SendGrid (SendGrid) Effective Interest Rate on Debt % : 2.78% (As of Sep. 2018)

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What is SendGrid 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. SendGrid's annualized positive value of Interest Expense for the quarter that ended in Sep. 2018 was $0.5 Mil. SendGrid's average total debt for the quarter that ended in Sep. 2018 was $19.6 Mil. Therefore, SendGrid's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 was 2.78%.

SendGrid Effective Interest Rate on Debt % Historical Data

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

SendGrid Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Effective Interest Rate on Debt %

2.25

2.17

1.31

SendGrid Quarterly Data
	Dec14	Dec15	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						0.72	1.99	1.11	1.32	2.78

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

For the Software - Infrastructure subindustry, SendGrid'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.

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

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

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

SendGrid Effective Interest Rate on Debt % Calculation

SendGrid's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2016 )	+	Total Debt (A: Dec. 2017 ))	/ count )
=	-1 * -0.182	/	( (10.65	+	17.205)	/ 2 )
=	-1 * -0.182	/	13.9275
=	1.31 %

where

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.628	+	5.022
=	10.65

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.095	+	6.11
=	17.205

SendGrid's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2018 )	+	Total Debt (Q: Sep. 2018 ))	/ count )
=	-1 * -0.544	/	( (16.7	+	22.409)	/ 2 )
=	-1 * -0.544	/	19.5545
=	2.78 %

where

	Total Debt (Q: Jun. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.492	+	6.208
=	16.7

	Total Debt (Q: Sep. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.007	+	8.402
=	22.409

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. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

SendGrid (NYSE:SEND) Effective Interest Rate on Debt % Explanation

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

SendGrid Effective Interest Rate on Debt % Related Terms

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SendGrid (SendGrid) Business Description

Industry

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Address

Website

https://www.sendgrid.com

SendGrid Inc is a US-based digital communication platform which enables businesses to engage with their customers via email reliably, effectively and at scale. It develops the cloud-based platform which allows for frictionless adoption and immediate value creation for businesses. The company offers various services such as Email API; Marketing Campaigns; and Expert Services. The Email API service enables businesses to send off emails and incorporates proprietary technology and domain expertise to significantly improve deliverability rates. The Marketing Campaigns service allows marketers to upload and manage customer contact lists, create and test email templates, and executing multi-faceted email campaigns. Most of the company's revenue comes from the US.

Executives

Sri Viswanath	director	600 WEST CHICAGO AVENUE, SUITE 400, CHICAGO IL 60654
Sameer Dholakia	director, officer: President and CEO	C/O SENDGRID, INC., 1801 CALIFORNIA STREET, SUITE 500, DENVER CO 80202
Anne Raimondi	director	C/O ASANA, INC., 633 FOLSOM STREET, SUITE 100, SAN FRANCISCO CA 94107
Deer Viii & Co. Ltd.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538
Deer Viii & Co. L.p.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, LARCHMONT NY 10538
Bessemer Venture Partners Viii Institutional L.p.	10 percent owner	1865 PALMER AVENUE, LARCHMONT NY 01538
Bessemer Venture Partners Viii L.p.	10 percent owner	1865 PALMER AVENUE, LARCHMONT NY 01538
Ajay Agarwal	director	C/O BAIN CAPITAL VENTURE INVESTORS, LLC, 200 CLARENDON STREET, BOSTON MA 02116
Yancey L. Spruill	officer: CFO, COO and Treasurer	1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Hilary Schneider	director	C/O LIFELOCK, INC., 60 EAST RIO SALADO PARKWAY, SUITE 400, TEMPE AZ 85281
Byron B Deeter	director	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE SUITE 104, LARCHMONT NY 10538
Bradley A Feld	10 percent owner	C/O FOUNDRY GROUP, 645 WALNUT ST., BOULDER CO 80302
Ryan A Mcintyre	10 percent owner
Jason A Mendelson	10 percent owner	C/O FOUNDRY GROUP, 1050 WALNUT STREET, SUITE 210, BOULDER CO 80302
Foundry Select Fund Gp, Llc	10 percent owner	1050 WALNUT STREET, SUITE 210, BOULDER CO 80302