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SmileDirectClub (SmileDirectClub) Effective Interest Rate on Debt %

: 3.89% (As of Jun. 2023)
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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. SmileDirectClub's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $34.1 Mil. SmileDirectClub's average total debt for the quarter that ended in Jun. 2023 was $875.7 Mil. Therefore, SmileDirectClub's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 3.89%.


SmileDirectClub Effective Interest Rate on Debt % Historical Data

The historical data trend for SmileDirectClub'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.

SmileDirectClub Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Premium Member Only 13.21 8.61 13.96 3.87 2.21

SmileDirectClub Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Effective Interest Rate on Debt % 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 Premium Member Only Premium Member Only Premium Member Only 2.27 2.65 3.15 3.54 3.89

Competitive Comparison

For the Medical Instruments & Supplies subindustry, SmileDirectClub'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.


SmileDirectClub Effective Interest Rate on Debt % Distribution

For the Medical Devices & Instruments industry and Healthcare sector, SmileDirectClub's Effective Interest Rate on Debt % distribution charts can be found below:

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



SmileDirectClub Effective Interest Rate on Debt % Calculation

SmileDirectClub's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -17.961/( (761.322+865.461)/ 2 )
=-1  *  -17.961/813.3915
=2.21 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=750.325 + 10.997
=761.322

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=865.461 + 0
=865.461

SmileDirectClub'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: Mar. 2023 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -34.108/( (874.815+876.677)/ 2 )
=-1  *  -34.108/875.746
=3.89 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=874.815 + 0
=874.815

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=876.677 + 0
=876.677

* 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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


SmileDirectClub  (OTCPK:SDCCQ) Effective Interest Rate on Debt % Explanation

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


SmileDirectClub Effective Interest Rate on Debt % Related Terms

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SmileDirectClub (SmileDirectClub) Business Description

Traded in Other Exchanges
N/A
Address
414 Union Street, Nashville, TN, USA, 37219
SmileDirectClub Inc is engaged in the orthodontics business. It is mainly involved in the sale of aligners, impression kits, whitening gel, and retainers. The company has one operating segment, aligner products.
Executives
Richard F Wallman director HONEYWELL, 101 COLUMBIA ROAD, MORRISTOWN NJ 07962
Susan Greenspon Rammelt director, officer: General Counsel, Sec. and Dir. C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Alexander Dimitrief director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Linda Marie Williams director C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Cd&r Investment Associates X, Ltd. 10 percent owner CLAYTON, DUBILIER & RICE, LLC, 375 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10152
Kay Oswald officer: President of International C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Ward Edward W Iii director SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Steven B. Katzman director, officer: COO and Director C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
David B Katzman director, officer: CEO and Chairman 100 GALLERIA OFFICECENTRE, SUITE 419, SOUTHFIELD MI 48034
Jordan M. Katzman director C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Kyle Wailes officer: Chief Financial Officer C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Troy W. Crawford officer: Chief Accounting Officer C/O GAMESTOP CORP., 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Carol Hamilton director C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
William H. Frist director 600 MONTGOMERY STREET, SAN FRANCISCO CA 94111
Cd&r Sdc Holdings, L.p. 10 percent owner MAPLES CORP SERVICES LTD, P.O. BOX 309, UGLAND HOUSE, SOUTH CHURCH STREET, GRAND CAYMAN E9 KY1-1104