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Towerstream (Towerstream) Effective Interest Rate on Debt % : 19.12% (As of Dec. 2018)


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What is Towerstream 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. Towerstream's annualized positive value of Interest Expense for the quarter that ended in Dec. 2018 was $7.36 Mil. Towerstream's average total debt for the quarter that ended in Dec. 2018 was $38.47 Mil. Therefore, Towerstream's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 was 19.12%.


Towerstream Effective Interest Rate on Debt % Historical Data

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

Towerstream Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.09 19.24 19.61 15.53 18.76

Towerstream Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
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 15.42 16.29 20.51 20.22 19.12

Competitive Comparison of Towerstream's Effective Interest Rate on Debt %

For the Telecom Services subindustry, Towerstream'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.


Towerstream's Effective Interest Rate on Debt % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Towerstream's Effective Interest Rate on Debt % distribution charts can be found below:

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



Towerstream Effective Interest Rate on Debt % Calculation

Towerstream's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2017 )+Total Debt  (A: Dec. 2018 ))/ count )
=-1  *  -6.93/( (34.558+39.337)/ 2 )
=-1  *  -6.93/36.9475
=18.76 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.306 + 34.252
=34.558

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.296 + 39.041
=39.337

Towerstream's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2018 )+Total Debt  (Q: Dec. 2018 ))/ count )
=-1  *  -7.356/( (37.593+39.337)/ 2 )
=-1  *  -7.356/38.465
=19.12 %

where

Total Debt  (Q: Sep. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.384 + 37.209
=37.593

Total Debt  (Q: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.296 + 39.041
=39.337

* 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. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Towerstream  (OTCPK:TWER) Effective Interest Rate on Debt % Explanation

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


Towerstream Effective Interest Rate on Debt % Related Terms

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Towerstream (Towerstream) Business Description

Traded in Other Exchanges
N/A
Address
76 Hammarlund Way, Middletown, RI, USA, 02842
Towerstream Corp is a US-based company providing fixed wireless services. The company operates through the Fixed Wireless Services business segment. Its fixed wireless service provides bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services. The company installs receivers and antennas on rooftops to establish a wireless connection between the customer Location to one or more of its points of presence.
Executives
William John Bush director 539 BRYANT STREET, SUITE 403, SAN FRANCISCO CA 94107
Paul Koehler director C/O TOWERSTREAM CORPORATION, 55 HAMMARLUND WAY, MIDDLETOWN RI 02842
Don Macneil director 311 BROADWAY, POINT PLEASANT BEACH NJ 08742
Ernest Ortega officer: Chief Executive Officer 18934 CANOE LANDING COURT, LEESBURG VA 20176
Jeffrey M Thompson director, officer: President and CEO 5 SHELL CASTLE CLUB, PALMAS DEL MAR PR 00791
Joseph P Hernon officer: Chief Financial Officer 1607 PONCE DE LEON AVENUE, SUITE 407, SAN JUAN PR 00909
Kilguss George E Iii officer: Chief Financial Officer C/O VERISIGN, INC., 12061 BLUEMONT WAY, RESTON VA 20190

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