Bit Digital (Bit Digital) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Bit Digital 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. Bit Digital's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Bit Digital's average total debt for the quarter that ended in Mar. 2024 was $5.99 Mil. Therefore, Bit Digital's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Bit Digital Effective Interest Rate on Debt % Historical Data

The historical data trend for Bit Digital'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.

* Premium members only.

Bit Digital Effective Interest Rate on Debt % Chart

Bit Digital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

Bit Digital 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															-	-	-	-	-

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

For the Capital Markets subindustry, Bit Digital'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.

Bit Digital's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bit Digital's Effective Interest Rate on Debt % distribution charts can be found below:

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

Bit Digital Effective Interest Rate on Debt % Calculation

Bit Digital'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	/	( (0	+	6.216)	/ 1 )
=	-1 * 0	/	6.216
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.351	+	1.865
=	6.216

Bit Digital'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	/	( (6.216	+	5.755)	/ 2 )
=	-1 * 0	/	5.9855
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.351	+	1.865
=	6.216

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.8	+	1.955
=	5.755

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.

Bit Digital (NAS:BTBT) Effective Interest Rate on Debt % Explanation

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

Bit Digital Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Bit Digital's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Bit Digital (Bit Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Digital Inc (NAS:BTBT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

BTBT:Mexico

Address

33 Irving Place, New York, NY, USA, 10003

Website

https://www.bit-digital.com

Bit Digital Inc is engaged in the Bitcoin mining business. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. It generates revenue from cryptocurrency mining.