GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Airtasker Ltd (ASX:ART) » Definitions » Effective Interest Rate on Debt %

Airtasker (ASX:ART) Effective Interest Rate on Debt % : 0.18% (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Airtasker 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. Airtasker's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.01 Mil. Airtasker's average total debt for the quarter that ended in Dec. 2023 was A$3.40 Mil. Therefore, Airtasker's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.18%.

Airtasker Effective Interest Rate on Debt % Historical Data

The historical data trend for Airtasker'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.

Airtasker Effective Interest Rate on Debt % Chart

Airtasker Annual Data
Trend Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
15.64 1.68 3.13

Airtasker Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 5.57 2.58 2.22 0.18

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

For the Internet Content & Information subindustry, Airtasker'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.

Airtasker's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

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

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


Airtasker Effective Interest Rate on Debt % Calculation

Airtasker's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -0.082/( (1.597+3.646)/ 2 )
=-1  *  -0.082/2.6215
=3.13 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.017 + 0.58
=1.597

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.659 + 0.987
=3.646

Airtasker'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: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.006/( (3.646+3.16)/ 2 )
=-1  *  -0.006/3.403
=0.18 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.659 + 0.987
=3.646

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.128 + 1.032
=3.16

* 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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Airtasker  (ASX:ART) Effective Interest Rate on Debt % Explanation

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

Airtasker Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Airtasker's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Airtasker (ASX:ART) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Airtasker Ltd (ASX:ART) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ASX:TMH ASX:RMY ASX:CHL ASX:TNY ASX:FGL ASX:SHO ASX:RNT ASX:LVE ASX:AFW ASX:FDV GOOGL META HKSE:00700 XAMS:PRX BIDU SPOT DASH JSE:NPN HKSE:01024 XKRX:035420
Traded in Other Exchanges
N/A
Address
24-28 Campbell Street, Level 6, Haymarket, NSW, AUS, 2000
Website
https://www.airtasker.com
Airtasker Ltd is a community platform that connects people who need to outsource tasks and find local services, with people who are looking to earn money and ready to work. It helps to complete home cleaning, handyman jobs, admin work, photography, graphic design or even build a website. The company generates revenue from service fees and stored value brokerage.

Airtasker (ASX:ART) Headlines

No Headlines