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Volcon (Volcon) Effective Interest Rate on Debt % : 8.12% (As of Mar. 2024)


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What is Volcon 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. Volcon's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1.32 Mil. Volcon's average total debt for the quarter that ended in Mar. 2024 was $16.26 Mil. Therefore, Volcon's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.12%.


Volcon Effective Interest Rate on Debt % Historical Data

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

Volcon Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 5.81 21.25 19.74

Volcon Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.93 25.29 14.86 5.78 8.12

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

For the Auto Manufacturers subindustry, Volcon'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.


Volcon's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Volcon's Effective Interest Rate on Debt % distribution charts can be found below:

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



Volcon Effective Interest Rate on Debt % Calculation

Volcon'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  *  -4.97/( (18.957+31.408)/ 2 )
=-1  *  -4.97/25.1825
=19.74 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.193 + 17.764
=18.957

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.844 + 30.564
=31.408

Volcon'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  *  -1.32/( (31.408+1.12)/ 2 )
=-1  *  -1.32/16.264
=8.12 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.844 + 30.564
=31.408

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.703 + 0.417
=1.12

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


Volcon  (NAS:VLCN) Effective Interest Rate on Debt % Explanation

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


Volcon Effective Interest Rate on Debt % Related Terms

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Volcon (Volcon) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3121 Eagles Nest Street, Suite 120, Round Rock, TX, USA, 78665
Volcon Inc is an all-electric, off-road powersports vehicle company developing and building electric two and four-wheel motorcycles and utility terrain vehicles, also known as side-by-sides, along with a complete line of upgrades and accessories. The company's products include motorcycle and UTV products that are all-electric and designed for off-road use.
Executives
Melissa Coffey officer: VP - Sales & Marketing 1702 PERSIMMON ROAD, CEDAR PARK TX 78613
Stephanie Michelle Davis officer: Chief Operating Officer 504 OCONEE CIRCLE, EVANS GA 30809
Christian Okonsky director, 10 percent owner, officer: Chief Technology Officer C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Adrian James director, 10 percent owner 3736 BEE CAVES RD, SUITE 1-105, AUSTIN TX 78746
Jonathan P. Foster director 2450 SOUTH SHORE BLVD., SUITE 402, LEAGUE CITY TX 77573
Greg Endo officer: Chief Financial Officer C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Karin-joyce Tjon director C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Jordan Don Davis officer: Chief Executive Officer C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Kyoung John Kim director C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665