UpSnap (UpSnap) Effective Interest Rate on Debt % : 13.44% (As of Sep. 2023)

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What is UpSnap 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. UpSnap's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.08 Mil. UpSnap's average total debt for the quarter that ended in Sep. 2023 was $0.63 Mil. Therefore, UpSnap's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 13.44%.

UpSnap Effective Interest Rate on Debt % Historical Data

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

UpSnap Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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12.80

19.37

17.17

12.88

12.73

UpSnap Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															13.06	13.47	13.02	13.52	13.44

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

For the Advertising Agencies subindustry, UpSnap'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.

UpSnap's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

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

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

UpSnap Effective Interest Rate on Debt % Calculation

UpSnap'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 * -0.081	/	( (0.656	+	0.617)	/ 2 )
=	-1 * -0.081	/	0.6365
=	12.73 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.031	+	0.625
=	0.656

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.617
=	0.617

UpSnap's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.084	/	( (0.631	+	0.619)	/ 2 )
=	-1 * -0.084	/	0.625
=	13.44 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.631
=	0.631

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.619
=	0.619

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

UpSnap (OTCPK:CEENQ) Effective Interest Rate on Debt % Explanation

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

UpSnap Effective Interest Rate on Debt % Related Terms

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UpSnap (UpSnap) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » UpSnap Inc (OTCPK:CEENQ) » Definitions » Effective Interest Rate on Debt %

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Address

100 Consilium Place, Suite 200, Toronto, ON, CAN, M1H 3E3

Website

https://www.upsnap.com

UpSnap Inc is a provider of mobile advertising solutions. It offers its mobile advertising services to national brands on a campaign basis and to small businesses on a subscription basis. In addition, it is involved in the licensing and support of its software solutions, as well as sale and service of software and hosting solutions. The company is conducting business in two geographic areas of operations - the United States and the rest of the world. It generates revenue from advertising services, software licensing, updated and support, and software customization.

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