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Volato Group (Volato Group) Effective Interest Rate on Debt % : 13.81% (As of Mar. 2024)


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What is Volato Group 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. Volato Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $4.55 Mil. Volato Group's average total debt for the quarter that ended in Mar. 2024 was $32.97 Mil. Therefore, Volato Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.81%.

Volato Group Effective Interest Rate on Debt % Historical Data

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

Volato Group Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
0.97 4.84 11.29

Volato Group Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial 12.00 5.82 9.24 - 13.81

Competitive Comparison of Volato Group's Effective Interest Rate on Debt %

For the Airports & Air Services subindustry, Volato Group'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.

Volato Group's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Volato Group's Effective Interest Rate on Debt % distribution charts can be found below:

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


Volato Group Effective Interest Rate on Debt % Calculation

Volato Group'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  *  -3.358/( (29.795+29.685)/ 2 )
=-1  *  -3.358/29.74
=11.29 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.461 + 24.334
=29.795

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.019 + 20.666
=29.685

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -4.552/( (29.685+36.246)/ 2 )
=-1  *  -4.552/32.9655
=13.81 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.019 + 20.666
=29.685

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.901 + 21.345
=36.246

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

Volato Group  (AMEX:SOAR.WS) Effective Interest Rate on Debt % Explanation

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

Volato Group Effective Interest Rate on Debt % Related Terms

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Volato Group (Volato Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (AMEX:SOAR.WS) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
SOAR:USA
Address
1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341
Website
https://www.flyvolato.com
Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. The Volato aircraft ownership program consists of facilitating the formation of limited liability companies owned by third-party members. Subsequently, the Company sells an aircraft to each limited liability company.

Volato Group (Volato Group) Headlines

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