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Astra Space (Astra Space) Effective Interest Rate on Debt % : 20.03% (As of Dec. 2023)


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What is Astra Space 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. Astra Space's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $9.12 Mil. Astra Space's average total debt for the quarter that ended in Dec. 2023 was $45.53 Mil. Therefore, Astra Space's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 20.03%.


Astra Space Effective Interest Rate on Debt % Historical Data

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

Astra Space Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 9.60 3.45 - 8.39

Astra Space Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - 36.89 20.03

Competitive Comparison of Astra Space's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Astra Space'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.


Astra Space's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Astra Space's Effective Interest Rate on Debt % distribution charts can be found below:

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



Astra Space Effective Interest Rate on Debt % Calculation

Astra Space'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  *  -3.619/( (12.851+73.378)/ 2 )
=-1  *  -3.619/43.1145
=8.39 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.051 + 3.8
=12.851

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.056 + 67.322
=73.378

Astra Space'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  *  -9.12/( (17.691+73.378)/ 2 )
=-1  *  -9.12/45.5345
=20.03 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.814 + 10.877
=17.691

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.056 + 67.322
=73.378

* 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.


Astra Space  (NAS:ASTR) Effective Interest Rate on Debt % Explanation

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


Astra Space Effective Interest Rate on Debt % Related Terms

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Astra Space (Astra Space) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1900 Skyhawk Street, Alameda, CA, USA, 94501
Astra Space Inc is a technology company that provides space services, including satellite launch services and other space services, based on a proprietary, vertically integrated technology platform. It offers launch services, space products, and space services to achieve its space services platform model.
Executives
Scott Stanford director, 10 percent owner C/O PERSONALIZED BEAUTY DISCOVERY, INC., 201 BALDWIN AVENUE, SAN MATEO CA 94401
Axel Martinez officer: Chief Financial Officer 418 STARVIEW DRIVE, DANVILLE CA 94526
Julie A Cullivan director 17800 N 85TH ST, SCOTTSDALE AZ 85255
Chris Kemp director, 10 percent owner, officer: See Remarks 1900 SKYHAWK STREET, ALAMEDA CA 94501
A/npc Holdings Llc 10 percent owner 6350 COURT STREET, EAST SYRACUSE NY 13057
Michael E Lehman director
Michele Angelique Flournoy director 3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Craig Mccaw director EAGLE RIVER INC, 2300 CARILLON POINT, KIRKLAND WA 98033
Lisa Nelson director 1920 4TH AVENUE #1111, SEATTLE WA 98101
Advance Publications, Inc 10 percent owner 950 FINGERBOARD ROAD, STATEN ISLAND NY 10305
Benjamin Lyon officer: See Remarks 1900 SKYHAWK STREET, ALAMEDA CA 94501
Martin Attiq officer: Chief Business Officer 1900 SKYHAWK STREET, ALAMEDA CA 94501
Adam London director, 10 percent owner, officer: Chief Technology Officer 1900 SKYHAWK STREET, ALAMEDA CA 94501
Sherpaventures Fund Ii Gp, Llc 10 percent owner 505 HOWARD STREET, SUITE 201, SAN FRANCISCO CA 94105
Sherpaventures Fund Ii, Lp 10 percent owner 505 HOWARD STREET, SUITE 201, SAN FRANCISCO CA 94105