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NextNav (NextNav) Effective Interest Rate on Debt % : 12.53% (As of Dec. 2023)


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What is NextNav 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. NextNav's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $8.20 Mil. NextNav's average total debt for the quarter that ended in Dec. 2023 was $65.45 Mil. Therefore, NextNav's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.53%.


NextNav Effective Interest Rate on Debt % Historical Data

The historical data trend for NextNav'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.

NextNav Effective Interest Rate on Debt % Chart

NextNav Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
17.05 30.31 - 9.91

NextNav Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - 4.52 12.07 12.53

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

For the Software - Infrastructure subindustry, NextNav'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.


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

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

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



NextNav Effective Interest Rate on Debt % Calculation

NextNav'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  *  -3.664/( (7.822+66.115)/ 2 )
=-1  *  -3.664/36.9685
=9.91 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.29 + 2.532
=7.822

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=63.592 + 2.523
=66.115

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -8.2/( (64.777+66.115)/ 2 )
=-1  *  -8.2/65.446
=12.53 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=62.143 + 2.634
=64.777

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=63.592 + 2.523
=66.115

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


NextNav  (NAS:NN) Effective Interest Rate on Debt % Explanation

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


NextNav Effective Interest Rate on Debt % Related Terms

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NextNav (NextNav) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » NextNav Inc (NAS:NN) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
1775 Tysons Boulevard, 5th Floor, McLean, VA, USA, 22102
NextNav Inc provides GPS service. The company NextNav TerraPoiNT system keeps critical infrastructure resilient with reliable Position, Navigation and Timing services in the absence of GPS.
Executives
David L. Knutson officer: SVP, Operations & Deployment 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Sammaad Shams officer: Corporate Controller 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Ganesh Pattabiraman director, officer: CEO, President & Director 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Arun Raghupathy officer: SVP, Engineering 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Robert Lantz officer: General Counsel C/O NEXTNAV INC., 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Bandel L Carano director 525 UNIVERSITY AVENUE, SUITE 1300, PALO ALTO CA 94301
Gary Parsons director 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Alan B Howe director 1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081
Peter D Aquino director MOTIENT CORP, 300 KNIGHTBRIDGE PARKWAY, LINCOLNSHIRE IL 60069
Neil S Subin director 2336 S.E. OCEAN BOULEVARD, #400, STUART FL 34996
Christian D. Gates officer: Chief Financial Officer 1775 TYSONS BLVD., 5TH FLOOR, MCLEAN VA 22102
Wocap Global Opportunity Investment Partners, L.p. 10 percent owner 2802 TIMMONS LANE, #27440, HOUSTON TX 77227
Roderick M. Forrest 10 percent owner VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10
Edward Neil Halliday 10 percent owner VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10
Tivin Turchiaro 10 percent owner VICTORIA PLACE, 31 VICTORIA STREET, HAMILTON D0 HM 10