officer 38 CORPORATE CIRCLE, ALBANY NY 12203
Robert Galvin director 78 GOLF LANE, RIDGEFIELD CT 06877
Miller Lloyd I Iii 10 percent owner
Robert J Higgins director, 10 percent owner, officer: Chairman and CEO C/O TRANS WORLD ENTERTAINMENT CORP, 38 CORPORATE CIRCLE, ALBANY NY 12203
Josh Neblett officer: CEO, etailz 38 CORPORATE CIRCLE, ALBANY NY 12203
Robert J. Higgins Twmc Trust 10 percent owner 38 CORPORATE CIRCLE, ALBANY NY 12203
Christoph Hoerenz officer: Chief Digital and Mktg Officer 38 CORPORATE CIRCLE, ALBANY NY 12033