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QMCO (Quantum) Effective Interest Rate on Debt % : 19.42% (As of Dec. 2024)


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What is Quantum 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. Quantum's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $27.4 Mil. Quantum's average total debt for the quarter that ended in Dec. 2024 was $140.9 Mil. Therefore, Quantum's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 19.42%.


Quantum Effective Interest Rate on Debt % Historical Data

The historical data trend for Quantum'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.

Quantum Effective Interest Rate on Debt % Chart

Quantum Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.24 20.71 10.62 9.48 13.74

Quantum Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.20 13.41 12.88 19.56 19.42

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

For the Computer Hardware subindustry, Quantum'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.


Quantum's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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


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Quantum Effective Interest Rate on Debt % Calculation

Quantum's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2023 )+Total Debt  (A: Mar. 2024 ))/ count )
=-1  *  -15.089/( (99.637+119.977)/ 2 )
=-1  *  -15.089/109.807
=13.74 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=93.273 + 6.364
=99.637

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.621 + 110.356
=119.977

Quantum's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -27.36/( (135.366+146.403)/ 2 )
=-1  *  -27.36/140.8845
=19.42 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=132.412 + 2.954
=135.366

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.067 + 137.336
=146.403

* 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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Quantum  (NAS:QMCO) Effective Interest Rate on Debt % Explanation

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


Quantum Effective Interest Rate on Debt % Related Terms

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Quantum Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quantum Corp (NAS:QMCO) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
224 Airport Parkway, Suite 550, San Jose, CA, USA, 95110
Quantum Corp is a United States-based company that delivers end-to-end data management solutions designed for unstructured data. The company provides solutions for the entire data lifecycle. The company specialize in solutions for video, images, audio, and other large files. The company's portfolio of products includes primary storage software and systems, secondary storage software and systems, as well as devices and media. The company's Primary Storage Software and Systems include Myriad All-Flash Software-Defined Storage, StorNext Hybrid Flash/Disk File Storage Software, and Unified Surveillance Platform Software. Secondary Storage Software and Systems include ActiveScale Object Storage Software and DXi Backup Appliances. The firm derives the majority of its revenue from United States.
Executives
Pacific Investment Management Co Llc 10 percent owner 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Laura A. Nash officer: Chief Accounting Officer C/O QUANTUM CORPORATION, 224 AIRPORT PARKWAY, SUITE 550, SAN JOSE CA 95110
Kenneth P. Gianella officer: Chief Financial Officer C/O SILVER SPRING NETWORKS, INC., 230 W. TASMAN DRIVE, SAN JOSE CA 95134
Brian E Cabrera officer: Chief Legal & Ofcr; Corp Secy CALLIDUS SOFTWARE INC., 160 W. SANTA CLARA STREET, SUITE 1500, SAN JOSE CA 95113
James J Lerner director, officer: Pres. & CEO, Chairman of Board C/O SEAGATE TECHNOLOGY PLC, 10200 S. DEANZA BLVD., CUPERTINO CA 95014
John Hurley officer: Chief Revenue Officer 224 AIRPORT PARKWAY, SUITE 550, SAN JOSE CA 95110
Hugues Meyrath director 1745 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Don Jaworksi director 224 AIRPORT PARKWAY SUITE 550, C/O QUANTUM CORPORATION, SAN JOSE CA 95110
Lewis W. Moorehead officer: Chief Accounting Officer 1 BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142
J Michael Dodson officer: Senior Vice President, CFO 1220 N. SIMON CIRCLE, ANAHEIM CA 92806
Christopher D. Neumeyer director 224 AIRPORT PARKWAY SUITE 550, SAN JOSE CA 95110
Yue Zhou White director C/O QUANTUM CORPORATION, 224 AIRPORT PARKWAY, SUITE 550, SAN JOSE CA 95110
Marc E Rothman director 1303 E ALGONQUIN ROAD, SCHAUMBURG X1 60196
Raghavendra Rau director C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134
John Fichthorn director C/O DIALECTIC CAPITAL MANAGEMENT, LLC, 17 STATE STREET, SUITE 3930, NEW YORK NY 10004