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Ironstone Group (Ironstone Group) Effective Interest Rate on Debt % : 24.85% (As of Dec. 2022)


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What is Ironstone Group 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. Ironstone Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was $0.72 Mil. Ironstone Group's average total debt for the quarter that ended in Dec. 2022 was $2.91 Mil. Therefore, Ironstone Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 24.85%.


Ironstone Group Effective Interest Rate on Debt % Historical Data

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

Ironstone Group Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.06 8.06 11.64 9.51 10.65

Ironstone Group Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.28 9.13 9.49 9.91 24.85

Competitive Comparison of Ironstone Group's Effective Interest Rate on Debt %

For the Conglomerates subindustry, Ironstone Group'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.


Ironstone Group's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Ironstone Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



Ironstone Group Effective Interest Rate on Debt % Calculation

Ironstone Group'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  *  -0.334/( (3.303+2.968)/ 2 )
=-1  *  -0.334/3.1355
=10.65 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.954 + 0.349
=3.303

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.619 + 0.349
=2.968

Ironstone Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2022 )+Total Debt  (Q: Dec. 2022 ))/ count )
=-1  *  -0.724/( (2.858+2.968)/ 2 )
=-1  *  -0.724/2.913
=24.85 %

where

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.509 + 0.349
=2.858

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.619 + 0.349
=2.968

* 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.

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 (Dec. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Ironstone Group  (OTCPK:IRNS) Effective Interest Rate on Debt % Explanation

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


Ironstone Group Effective Interest Rate on Debt % Related Terms

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Ironstone Group (Ironstone Group) Business Description

Industry
Traded in Other Exchanges
N/A
Address
909 Montgomery Street, 3rd Floor, San Francisco, CA, USA, 94133
Ironstone Group Inc is engaged in funding and growing disruptive businesses.
Executives
Harold S Bradley director 11613 PAWNEE LANE, LEAWOOD KS 66211
Eugene Yates officer: CFO 8 NAVAJO CT, ALAMO CA 94507
Thomas Thurston director 909 MONTGOMERY STREET, 3RD FLOOR, SAN FRANCISCO CA 94133
Elizabeth Boyer Hambrecht officer: CFO 1356 GREENWICH STREET, SAN FRANCISCO CA 94109
William R Hambrecht director, 10 percent owner C/O ADOBE SUSTEMS INC, 345 PARK AVENUE P O BOX 2704, SAN JOSE CA 95110-2704
Hambrecht 1980 Revocable Trust 10 percent owner
Venture Associates Bvi Ltd 10 percent owner ONE BUSH ST, SAN FRANCISCO CA 94104
Amquist 10 percent owner ONE BUSH ST, SAN FRANCISCO CA 94104
H&q Ventures Iv 10 percent owner ONE BUSH STREET, SAN FRANCISCO CA 94104
Hambrecht & Quist California 10 percent owner ONE BUSH ST, SAN FRANCISCO CA 94104
J P Morgan Securities Inc 10 percent owner
Hambrecht & Quist Venture Partners 10 percent owner ONE BUSH STREET, SAN FRANCISCO CA 94104
Nicholas J Giordano director, officer: CEO/CFO 539 BRYANT ST, SUITE 100, SAN FRANCISCO CA 94107

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