SPTY (Specificity) Effective Interest Rate on Debt % : 17.40% (As of Dec. 2023)

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What is Specificity 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. Specificity's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.23 Mil. Specificity's average total debt for the quarter that ended in Dec. 2023 was $1.33 Mil. Therefore, Specificity's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 17.40%.

Specificity Effective Interest Rate on Debt % Historical Data

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

Specificity Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

9.71

4.94

13.70

Specificity Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							10.52	6.47	22.72	5.41	17.40

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

For the Advertising Agencies subindustry, Specificity'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.

Specificity's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Specificity's Effective Interest Rate on Debt % distribution charts can be found below:

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

Specificity Effective Interest Rate on Debt % Calculation

Specificity'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 * -0.165	/	( (1.065	+	1.344)	/ 2 )
=	-1 * -0.165	/	1.2045
=	13.70 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.021	+	0.044
=	1.065

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1	+	0.344
=	1.344

Specificity'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 * -0.232	/	( (1.323	+	1.344)	/ 2 )
=	-1 * -0.232	/	1.3335
=	17.40 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1	+	0.323
=	1.323

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1	+	0.344
=	1.344

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.

Specificity (OTCPK:SPTY) Effective Interest Rate on Debt % Explanation

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

Specificity Effective Interest Rate on Debt % Related Terms

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Specificity Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Specificity Inc (OTCPK:SPTY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

410 Ware Boulevard, Suite 508, Tampa, FL, USA, 33619

Website

https://www.specificityinc.com

Specificity Inc is a full-service digital marketing firm that delivers cutting-edge marketing solutions to business to business clients as well as business to consumer clients. The company offers host of marketing services including Email Marketing, Automated Marketing, Retargeting Marketing ,Content Marketing, Social Media Content Creation, Digital Production Marketing, Creating Brand Standard, Logo Creation It builds digital marketing campaigns for all sorts of businesses, small to large, all over the country.

Executives

Jason Allen Wood	director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER	14213 SUNDIAL PL, LAKEWOOD RANCH FL 34202-5894
Kevin Frisbie	director	PO BOX 714, LEWISTON ME 04243
William Mark Anderson	director, officer: CHIEF OPERATING OFFICER	2215 E 4TH AVE, TAMPA FL 33605-5409