Spetz (DBKSF) Effective Interest Rate on Debt % : 33.18% (As of Sep. 2024)

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What is Spetz 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. Spetz's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.39 Mil. Spetz's average total debt for the quarter that ended in Sep. 2024 was $1.17 Mil. Therefore, Spetz's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 33.18%.

Spetz Effective Interest Rate on Debt % Historical Data

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

Spetz Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Dec23

Effective Interest Rate on Debt %

7.27

58.90

77.51

9.74

52.68

Spetz Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															130.00	-53.53	29.89	22.63	33.18

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

For the Software - Application subindustry, Spetz'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.

Spetz's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

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Spetz Effective Interest Rate on Debt % Calculation

Spetz'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: Jan. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.3	/	( (0.154	+	0.985)	/ 2 )
=	-1 * -0.3	/	0.5695
=	52.68 %

where

	Total Debt (A: Jan. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.04	+	0.114
=	0.154

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.016	+	0.969
=	0.985

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -0.388	/	( (1.152	+	1.187)	/ 2 )
=	-1 * -0.388	/	1.1695
=	33.18 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.152
=	1.152

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.187
=	1.187

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

Spetz (OTCPK:DBKSF) Effective Interest Rate on Debt % Explanation

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

Spetz Effective Interest Rate on Debt % Related Terms

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Spetz Business Description

Industry

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SPTZ:Canada

Address

40 King Street West, Scotia Plaza, Suite 5800, P.O. Box 1011, Miller Thomson Llp, Toronto, ON, CAN, M5H 3S1

Website

https://www.spetz.app

Spetz Inc is a multinational technology company that operates Spetz, a global online, AI-powered marketplace platform that dynamically connects consumers to nearby top-rated service providers in around 30 seconds. Spetz is available in the USA, United Kingdom, Australia, and Israel. Connecting them immediately with the top-matched service provider for any need, anytime, anywhere.