Beam Global (Beam Global) Effective Interest Rate on Debt % : 0.84% (As of Mar. 2024)

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What is Beam Global 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. Beam Global's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.02 Mil. Beam Global's average total debt for the quarter that ended in Mar. 2024 was $1.89 Mil. Therefore, Beam Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.84%.

Beam Global Effective Interest Rate on Debt % Historical Data

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

Beam Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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38.46

0.80

0.04

0.05

0.81

Beam Global Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	0.51	1.06	1.78	0.84

Competitive Comparison of Beam Global's Effective Interest Rate on Debt %

For the Solar subindustry, Beam Global'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.

Beam Global's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Beam Global's Effective Interest Rate on Debt % distribution charts can be found below:

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

Beam Global Effective Interest Rate on Debt % Calculation

Beam Global'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 * -0.012	/	( (1.698	+	1.27)	/ 2 )
=	-1 * -0.012	/	1.484
=	0.81 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.07	+	0.628
=	1.698

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.615	+	0.655
=	1.27

Beam Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.016	/	( (1.27	+	2.518)	/ 2 )
=	-1 * -0.016	/	1.894
=	0.84 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.615	+	0.655
=	1.27

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.622	+	0.896
=	2.518

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Beam Global (NAS:BEEM) Effective Interest Rate on Debt % Explanation

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

Beam Global Effective Interest Rate on Debt % Related Terms

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Beam Global (Beam Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Beam Global (NAS:BEEM) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

16NA:Germany

Address

5660 Eastgate Drive, San Diego, CA, USA, 92121

Website

https://www.beamforall.com

Beam Global produces sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, and costs of grid-tied solutions. Its products are founded upon its patented EV ARC and Solar Treelines and include BeamTrak patented solar tracking, and ARC Technology energy storage, along with EV charging, outdoor media, and disaster preparedness packages. From start to finish, the company develops, patents, designs, engineers, and manufactures renewably energized products that help the environment, empower communities, and keep people moving.

Executives

Desmond C Wheatley	officer: President and CEO	3809 VIA REPOSO, RANCHO SANTA FE CA 92091
Townsend Battery Partners, Llc	10 percent owner	11311 MCCORMICK ROAD, SUITE 470, HUNT VALLEY MD 21031
Anthony L Posawatz	director	8071 PINE FOREST CT, DAVISBURY MI 48350
Peter Warner Davidson	director	43 PIERREPONT ST., BROOKLYN NY 11201
Nancy C Floyd	director	101 CONSTITUTION AVENUE, NW, WASHINGTON DC 20080
Katherine H Mcdermott	officer: Chief Financial Officer	5660 EASTGATE DRIVE, SAN DIEGO CA 92121
Robert C Schweitzer	director	1441 SW 29TH AVENUE, POMPANO BEACH FL 33069
Keshif Ventures, Llc	10 percent owner	11512 EL CAMINO REAL, SUITE 340, SAN DIEGO CA 92130
Paul Feller	director	8439 SUNSET BLVD., 2ND FLOOR, WEST HOLLYWOOD CA 90069
Jay S Potter	director	10509 VISTA SORRENTO PKWY, SUITE 300, SAN DIEGO CA 92121
Chris Caulson	officer: Chief Financial Officer	4525 GRANGER STREET, SAN DIEGO CA 92107
John M Evey	director	7683 MARKER ROAD, SAN DIEGO CA 92130
Robert L Noble	director, 10 percent owner, officer: Chief Executive Officer	150 HUMMINGBIRD HILL, ENCINITAS CA 92024