Despegar.com (Despegar.com) Effective Interest Rate on Debt % : 54.16% (As of Dec. 2023)

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What is Despegar.com 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. Despegar.com's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $28.0 Mil. Despegar.com's average total debt for the quarter that ended in Dec. 2023 was $51.7 Mil. Therefore, Despegar.com's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 54.16%.

Despegar.com Effective Interest Rate on Debt % Historical Data

The historical data trend for Despegar.com'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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Despegar.com Effective Interest Rate on Debt % Chart

Despegar.com Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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12.63

8.34

8.12

11.86

16.08

Despegar.com 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															-	84.15	32.84	25.64	54.16

Competitive Comparison of Despegar.com's Effective Interest Rate on Debt %

For the Travel Services subindustry, Despegar.com'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.

Despegar.com's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Despegar.com's Effective Interest Rate on Debt % distribution charts can be found below:

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

Despegar.com Effective Interest Rate on Debt % Calculation

Despegar.com'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 * -10.29	/	( (74.161	+	53.797)	/ 2 )
=	-1 * -10.29	/	63.979
=	16.08 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22.27	+	51.891
=	74.161

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.232	+	34.565
=	53.797

Despegar.com'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 * -28.024	/	( (49.693	+	53.797)	/ 2 )
=	-1 * -28.024	/	51.745
=	54.16 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.011	+	32.682
=	49.693

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.232	+	34.565
=	53.797

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.

Despegar.com (NYSE:DESP) Effective Interest Rate on Debt % Explanation

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

Despegar.com Effective Interest Rate on Debt % Related Terms

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Despegar.com (Despegar.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Despegar.com Corp (NYSE:DESP) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

D3G:Germany DESP:Argentina

Address

Juana Manso 1069, Floor 5, Buenos Aires, ARG, C1107CBU

Website

https://www.despegar.com

Despegar.com Corp is an online travel company in Latin America. Its product offering includes airline tickets, packages, hotels, and other travel-related products, which enables consumers to find, compare, plan and purchase travel products easily through its marketplace. The company provides a technology platform for managing the distribution of products and access to users to the network of travel suppliers. It operates through two segments: Air, which consists of the sale of airline tickets; and Packages, Hotels, and Other Travel Products, which consists of travel packages, as well as sales of hotel rooms, car rentals, bus tickets, cruise tickets, travel insurance and destination services. Its geographical segments are Argentina, Brazil, Uruguay, Mexico, and other countries.