Baijiayun Group (Baijiayun Group) Effective Interest Rate on Debt % : 4.62% (As of Jun. 2023)

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What is Baijiayun Group 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. Baijiayun Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.36 Mil. Baijiayun Group's average total debt for the quarter that ended in Jun. 2023 was $7.84 Mil. Therefore, Baijiayun Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 4.62%.

Baijiayun Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Baijiayun Group'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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Baijiayun Group Effective Interest Rate on Debt % Chart

Baijiayun Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Jun22

Jun23

Effective Interest Rate on Debt %

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8.05

9.48

5.23

2.51

Baijiayun Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.20	4.78	-	0.32	4.62

Competitive Comparison of Baijiayun Group's Effective Interest Rate on Debt %

For the Software - Application subindustry, Baijiayun Group'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.

Baijiayun Group's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Baijiayun Group Effective Interest Rate on Debt % Calculation

Baijiayun Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.183	/	( (1.325	+	13.233)	/ 2 )
=	-1 * -0.183	/	7.279
=	2.51 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.551	+	0.774
=	1.325

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.136	+	3.097
=	13.233

Baijiayun Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.362	/	( (2.445	+	13.233)	/ 2 )
=	-1 * -0.362	/	7.839
=	4.62 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.263	+	2.182
=	2.445

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.136	+	3.097
=	13.233

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 two times the semi-annual (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Baijiayun Group (NAS:RTC) Effective Interest Rate on Debt % Explanation

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

Baijiayun Group Effective Interest Rate on Debt % Related Terms

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Baijiayun Group (Baijiayun Group) Business Description

Industry

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F4B1:Germany

Address

No. 32 Fengzhan Road, 24th Floor, A1 South Building, Yuhuatai District, Nanjing, CHN, 210000

Website

https://ir.baijiayun.com

Baijiayun Group Ltd is a ToB video cloud technology service provider that solves various pain points and needs in the field of video technology applications for enterprises. The group supplies energy for the digital development of enterprises through audio and video technology. The firm provides video technology solutions to enterprises and government agencies in various fields such as automobiles, finance, education, and medical care. Baijiayun has created three categories of product services namely video SaaS/PaaS business, video cloud products and software, and video system solutions. It has set up multiple R&D centers, branches, and offices across the country, enabling video technology to create industrial value and promote the development of the real economy.