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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. Tigo Energy's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $11.44 Mil. Tigo Energy's average total debt for the quarter that ended in Sep. 2024 was $39.15 Mil. Therefore, Tigo Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 29.23%.
The historical data trend for Tigo Energy'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.
Tigo Energy Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Effective Interest Rate on Debt % | 26.63 | 9.52 | 28.91 |
Tigo Energy Quarterly Data | |||||||||||
Dec21 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 36.99 | 34.68 | 32.14 | 30.81 | 29.23 |
For the Solar subindustry, Tigo Energy'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.
For the Semiconductors industry and Technology sector, Tigo Energy's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Tigo Energy's Effective Interest Rate on Debt % falls into.
Tigo Energy'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 * -8.115 | / | ( (21.982 | + | 34.154) | / 2 ) |
= | -1 * -8.115 | / | 28.068 | |||
= | 28.91 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 11.404 | + | 10.578 |
= | 21.982 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 32.962 | + | 1.192 |
= | 34.154 |
Tigo Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Jun. 2024 ) | + | Total Debt (Q: Sep. 2024 )) | / count ) |
= | -1 * -11.444 | / | ( (38.109 | + | 40.181) | / 2 ) |
= | -1 * -11.444 | / | 39.145 | |||
= | 29.23 % |
where
Total Debt (Q: Jun. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 37.173 | + | 0.936 |
= | 38.109 |
Total Debt (Q: Sep. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 39.332 | + | 0.849 |
= | 40.181 |
* 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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Tigo Energy (NAS:TYGO) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Tigo Energy's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Bill Roeschlein | officer: Chief Financial Officer | C/O SELECTICA, INC., 3 WEST PLUMERIA, SAN JOSE CA 95134 |
Jeffrey Stuart Sullivan | officer: Chief Operating Officer | 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008 |
James Jd Dillon | officer: Chief Marketing Officer | 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008 |
Jing Tian | officer: Chief Growth Officer | 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008 |
Zvi Alon | director, officer: Chief Executive Officer | 10725 NORTH DE ANZA BLVD, CUPERTINO CA 95014 |
Joan C Conley | director | 3691 CHEVY CHASE LAKE DRIVE, CHEVY CHASE MD 20815 |
Energy Growth Momentum Gp Ii Ltd. | 10 percent owner, other: See Remarks | 1ST & 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY1 1EW |
Generation Im Climate Solutions Gp, Ltd. | 10 percent owner | BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
Generation Im Climate Solutions Fund, L.p. | 10 percent owner | BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104 |
John Andrew Wilson | director | 655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008 |
Alon Ventures, Llc | 10 percent owner | 27673 LUPINE RD, LOS ALTOS HILLS CA 94022 |
Energy Growth Momentum Ii Lp | 10 percent owner, other: See Remarks | 1ST AND 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY11EW |
Tomer Babai | director | 655 CAMPBELL TECHNOLOGY PARKWAY, SUITE 150, CAMPBELL CA 95008 |
Matthew Day | officer: Co-Chief Operating Officer | 888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660 |
Andrew Costa | officer: Co-Chief Operating Officer | 888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660 |
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