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LDWY (Lendway) Effective Interest Rate on Debt % : 5.29% (As of Dec. 2024)


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What is Lendway 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. Lendway's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $3.92 Mil. Lendway's average total debt for the quarter that ended in Dec. 2024 was $74.14 Mil. Therefore, Lendway's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 5.29%.


Lendway Effective Interest Rate on Debt % Historical Data

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

Lendway Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.64 5.56 - - 7.86

Lendway Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 - 2.51 5.63 4.63 5.29

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

For the Advertising Agencies subindustry, Lendway'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.


Lendway's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Lendway's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Lendway Effective Interest Rate on Debt % Calculation

Lendway's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2023 )+Total Debt  (A: Dec. 2024 ))/ count )
=-1  *  -2.969/( (0.007+75.546)/ 2 )
=-1  *  -2.969/37.7765
=7.86 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.003 + 0.004
=0.007

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=72.637 + 2.909
=75.546

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -3.92/( (72.734+75.546)/ 2 )
=-1  *  -3.92/74.14
=5.29 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=69.393 + 3.341
=72.734

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=72.637 + 2.909
=75.546

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


Lendway  (NAS:LDWY) Effective Interest Rate on Debt % Explanation

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


Lendway Effective Interest Rate on Debt % Related Terms

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Lendway Business Description

Traded in Other Exchanges
N/A
Address
5000 West 36th Street, Suite 220, Minneapolis, MN, USA, 55416
Lendway Inc is a specialty agricultural and finance company focused on making and managing its ag investments in the United States and internationally. The company operates in two industries: Specialty Ag, consisting of the Bloomia business, and Non-bank Lending, consisting of the Lending Business.
Executives
Daniel C. Philp director 212 THIRD AVE N, STE 356, MINNEAPOLIS MN 55401
Mark Jundt director 212 THIRD AVE N, STE 356, MINNEAPOLIS MN 55401
Mary Herfurth director 212 THIRD AVENUE NORTH, STE. 356, MINNEAPOLIS MN 55401
Matthew Kelly director 212 THIRD AVENUE NORTH, SUITE 356, MINNEAPOLIS MN 55401
Nicholas John Swenson director, 10 percent owner 5000 WEST 36TH STREET, SUITE 130, MINNEAPOLIS MN 55416
Randy D. Uglem officer: Sr Vice President of Lending 212 THIRD AVE N, STE 356, MINNEAPOLIS MN 55401
Zackery Weber officer: Sr Dir Fin Plng-Interim PAO 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445
Air T Inc 10 percent owner 11020 DAVID TAYLOR DRIVE, SUITE 305, CHARLOTTE NC 28262
Funicular Fund, Lp 10 percent owner 2261 MARKET STREET, #4307, SAN FRANCISCO CA 94114
Chad Bruce Johnson director 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445
Cable Car Capital Llc 10 percent owner 2261 MARKET STREET #4307, SAN FRANCISCO CA 94114
Adam D May officer: CHIEF GROWTH OFFICER 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445
Loren A Unterseher director 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445
Kristine A Glancy officer: Chief Executive Officer 8799 BROOKLYN BLVD., MINNEAPOLIS MN 55445
Suzanne L Clarridge director 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445