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Altitude International Holdings (Altitude International Holdings) Effective Interest Rate on Debt % : 3.58% (As of Dec. 2022)


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What is Altitude International Holdings 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. Altitude International Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was $2.52 Mil. Altitude International Holdings's average total debt for the quarter that ended in Dec. 2022 was $70.31 Mil. Therefore, Altitude International Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 3.58%.


Altitude International Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Altitude International Holdings'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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Altitude International Holdings Effective Interest Rate on Debt % Chart

Altitude International Holdings Annual Data
Trend Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
3.47 1.76 3.69

Altitude International Holdings Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.02 3.97 23.92 5.47 3.58

Competitive Comparison of Altitude International Holdings's Effective Interest Rate on Debt %

For the Leisure subindustry, Altitude International Holdings'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.


Altitude International Holdings's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

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

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



Altitude International Holdings Effective Interest Rate on Debt % Calculation

Altitude International Holdings'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  *  -1.327/( (1.31+70.619)/ 2 )
=-1  *  -1.327/35.9645
=3.69 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.289 + 0.021
=1.31

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=62.758 + 7.861
=70.619

Altitude International Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2022 )+Total Debt  (Q: Dec. 2022 ))/ count )
=-1  *  -2.516/( (69.995+70.619)/ 2 )
=-1  *  -2.516/70.307
=3.58 %

where

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=62.198 + 7.797
=69.995

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=62.758 + 7.861
=70.619

* 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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Altitude International Holdings  (OTCPK:ALTD) Effective Interest Rate on Debt % Explanation

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


Altitude International Holdings Effective Interest Rate on Debt % Related Terms

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Altitude International Holdings (Altitude International Holdings) Business Description

Traded in Other Exchanges
N/A
Address
4500 SE Pine Valley Street, Port Saint Lucie, FL, USA, 34952
Altitude International Holdings Inc is a holding company focused on a people-first, global wellness group through its operating subsidiaries which are comprised of multiple scalable related revenue streams that together create a vertically integrated high-performance sports, education, and technology group. It has three revenue streams: Sport Tuition Properties, Academic Tuition Properties, and Sport Technology Properties.
Executives
Keith Lee 10 percent owner 399 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10022
Gt Investment Partners, Lp 10 percent owner 18952 MACARTHUR BLVD, SUITE 100, IRVINE CA 92612
Scott Del Mastro director, 10 percent owner 4500 SE PINE VALLEY STREET, PORT ST., LUCIE FL 34952
Gregory C. Breunich director, 10 percent owner, officer: CEO, Chairman, and Acting CFO 4500 SE PINE VALLY STREET, PORT ST. LUCIE FL 34952
David P Vincent director, 10 percent owner ASHWOOD PINES, CHURCH END, SHERFIELD ON LODDON, HANTS X0 RG27 0JB
Gregory C. Anthony director, 10 percent owner, officer: CCO and President 4500 SE PINE VALLEY STREET, PORT SAINT LUCIE FL 34952
Lesley Visser director 535 E. LAS OLAS BOULEVARD, SUITE 120, FORT LAUDERDALE FL 33301
Joseph B. Frost officer: C.O.O. 4210 S. OCEAN BLVD., APT. 2, HIGHLAND BEACH FL 33487
Greg Peter Whyte director 4500 SE PINE VALLEY STREET, PORT SAINT LUCIE FL 34952
Robert Kanuth director, 10 percent owner, officer: CEO 535 E. LAS OLAS BOULEVARD, SUITE 120, FORT LAUDERDALE FL 33301
Amy Karen Freedman 10 percent owner 308 KENMORE AVE., EDGEWATER MD 21037

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