CryoPort (STU:CKX) Effective Interest Rate on Debt % : 1.29% (As of Mar. 2024)

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What is CryoPort 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. CryoPort's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €4.9 Mil. CryoPort's average total debt for the quarter that ended in Mar. 2024 was €381.6 Mil. Therefore, CryoPort's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.29%.

CryoPort Effective Interest Rate on Debt % Historical Data

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

CryoPort Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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14.22

3.76

1.71

1.47

1.27

CryoPort Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.37	1.20	1.28	1.25	1.29

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

For the Integrated Freight & Logistics subindustry, CryoPort'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.

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

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

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

CryoPort Effective Interest Rate on Debt % Calculation

CryoPort'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 * -5.046	/	( (411.497	+	381.475)	/ 2 )
=	-1 * -5.046	/	396.486
=	1.27 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	407.808	+	3.689
=	411.497

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	376.151	+	5.324
=	381.475

CryoPort'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 * -4.924	/	( (381.475	+	381.744)	/ 2 )
=	-1 * -4.924	/	381.6095
=	1.29 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	376.151	+	5.324
=	381.475

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	376.438	+	5.306
=	381.744

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.

CryoPort (STU:CKX) Effective Interest Rate on Debt % Explanation

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

CryoPort Effective Interest Rate on Debt % Related Terms

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CryoPort (STU:CKX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CryoPort Inc (STU:CKX) » Definitions » Effective Interest Rate on Debt %

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CYRX:USA

Address

112 Westwood Place, Suite 350, Brentwood, TN, USA, 37027

Website

https://www.cryoport.com

CryoPort Inc is a leader serving the life sciences industry as a provider of integrated temperature-controlled supply chain solutions supporting the life sciences in the biopharma/pharma, animal health, and reproductive medicine markets. Geographically the company operates in the Americas, Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC), generating a majority of its revenue from the Americas.

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