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Model N (Model N) Effective Interest Rate on Debt % : 2.52% (As of Dec. 2023)


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What is Model N 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. Model N's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $7.3 Mil. Model N's average total debt for the quarter that ended in Dec. 2023 was $291.1 Mil. Therefore, Model N's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.52%.


Model N Effective Interest Rate on Debt % Historical Data

The historical data trend for Model N'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.

Model N Effective Interest Rate on Debt % Chart

Model N Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.99 7.79 10.90 10.04 2.32

Model N 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 3.41 - - 2.51 2.52

Competitive Comparison of Model N's Effective Interest Rate on Debt %

For the Software - Application subindustry, Model N'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.


Model N's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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



Model N Effective Interest Rate on Debt % Calculation

Model N's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -5.138/( (152.21+291.521)/ 2 )
=-1  *  -5.138/221.8655
=2.32 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=147.559 + 4.651
=152.21

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=287.113 + 4.408
=291.521

Model N'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  *  -7.336/( (291.521+290.773)/ 2 )
=-1  *  -7.336/291.147
=2.52 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=287.113 + 4.408
=291.521

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=286.519 + 4.254
=290.773

* 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.


Model N  (NYSE:MODN) Effective Interest Rate on Debt % Explanation

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


Model N Effective Interest Rate on Debt % Related Terms

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Model N (Model N) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Model N Inc (NYSE:MODN) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
777 Mariners Island Boulevard, Suite 300, San Mateo, CA, USA, 94404
Model N Inc is a provider of cloud revenue management solutions for life science and technology companies. The products of the company involve Revenue Cloud for Life Sciences for helps life science companies improve revenue and operational efficiency while adhering to government regulations as it creates and executes contracts with its customers; and Revenue Cloud for High Tech that enables customers to modernize their sales processes by adopting a strategic approach to manage the revenue lifecycle by planned revenue. It has one operating segment with one business activity - developing and monetizing revenue management solutions. A majority of the firm's revenue is generated in the United States, but it has a presence in countries across the world.
Executives
Mark, Albert Anderson, officer: SVP, Global Services C/O MODEL N, INC.,1600 SEAPORT BOULEVARD, SUITE 400, PACIFIC SHORES CENTER - BLD.6, REDWOOD CITY CA 94063
Manisha Shetty Gulati director C/O MODEL N, INC., 777 MARINERS ISLAND BLVD, SUITE 300, SAN MATEO CA 94404
Kimberly Decarlis director 3400 BRIDGE PARKWAY, SUITE 200, REDWOOD SHORES CA 94065
Rehmann Rayani officer: Chief Strategy & Mktg Officer C/O MODEL N, INC., 777 MARINERS ISLAND BLVD, SUITE 300, SAN MATEO CA 94404
Christopher Lyon officer: SVP & Chief Revenue Officer C/O MODEL N, INC., 777 MARINERS ISLAND BLVD, SUITE 300, SAN MATEO CA 94404
Laura Selig officer: SVP, Chief People Officer C/O MODEL N, INC., 777 MARINERS ISLAND BLVD, SUITE 300, SAN MATEO CA 94404
Jason Blessing director, officer: Chief Executive Officer C/O MODEL N, INC., 777 MARINERS ISLAND BLVD., SUITE 300, SAN MATEO CA 94404
Suresh Kannan officer: SVP & Chief Product Officer C/O MODEL N, INC., 777 MARINERS ISLAND BLVD, SUITE 300, SAN MATEO CA 94404
John Ederer officer: SVP, Chief Financial Officer C/O MODEL N, INC., 777 MARINERS ISLAND BLVD., SUITE 300, SAN MATEO CA 94404
Dave Yarnold director C/O MODEL N, INC., 777 MARINERS ISLAND BLVD, SUITE 300, SAN MATEO CA 94404
Timothy M Adams director 311 ARSENAL STREET, WATERTOWN MA 02472
Alan S. Henricks director MODEL N, INC., 777 MARINERS ISLAND BLVD., SUITE 300, SAN MATEO CA 94404
Dave Michaud officer: SVP & Chief Marketing Officer C/O MODEL N, INC., 777 MARINERS ISLAND BLVD, SUITE 300, SAN MATEO CA 94404
Cathy A Lewis officer: Chief Accounting Officer C/O MODEL N, INC., 777 MARINERS ISLAND BLVD, SUITE 300, SAN MATEO CA 94404
David Barter officer: SVP, Chief Financial Officer C/O MODEL N, INC., 1600 SEAPORT BLVD., SUITE 400, REDWOOD CITY CA 94063