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Tiny (TSXV:TINY) Effective Interest Rate on Debt % : 9.11% (As of Dec. 2023)


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What is Tiny 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. Tiny's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$12.0 Mil. Tiny's average total debt for the quarter that ended in Dec. 2023 was C$132.2 Mil. Therefore, Tiny's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.11%.

Tiny Effective Interest Rate on Debt % Historical Data

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

Tiny Annual Data
Trend Dec22 Dec23
Effective Interest Rate on Debt %
3.25 8.85

Tiny Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial 4.39 8.58 17.90 7.74 9.11

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

For the Asset Management subindustry, Tiny'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.

Tiny's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Tiny's Effective Interest Rate on Debt % distribution charts can be found below:

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


Tiny Effective Interest Rate on Debt % Calculation

Tiny'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  *  -8.971/( (70.954+131.715)/ 2 )
=-1  *  -8.971/101.3345
=8.85 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=67.662 + 3.292
=70.954

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=120.917 + 10.798
=131.715

Tiny'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  *  -12.04/( (132.65+131.715)/ 2 )
=-1  *  -12.04/132.1825
=9.11 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=121.885 + 10.765
=132.65

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=120.917 + 10.798
=131.715

* 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 four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Tiny  (TSXV:TINY) Effective Interest Rate on Debt % Explanation

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

Tiny Effective Interest Rate on Debt % Related Terms

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Tiny (TSXV:TINY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Tiny Ltd (TSXV:TINY) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
TNYZF:USA I0B:Germany
Address
400 - 1152 Mainland Street, Vancouver, BC, CAN, V6B 4X2
Website
https://www.tiny.com
Tiny Ltd operates as a technology holding company with a strategy of acquiring majority stakes in businesses. Tiny has two core business segments, Beam and Dribbble, with other standalone businesses including a private equity investment fund.
Executives
Andrew David Charles Wilkinson 10% Security Holder, Director, Senior Officer

Tiny (TSXV:TINY) Headlines