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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. Remitly Global's annualized positive value of Interest Expense for the quarter that ended in Jun. 2026 was MXN220 Mil. Remitly Global's average total debt for the quarter that ended in Jun. 2026 was MXN688 Mil. Therefore, Remitly Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2026 was 31.97%.
Remitly Global (MEX:RELY) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Remitly Global Effective Interest Rate on Debt % Related Terms
Remitly Global Effective Interest Rate on Debt % Historical Data
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The historical data trend for Remitly Global'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.
Remitly Global Effective Interest Rate on Debt % Chart
MEX:RELY vs ZETA, NTSK, QLYS: Effective Interest Rate on Debt % Comparison
For the Software - Infrastructure subindustry, Remitly Global'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.
Remitly Global Effective Interest Rate on Debt % vs Software Industry
For the Software industry and Technology sector, Remitly Global's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Remitly Global's Effective Interest Rate on Debt % falls into.
* 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 (Jun. 2026) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
What does a Effective Interest Rate on Debt % of 31.97% mean?
Remitly Global (MEX:RELY) has a Effective Interest Rate on Debt % of 31.97% as of Jun. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Remitly Global and its competitors.
Is Remitly Global's Effective Interest Rate on Debt % too high?
Remitly Global's current Effective Interest Rate on Debt % is 31.97%. Overall, Remitly Global has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Remitly Global's Effective Interest Rate on Debt % compare to ZETA and NTSK?
Remitly Global's Effective Interest Rate on Debt % of 31.97% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Software company?
A good Effective Interest Rate on Debt % depends on the Software industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Remitly Global and its competitors. Remitly Global's current Effective Interest Rate on Debt % is 31.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Remitly Global stock overvalued right now?
Based on GuruFocus' analysis, Remitly Global (MEX:RELY) is currently considered Fairly Valued. The stock's GF Value™ is MXN388.38, compared to a current price of MXN420.00 — trading 8.1% above its estimated fair value. The current Effective Interest Rate on Debt % is 31.97%. Remitly Global's overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Remitly Global (MEX:RELY), the current Effective Interest Rate on Debt % is 31.97% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Remitly Global (MEX:RELY) Overvalued in 2026?
Based on GuruFocus' analysis, Remitly Global stock appears to be overvalued.
The current stock price of MXN420.00 is trading 8.1% above its estimated GF Value™ of MXN388.38.
GuruFocus considers Remitly Global to be Fairly Valued.
Key valuation signals for MEX:RELY:
Effective Interest Rate on Debt %: 31.97%
GF Value™: MXN388.38 vs. price of MXN420.00 (8.1% above fair value)
No single metric tells the full story. See the MEX:RELY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated from transaction fees charged to customers, and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
62GF Score
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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