Mynd.ai (STU:WK6) Effective Interest Rate on Debt % : 11.83% (As of Dec. 2024)

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What is Mynd.ai 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. Mynd.ai's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was €9.3 Mil. Mynd.ai's average total debt for the quarter that ended in Dec. 2024 was €78.4 Mil. Therefore, Mynd.ai's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 11.83%.

Mynd.ai Effective Interest Rate on Debt % Historical Data

The historical data trend for Mynd.ai'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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Mynd.ai Effective Interest Rate on Debt % Chart

Mynd.ai Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

3.26

6.31

12.87

Mynd.ai Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	-	8.24	5.10	12.23	11.83

Competitive Comparison of Mynd.ai's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Mynd.ai'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.

Mynd.ai's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Mynd.ai's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Mynd.ai Effective Interest Rate on Debt % Calculation

Mynd.ai's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -9.904	/	( (82.357	+	71.532)	/ 2 )
=	-1 * -9.904	/	76.9445
=	12.87 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	51.582	+	30.775
=	82.357

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60.093	+	11.439
=	71.532

Mynd.ai's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -9.27	/	( (85.231	+	71.532)	/ 2 )
=	-1 * -9.27	/	78.3815
=	11.83 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.725	+	23.506
=	85.231

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60.093	+	11.439
=	71.532

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 (Dec. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Mynd.ai (STU:WK6) Effective Interest Rate on Debt % Explanation

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

Mynd.ai Effective Interest Rate on Debt % Related Terms

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Mynd.ai Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Mynd.ai Inc (STU:WK6) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

MYND:USA WK6:Germany

Address

Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, CYM, KY1-1104

Website

https://www.mynd.ai

Mynd.ai Inc is a company that provides a platform for delivering digital content in K-12 classrooms, giving teachers seamless connectivity to inspire young minds. It features agnostic hardware that integrates across technology providers. Its product line includes a wide range of interactive tools and technologies, with its award-winning interactive displays at the forefront. It also offers interactive software apps such as Screen Share, computing modules, and accessories that meet the needs of customers, including K -12 educators, colleges and universities, small businesses and corporations, government agencies, and more. Geographically, it operates in United States and Rest of the world.

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