DLOC (Digital Locations) Effective Interest Rate on Debt % : 193.55% (As of Jun. 2024)

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What is Digital Locations 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. Digital Locations's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $2.67 Mil. Digital Locations's average total debt for the quarter that ended in Jun. 2024 was $1.38 Mil. Therefore, Digital Locations's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 193.55%.

Digital Locations Effective Interest Rate on Debt % Historical Data

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

Digital Locations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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44.33

24.71

61.47

114.22

141.97

Digital Locations Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															33.70	211.88	249.42	561.63	193.55

Competitive Comparison of Digital Locations's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Digital Locations'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.

Digital Locations's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

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

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Digital Locations Effective Interest Rate on Debt % Calculation

Digital Locations'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 * -0.986	/	( (0.503	+	0.886)	/ 2 )
=	-1 * -0.986	/	0.6945
=	141.97 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.399	+	0.104
=	0.503

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.599	+	0.287
=	0.886

Digital Locations'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 * -2.672	/	( (1.178	+	1.583)	/ 2 )
=	-1 * -2.672	/	1.3805
=	193.55 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.649	+	0.529
=	1.178

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.699	+	0.884
=	1.583

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.

Digital Locations (OTCPK:DLOC) Effective Interest Rate on Debt % Explanation

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

Digital Locations Effective Interest Rate on Debt % Related Terms

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Digital Locations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Digital Locations Inc (OTCPK:DLOC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1117 State Street, Santa Barbara, CA, USA, 93101

Website

https://www.digitallocations.com

Digital Locations Inc is developing a new technology that will enable high-speed Internet service to be delivered from satellites directly to smartphones. It aims to redesign the link technology between satellites and smartphones, which includes novel antenna designs, new integrated circuits, and innovative frequency management to support indoor and outdoor data connection.

Executives

Richard Berliner	officer: Chief Executive Officer	C/O DIGITAL LOCATIONS, INC., 3700 STATE STREET, SUITE 350, SANTA BARBARA CA 93105
Rick Ellis	director	9450 SW GEMINI DR STE #63291, BEAVERTON OR 97708
Elton Byron	director	5511-C EKWILL STREET, SANTA BARBARA CA 93111
Christopher S Kelly	director, officer: true	5511-C EKWILL STREET, SANTA BARBARA CA 93111
Beifuss William E Jr	director, 10 percent owner, officer: Chairman, President, CEO & CFO	1205 PETERSEN AVENUE, SOLVANG CA 93463