GitLab (STU:8K2) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2025)

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What is GitLab 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. GitLab's annualized positive value of Interest Expense for the quarter that ended in Jan. 2025 was €0.0 Mil. GitLab's average total debt for the quarter that ended in Jan. 2025 was €0.3 Mil. Therefore, GitLab's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 was 0.00%.

GitLab Effective Interest Rate on Debt % Historical Data

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

GitLab Annual Data

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Effective Interest Rate on Debt %

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GitLab Quarterly Data
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Competitive Comparison of GitLab's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, GitLab'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.

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

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

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

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GitLab Effective Interest Rate on Debt % Calculation

GitLab's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2024 )	+	Total Debt (A: Jan. 2025 ))	/ count )
=	-1 * 0	/	( (0.376	+	0.379)	/ 2 )
=	-1 * 0	/	0.3775
=	0.00 %

where

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.376
=	0.376

	Total Debt (A: Jan. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.113	+	0.266
=	0.379

GitLab's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2024 )	+	Total Debt (Q: Jan. 2025 ))	/ count )
=	-1 * 0	/	( (0.235	+	0.379)	/ 2 )
=	-1 * 0	/	0.307
=	0.00 %

where

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.235
=	0.235

	Total Debt (Q: Jan. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.113	+	0.266
=	0.379

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 (Jan. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

GitLab (STU:8K2) Effective Interest Rate on Debt % Explanation

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

GitLab Effective Interest Rate on Debt % Related Terms

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Website

https://www.about.gitlab.com

GitLab Inc operates on an all-remote model. GitLab, a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab's offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, and Asia Pacific. It focused on accelerating innovation and broadening the distribution of its platform to companies across the world.

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