Sonder Holdings (MEX:SOND) Effective Interest Rate on Debt % : 1.52% (As of Sep. 2023)

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What is Sonder Holdings 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. Sonder Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was MXN448 Mil. Sonder Holdings's average total debt for the quarter that ended in Sep. 2023 was MXN29,467 Mil. Therefore, Sonder Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 1.52%.

Sonder Holdings Effective Interest Rate on Debt % Historical Data

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

Sonder Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

4.72

19.75

35.37

2.50

Sonder Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									1.19	1.31	1.46	1.53	1.52

Competitive Comparison of Sonder Holdings's Effective Interest Rate on Debt %

For the Lodging subindustry, Sonder Holdings'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.

Sonder Holdings's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sonder Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Sonder Holdings Effective Interest Rate on Debt % Calculation

Sonder Holdings'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 * -419.261	/	( (4276.923	+	29201.772)	/ 2 )
=	-1 * -419.261	/	16739.3475
=	2.50 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	220.238	+	4056.685
=	4276.923

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26114.658	+	3087.114
=	29201.772

Sonder Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -447.528	/	( (27937.323	+	30995.812)	/ 2 )
=	-1 * -447.528	/	29466.5675
=	1.52 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24791.64	+	3145.683
=	27937.323

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27506.023	+	3489.789
=	30995.812

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Sonder Holdings (MEX:SOND) Effective Interest Rate on Debt % Explanation

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

Sonder Holdings Effective Interest Rate on Debt % Related Terms

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Sonder Holdings (MEX:SOND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sonder Holdings Inc (MEX:SOND) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SOND:USA

Address

101 15th Street, San Francisco, CA, USA, 94103

Website

https://www.sonder.com

Sonder Holdings Inc is engaged in providing short and long-term accommodations to travelers in various cities across North America, Europe, and the Middle East. The Sonder units in each apartment-style building and each hotel property are selected, designed, and managed directly by the Company. The Company generates revenues by providing short-term or month-to-month accommodations to its guests.