Mimecast (Mimecast) Effective Interest Rate on Debt % : 0.89% (As of Dec. 2021)

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What is Mimecast 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. Mimecast's annualized positive value of Interest Expense for the quarter that ended in Dec. 2021 was $1.9 Mil. Mimecast's average total debt for the quarter that ended in Dec. 2021 was $209.7 Mil. Therefore, Mimecast's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 was 0.89%.

Mimecast Effective Interest Rate on Debt % Historical Data

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

Mimecast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Effective Interest Rate on Debt %

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5.89

1.59

5.62

2.45

1.17

Mimecast Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.89	0.87	0.87	0.94	0.89

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

For the Software - Infrastructure subindustry, Mimecast'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.

Mimecast's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Mimecast's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mimecast Effective Interest Rate on Debt % Calculation

Mimecast's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2020 )	+	Total Debt (A: Mar. 2021 ))	/ count )
=	-1 * -2.804	/	( (229.912	+	249.847)	/ 2 )
=	-1 * -2.804	/	239.8795
=	1.17 %

where

	Total Debt (A: Mar. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	191.902	+	38.01
=	229.912

	Total Debt (A: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	206.987	+	42.86
=	249.847

Mimecast's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2021 )	+	Total Debt (Q: Dec. 2021 ))	/ count )
=	-1 * -1.86	/	( (210.73	+	208.706)	/ 2 )
=	-1 * -1.86	/	209.718
=	0.89 %

where

	Total Debt (Q: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	171.047	+	39.683
=	210.73

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	168.836	+	39.87
=	208.706

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Mimecast (NAS:MIME) Effective Interest Rate on Debt % Explanation

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

Mimecast Effective Interest Rate on Debt % Related Terms

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Mimecast (Mimecast) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mimecast Ltd (NAS:MIME) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

1 Finsbury Avenue, London, GBR, EC2M 2PF

Website

https://www.mimecast.com

Mimecast Ltd is a provider of next generation cloud security and risk management services for email and corporate information. Its integrated suite of proprietary cloud services protects customers of all sizes from the business and data security risks they are exposed to through their email and other corporate systems. Its Email Security 3.0 and Cyber Resilience Extension offerings are designed to protect customers from rapidly changing security environment. Its Email Security 3.0 strategy addresses threats in three distinct zones: at the email perimeter (Zone 1); inside the network and the organization (Zone 2); and beyond the perimeter (Zone 3). Additionally, its Cyber Resilience Extensions expand resilience to other critical elements of an organization's digital infrastructure.

Executives

Karen M. Anderson	officer: Chief Human Resources Officer	C/O MIMECAST LTD., 191 SPRING STREET, LEXINGTON MA 02421
Potier Helene Auriol	director	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Bernd Leger	officer: Chief Marketing Officer	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
David Raissipour	officer: Chief Tech. & Product Officer	C/O CARBONITE, INC. 2 AVENUE DE LAFAYETTE BOSTON MA 02111
Heather Bentley	officer: SVP, Customer Success & Supp.	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Neil Murray	director	CITYPOINT ONE ROPEMAKER STREET MOORGATE, LONDON X0 EC2Y9AW
Rafeal E. Brown	officer: Chief Financial Officer	1 ROGERS STREET, CAMBRIDGE MA 02142
Robert P Nault	officer: Sr. Vice President and GC	C/O MIMECAST LIMITED, MIMECAST NA, INC. 191 SPRING STREET LEXINGTON MA 02421
Peter Bauer	director, officer: Chief Executive Officer	CITYPOINT, ONE ROPEMAKER STREET MOORGATE, LONDON X0 EC2Y 9AW
Michael Paisley	officer: Chief Security & Res. Officer	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Alpna J. Doshi	director	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Stephen M Ward	director	C/O MIMECAST LIMITED, MIMECAST NA, INC. 191 SPRING STREET LEXINGTON MA 02421
Shahriar Rafimayeri	officer: Chief Information Officer	C/O MIMECAST LIMITED 191 SPRING STREET LEXINGTON MA 02421
Christopher Fitzgerald	director	C/O MIMECAST LTD, MIMECAST NA INC. 191 SPRING STREET LEXINGTON MA 02421
Hagi Schwartz	director	C/O MIMECAST LIMITED, MIMECAST NA, INC., 191 SPRING STREET, LEXINGTON MA 02421