Coinbase Global (STU:1QZ) Effective Interest Rate on Debt % : 2.43% (As of Dec. 2023)

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What is Coinbase Global 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. Coinbase Global's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €69 Mil. Coinbase Global's average total debt for the quarter that ended in Dec. 2023 was €2,823 Mil. Therefore, Coinbase Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.43%.

Coinbase Global Effective Interest Rate on Debt % Historical Data

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

Coinbase Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

1.61

2.62

2.51

Coinbase Global Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												2.40	2.48	2.54	2.60	2.43

Competitive Comparison of Coinbase Global's Effective Interest Rate on Debt %

For the Financial Data & Stock Exchanges subindustry, Coinbase Global'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.

Coinbase Global's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Coinbase Global's Effective Interest Rate on Debt % distribution charts can be found below:

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

Coinbase Global Effective Interest Rate on Debt % Calculation

Coinbase Global'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 * -75.896	/	( (3294.319	+	2746.121)	/ 2 )
=	-1 * -75.896	/	3020.22
=	2.51 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3243.104	+	51.215
=	3294.319

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2736.124	+	9.997
=	2746.121

Coinbase Global'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 * -68.728	/	( (2899.363	+	2746.121)	/ 2 )
=	-1 * -68.728	/	2822.742
=	2.43 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2888.105	+	11.258
=	2899.363

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2736.124	+	9.997
=	2746.121

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.

Coinbase Global (STU:1QZ) Effective Interest Rate on Debt % Explanation

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

Coinbase Global Effective Interest Rate on Debt % Related Terms

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Coinbase Global (STU:1QZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Coinbase Global Inc (STU:1QZ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

COIN:USA COIN:Mexico 1QZ:Germany C2OI34:Brazil COIN:Austria

Address

c/o The Corporation Trust Company, 1209 Orange Street, Wilmington, DE, USA, 19801

Website

https://www.coinbase.com

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

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