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Remark Holdings (Remark Holdings) Effective Interest Rate on Debt % : 22.05% (As of Dec. 2023)


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What is Remark 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. Remark Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $3.77 Mil. Remark Holdings's average total debt for the quarter that ended in Dec. 2023 was $17.11 Mil. Therefore, Remark Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 22.05%.


Remark Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Remark 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.

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Remark Holdings Effective Interest Rate on Debt % Chart

Remark Holdings 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 6.16 10.30 14.64 28.36 26.97

Remark Holdings 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 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 20.39 39.29 20.23 22.03 22.05

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

For the Software - Infrastructure subindustry, Remark 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.


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

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

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



Remark Holdings Effective Interest Rate on Debt % Calculation

Remark Holdings'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  *  -4.294/( (14.801+17.037)/ 2 )
=-1  *  -4.294/15.919
=26.97 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.056 + 14.745
=14.801

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.286 + 16.751
=17.037

Remark Holdings'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  *  -3.772/( (17.175+17.037)/ 2 )
=-1  *  -3.772/17.106
=22.05 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.336 + 16.839
=17.175

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.286 + 16.751
=17.037

* 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.


Remark Holdings  (OTCPK:MARK) Effective Interest Rate on Debt % Explanation

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


Remark Holdings Effective Interest Rate on Debt % Related Terms

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Remark Holdings (Remark Holdings) Business Description

Industry
Traded in Other Exchanges
Address
800 S Commerce Street, Las Vegas, NV, USA, 89106
Remark Holdings Inc delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes. The company's easy-to-install AI products are being rolled out in a range of applications within the retail, financial, public safety, and workplace arenas. The company also owns and operates digital media properties that deliver relevant content and e-commerce solutions.
Executives
Theodore P Botts director C/O HSW INTERNATIONAL, INC., 3350 PEACHTREE ROAD, SUITE 1600, ATLANTA GA 30326
Ling Elizabeth Xu director 3960 HOWARD HUGHES PKWY, SUITE 900, LAS VEGAS NV 89169
Ernest T. Lee 10 percent owner 3271 SOUTH HIGHLAND DRIVE, #704, LAS VEGAS NV 89109
Alison Davidson officer: Interim CFO C/O REMARK HOLDINGS, INC., 3960 HOWARD HUGHES PARKWAY, SUITE 900, LAS VEGAS NV 89169
Douglas Osrow officer: Chief Financial Officer FIVE CONCOURSE PKWY, SUITE 2400, ATLANTA GA 30328
Brett Ratner director C/O REMARK MEDIA, INC., 3960 HOWARD HUGHES PARKWAY, SUITE 900, LAS VEGAS NV 89169
Daniel J. Stein director C/O REMARK MEDIA, INC., 3960 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
Jason E. Strauss director C/O REMARK MEDIA, INC., 3930 HOWARD HUGHES PARKWAY, SUITE 400, LAS VEGAS NV 89169
William Warwick Grounds director 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109
Robert G Goldstein director 3355 LAS VEGAS BOULEVARD SOUTH, LAS VEGAS NV 89109
Kai-shing Tao director, 10 percent owner, officer: Chairman and CEO C/O HSW INTERNATIONAL, INC., 3350 PEACHTREE ROAD, SUITE 1600, ATLANTA GA 30326
Howstuffworks, Llc 10 percent owner ONE CAPITAL CITY PLAZA, 3350 PEACHTREE ROAD, SUITE 1500, ATLANTA GA 30326
Digipac, Llc 10 percent owner ONE HUGHES CENTER DRIVE, UNIT 1601, LAS VEGAS NV 89169
Bradley T. Zimmer officer: Chief Operating Officer and Ge SIX CONCOURSE PARKWAY, SUITE 1500, ATLANTA GA 30328
Carrie Ferman officer: Chief Executive Officer SIX CONCOURSE PARKWAY, SUITE 1500, ATLANTA GA 30328

Remark Holdings (Remark Holdings) Headlines

From GuruFocus

Remark Holdings Announces Fiscal Year 2022 Financial Results

By PRNewswire PRNewswire 04-17-2023