GetSwift Technologies (FRA:8DQ) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2021)

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What is GetSwift Technologies 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. GetSwift Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2021 was €0.02 Mil. GetSwift Technologies's average total debt for the quarter that ended in Mar. 2021 was €0.00 Mil. Therefore, GetSwift Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2021 was N/A%.

GetSwift Technologies Effective Interest Rate on Debt % Historical Data

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

GetSwift Technologies Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Effective Interest Rate on Debt %

68.47

GetSwift Technologies Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											-	-	27.59	-	-

Competitive Comparison of GetSwift Technologies's Effective Interest Rate on Debt %

For the Software - Application subindustry, GetSwift Technologies'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.

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

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

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

GetSwift Technologies Effective Interest Rate on Debt % Calculation

GetSwift Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2019 )	+	Total Debt (A: Jun. 2020 ))	/ count )
=	-1 * -0.139	/	( (0	+	0.203)	/ 1 )
=	-1 * -0.139	/	0.203
=	68.47 %

where

	Total Debt (A: Jun. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.203
=	0.203

GetSwift Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2020 )	+	Total Debt (Q: Mar. 2021 ))	/ count )
=	-1 * -0.024	/	( (0	+	0)	/ 1 )
=	-1 * -0.024	/	0
=	N/A %

where

	Total Debt (Q: Sep. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

GetSwift Technologies (FRA:8DQ) Effective Interest Rate on Debt % Explanation

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

GetSwift Technologies Effective Interest Rate on Debt % Related Terms

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GetSwift Technologies (FRA:8DQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GetSwift Technologies Ltd (FRA:8DQ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

TSXV:ID XSAT:JOJK XCNQ:PLNK ASX:AO1 WAR:ITL WAR:MAD XCNQ:PPK OCSE:NEXCOM TSXV:NPA XCNQ:PUSH

Traded in Other Exchanges

N/A

Address

1185 6th Avenue, New York, NY, USA, 10036

Website

https://www.getswift.co

GetSwift Technologies Ltd is a technology and services company that offers a suite of software, products, and services through its operating subsidiaries, which are focused on business and logistics and automation, data management and analysis, communications, information security, and infrastructure optimization and also includes e-commerce and marketplace ordering, workforce management, data analytics and augmentation, business intelligence, route optimization, cash management, task management shift management, asset tracking, real-time alerts, cloud communications, and communications infrastructure services and products through consulting, design, construction, and maintenance.

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