Intellinetics (Intellinetics) Effective Interest Rate on Debt % : 10.31% (As of Mar. 2024)

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What is Intellinetics 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. Intellinetics's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.56 Mil. Intellinetics's average total debt for the quarter that ended in Mar. 2024 was $5.43 Mil. Therefore, Intellinetics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.31%.

Intellinetics Effective Interest Rate on Debt % Historical Data

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

Intellinetics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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21.45

12.75

8.38

12.63

9.28

Intellinetics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.97	9.70	8.77	8.38	10.31

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

For the Software - Application subindustry, Intellinetics'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.

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

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

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

Intellinetics Effective Interest Rate on Debt % Calculation

Intellinetics'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 * -0.588	/	( (7.024	+	5.652)	/ 2 )
=	-1 * -0.588	/	6.338
=	9.28 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.372	+	1.652
=	7.024

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.889	+	0.763
=	5.652

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.56	/	( (5.652	+	5.214)	/ 2 )
=	-1 * -0.56	/	5.433
=	10.31 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.889	+	0.763
=	5.652

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.045	+	1.169
=	5.214

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

Intellinetics (AMEX:INLX) Effective Interest Rate on Debt % Explanation

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

Intellinetics Effective Interest Rate on Debt % Related Terms

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Intellinetics (Intellinetics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Intellinetics Inc (AMEX:INLX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2190 Dividend Drive, Columbus, OH, USA, 43228

Website

https://www.intellinetics.com

Intellinetics Inc is a document service and solutions software company serving both the small-to-medium business and governmental sectors. The company's digital transformation products and services are provided through two reporting segments: Document Management and Document Conversion. The Document Management segment consists primarily of solutions involving software platforms, which allow customers to capture and manage all documents across operations such as scanned hard-copy documents and all digital documents including those from Microsoft Office 365, digital images, audio, video, and emails. The company's Document Conversion offerings aid clients as a part of their overall document strategy to convert documents from one medium to another.

Executives

Paul Seid	director	22 WOODHAVEN DRIVE, NEW CITY NY 10956
Robert Taglich	10 percent owner	700 NEW YORK AVENUE, HUNTINGTON NY 11743
John C Guttilla	director	C/O ORCHIDS PAPER PRODUCTS COMPANY, 4826 HUNT STREET, PRYOR OK 74361
Michael N Taglich	10 percent owner	TAGLICH BROTHERS INC, 1370 AVENUE OF THE AMERICAS --31ST FLOOR, NEW YORK NY 6317254791
William Cooke	director	800 STANDARD PARKWAY, AUBURN HILLS MI 48326
Robert C Schroeder	director	37 MAIN STREET, COLD SPRING HARBOR, NEW YORK NY 11724
James F Desocio	director, officer: Chief Executive Officer	380 ST PETER STREET, ST PAUL MN 55102
Joseph D Spain	officer: Chief Financial Officer	2190 DIVIDEND DR., COLUMBUS OH 43228
Roger E. Kahn	director	C/O BRIDGELINE DIGITAL, INC., 80 BLANCHARD ROAD, BURLINGTON MA 01803
Sophie Pibouin	director	4 SAINT JODE COURT, NORTHPORT NY 11768
Murray H Gross	director	2951 KINWEST PARKWAY, IRVING TX 75063
Thomas D Moss	director	2190 DIVIDEND DRIVE, COLUMBUS OH 43228
Matthew L Chretien	director, 10 percent owner, officer: President and CEO	2190 DIVIDEND DRIVE, COLUMBUS OH 43228
A Michael Chretien	director, 10 percent owner, officer: Secretary and Chairman	2190 DIVIDEND DRIVE, COLUMBUS OH 43228
Ramon M Shealy	other: Former Director*	2190 DIVIDEND DRIVE, COLUMBUS OH 43228