STTTF (Splitit Payments) Effective Interest Rate on Debt %: 12.86% (As of Jun. 2023)


STTTF Splitit Payments Ltd STTTF
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What is Splitit Payments Effective Interest Rate on Debt %?

Splitit Payments STTTF 12 Effective Interest Rate on Debt % is 12.86% as of Jun. 2023. GuruFocus rates STTTF with a GF Score™ of 12/100.

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. Splitit Payments's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $8.37 Mil. Splitit Payments's average total debt for the quarter that ended in Jun. 2023 was $65.09 Mil. Therefore, Splitit Payments's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 12.86%.

Splitit Payments  (OTCPK:STTTF) Effective Interest Rate on Debt % Explanation

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

Splitit Payments Effective Interest Rate on Debt % Related Terms

Splitit Payments Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Splitit Payments'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.

Splitit Payments Effective Interest Rate on Debt % Chart

Splitit Payments Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
117.25 15.48 15.74 11.40

Splitit Payments Semi-Annual Data
Jun18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.98 16.09 12.07 11.81 12.86

STTTF vs MSFT, ORCL, ADBE: Effective Interest Rate on Debt % Comparison

For the Software - Infrastructure subindustry, Splitit Payments'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.

Splitit Payments Effective Interest Rate on Debt % vs Software Industry

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

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


STTTF
12GF Score
Splitit Payments Ltd STTTF
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Splitit Payments Effective Interest Rate on Debt % Calculation

Splitit Payments's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -7.789/( (64.256+72.378)/ 2 )
=-1  *  -7.789/68.317
=11.40 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64.256 + 0
=64.256

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=72.096 + 0.282
=72.378

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -8.368/( (72.378+57.8)/ 2 )
=-1  *  -8.368/65.089
=12.86 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=72.096 + 0.282
=72.378

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=57.512 + 0.288
=57.8

* 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 two times the semi-annual (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 12.86% mean?
Splitit Payments (STTTF) has a Effective Interest Rate on Debt % of 12.86% as of Jun. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Splitit Payments and its competitors.
Is Splitit Payments' Effective Interest Rate on Debt % too high?
Splitit Payments' current Effective Interest Rate on Debt % is 12.86%. Overall, Splitit Payments has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Splitit Payments' Effective Interest Rate on Debt % compare to MSFT and ORCL?
Splitit Payments' Effective Interest Rate on Debt % of 12.86% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Software company?
A good Effective Interest Rate on Debt % depends on the Software industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Splitit Payments and its competitors. Splitit Payments's current Effective Interest Rate on Debt % is 12.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Splitit Payments stock overvalued right now?
Splitit Payments (STTTF) has a current Effective Interest Rate on Debt % of 12.86%. The current Effective Interest Rate on Debt % is 12.86%. Splitit Payments' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Splitit Payments (STTTF), the current Effective Interest Rate on Debt % is 12.86% as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Splitit Payments Business Description

Address 32 HaArba\'a Street, Tel Aviv, ISR, 6473970
Splitit Payments Ltd is a cross-border payment solution enabling customers to pay for purchases with an existing debit or credit card by splitting the purchase into fee and interest-free monthly installments, without the need for registration, application, or approval. Splitit operates in three geographical regions: North America, the United Kingdom & Europe, and Australia.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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