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Net Element (Net Element) Effective Interest Rate on Debt % : 14.42% (As of Jun. 2021)


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What is Net Element 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. Net Element's annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was $1.45 Mil. Net Element's average total debt for the quarter that ended in Jun. 2021 was $10.07 Mil. Therefore, Net Element's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 14.42%.


Net Element Effective Interest Rate on Debt % Historical Data

The historical data trend for Net Element'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.

Net Element Effective Interest Rate on Debt % Chart

Net Element Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.90 20.80 12.65 13.90 14.20

Net Element Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 13.74 13.75 14.76 13.43 14.42

Competitive Comparison of Net Element's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Net Element'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.


Net Element's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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



Net Element Effective Interest Rate on Debt % Calculation

Net Element's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2019 )+Total Debt  (A: Dec. 2020 ))/ count )
=-1  *  -1.447/( (9.633+10.745)/ 2 )
=-1  *  -1.447/10.189
=14.20 %

where

Total Debt  (A: Dec. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.59 + 1.043
=9.633

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.274 + 1.471
=10.745

Net Element's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2021 )+Total Debt  (Q: Jun. 2021 ))/ count )
=-1  *  -1.452/( (10.46+9.682)/ 2 )
=-1  *  -1.452/10.071
=14.42 %

where

Total Debt  (Q: Mar. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.259 + 1.201
=10.46

Total Debt  (Q: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.089 + 0.593
=9.682

* 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 (Jun. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Net Element  (NAS:NETE) Effective Interest Rate on Debt % Explanation

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


Net Element Effective Interest Rate on Debt % Related Terms

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Net Element (Net Element) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Net Element Inc (NAS:NETE) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
3363 NE 163rd Street, Suite 605, North Miami Beach, FL, USA, 33160
Net Element Inc is a financial technology-driven group specializing in mobile payments and other transactional services in emerging countries and the United States. It operates through two segments. The North America Transaction Solutions segment provides technology and services to businesses that are required to accept cashless transactions, mobile payment services, merchant performance analytical tools, and merchant back office reporting; and the International Transaction Solutions segment provides online and mobile commerce solutions for merchants including social networks, game developers, online magazines, mobile applications and digital media operators. The company generates a majority of its revenue from the North America transaction solutions segment.
Executives
Steven Wolberg officer: Chief Legal Officer 3363 NE 163RD STREET, #705, NORTH MIAMI BEACH FL 33160
Jeffrey Ginsberg officer: Chief Financial Officer 3363 NE 163RD STREET, SUITE 705, C/O NET ELEMENT, INC., NORTH MIAMI BEACH FL 33160
Jon Najarian director 55 EAST MONROE STREET, SUITE 3800, CHICAGO IL 60603
John Roland director 3370 NE 190 STREET APT. 2108, AVENTURA FL 33180
Todd Raarup director 133 PROSPECTOR LANE 4102, ASPEN CO 81611
Howard Ash director 4233 SHERIDAN AVE, MIAMI BEACH FL 33140
Jonathan Fichman director 9324 NW 10TH STREET, PLANTATION FL 33322
John Joseph Wiegand director 1250 EASTON ROAD, SUITE 190 A, HORSHAM PA 19044
Drew J Freeman director 2542 NASSAU LANE, FORT LAUDERDALE FL 33312
Oleg Firer director, 10 percent owner, officer: Chief Executive Officer 11 YELLOWSTONE DRIVE, OLD BRIDGE NJ 08857
James Caan director 1450 SOUTH MIAMI AVENUE, MIAMI FL 33130
Kenges Rakishev director SAF & CO., 214 MUKANOVA STREET, ALMATY 1P 050008
Jonathan New officer: Chief Financial Officer 12100 NE 16TH AVENUE, #210, NORTH MIAMI FL 33161
William Healy director 16W281 83RD STREET, SUITE B, BURR RIDGE IL 60527
Kelley David P Ii director C/O ARCO CAPITAL MANAGEMENT LLC, 7 SHEINOVO STREET, SOFIA E0 1504

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