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BEEP (Mobile Infrastructure) Effective Interest Rate on Debt % : 6.44% (As of Jun. 2024)


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What is Mobile Infrastructure 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. Mobile Infrastructure's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $12.35 Mil. Mobile Infrastructure's average total debt for the quarter that ended in Jun. 2024 was $191.82 Mil. Therefore, Mobile Infrastructure's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 6.44%.


Mobile Infrastructure Effective Interest Rate on Debt % Historical Data

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

Mobile Infrastructure Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
4.60 6.05 6.74

Mobile Infrastructure Quarterly Data
Dec21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.71 7.48 6.25 6.19 6.44

Competitive Comparison of Mobile Infrastructure's Effective Interest Rate on Debt %

For the Infrastructure Operations subindustry, Mobile Infrastructure'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.


Mobile Infrastructure's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mobile Infrastructure's Effective Interest Rate on Debt % distribution charts can be found below:

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



Mobile Infrastructure Effective Interest Rate on Debt % Calculation

Mobile Infrastructure'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  *  -13.91/( (219.679+192.903)/ 2 )
=-1  *  -13.91/206.291
=6.74 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=146.948 + 72.731
=219.679

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=134.38 + 58.523
=192.903

Mobile Infrastructure's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -12.348/( (192.131+191.499)/ 2 )
=-1  *  -12.348/191.815
=6.44 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=133.681 + 58.45
=192.131

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=132.92 + 58.579
=191.499

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


Mobile Infrastructure  (AMEX:BEEP) Effective Interest Rate on Debt % Explanation

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


Mobile Infrastructure Effective Interest Rate on Debt % Related Terms

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Mobile Infrastructure Business Description

Traded in Other Exchanges
N/A
Address
30 W. 4th Street, Cincinnati, OH, USA, 45202
Mobile Infrastructure Corp focuses on acquiring, owning, and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States. The company targets both parking garage and surface lot properties primarily in the top 50 U.S. Metropolitan Statistical Areas, with proximity to key demand drivers, such as airports, transportation hubs, educational facilities, government buildings and courthouses, sports and entertainment venues, hospital and health centers, hotels, office complexes and residences.
Executives
Jeffrey Osher director 505 MONTGOMERY STREET, SUITE 1250, SAN FRANCISCO CA 94111
Stephanie Hogue director, 10 percent owner, officer: President & CFO 250 E. 5TH STREET, STE 2110, CINCINNATI OH 45202
Amanda Parness other: Former Director C/O FIFTH WALL ACQUISITION CORP. II, 6060 CENTER DRIVE, 10TH FLOOR, LOS ANGELES CA 90045
Brad Greiwe director 1 LITTLE WEST 12TH STREET, 4TH FLOOR, NEW YORK NY 10014
Damon D Jones director 250 E 5TH STREET, STE 2110, CINCINNATI OH 45202
Manuel Iii Chavez director, officer: CEO 250 E 5TH STREET, STE 2110, CINCINNATI OH 45202
Color Up, Llc other: See Remarks 250 E 5TH STREET, STE 2110, CINCINNATI OH 45202
Hscp Strategic Iii L.p. other: See Remarks 505 MONTGOMERY STREET, SUITE 1250, SAN FRANCISCO CA 94111
Poonam Sharma Mathis other: Former Director C/O FIFTH WALL ACQUISITION CORP. II, 6060 CENTER DRIVE, 10TH FLOOR, LOS ANGELES CA 90045
Adeyemi Ajao other: Former Director C/O FIFTH WALL ACQUISITION CORP. II, 6060 CENTER DRIVE, 10TH FLOOR, LOS ANGELES CA 90045
Lorrence T Kellar director C/O LOEHMANNS INC, 2500 HALSEY STREET, BRONX NY 10461
Fifth Wall Acquisition Sponsor Iii, Llc 10 percent owner 6060 CENTER DRIVE, FLOOR 10, LOS ANGELES CA 90045
Andriy Mykhaylovskyy 10 percent owner 6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA 90045
Brendan Wallace 10 percent owner 6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA 90045
Alana Beard other: Former Director 6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA 90045

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