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. Snap's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $21 Mil. Snap's average total debt for the quarter that ended in Dec. 2023 was $4,251 Mil. Therefore, Snap's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.50%.
Snap Effective Interest Rate on Debt % Historical Data
The historical data trend for Snap'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.
|
Snap Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Effective Interest Rate on Debt % |
|
|
|
|
|
2.02 |
6.00 |
0.76 |
0.63 |
0.52 |
|
Snap 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 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.51 |
0.56 |
0.51 |
0.53 |
0.50 |
Competitive Comparison
For the Internet Content & Information subindustry, Snap'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.
Snap Effective Interest Rate on Debt % Distribution
For the Interactive Media industry and Communication Services sector, Snap's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Snap's Effective Interest Rate on Debt % falls into.
Snap Effective Interest Rate on Debt % Calculation
Snap'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 * -22.024 | / | ( (4175.276 | + | 4345) | / 2 ) |
| = | -1 * -22.024 | / | 4260.138 |
| = | 0.52 % |
where
Snap'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 * -21.1 | / | ( (4156.296 | + | 4345) | / 2 ) |
| = | -1 * -21.1 | / | 4250.648 |
| = | 0.50 % |
where
* 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.
Snap (SNAP) Business Description
Traded in Other Exchanges
Address
3000 31st Street, Santa Monica, CA, USA, 90405
Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. Snap generates nearly all its revenue from advertising with 70% coming from North America. The firm is headquartered in Venice, California.
Executives
| Rebecca Morrow |
officer: CAO and Controller |
C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
| Derek Andersen |
officer: Chief Financial Officer |
C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
| Michael J. O'sullivan |
officer: General Counsel |
C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
| Eric Young |
officer: SVP of Engineering |
3000 31ST STREET, SANTA MONICA CA 90405 |
| Robert C. Murphy |
director, officer: Chief Technology Officer |
C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
| Evan Spiegel |
director, officer: Chief Executive Officer |
C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
| Jerry James Hunter |
officer: Senior VP, Engineering |
3000 31ST STREET, SANTA MONICA CA 90405 |
| Patrick Spence |
director |
C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101 |
| Poppy Thorpe |
director |
C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
| Jeremi Gorman |
officer: Chief Business Officer |
C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
| Joanna Coles |
director |
C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
| Fidel Vargas |
director |
3000 31ST STREET, C/O SNAP INC, SANTA MONICA CA 90405 |
| Jared Grusd |
officer: Chief Strategy Officer |
C/O SNAP INC., 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA 90405 |
| Elizabeth Jenkins |
director |
C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
| Michael Lynton |
director |
2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067 |
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