Wejo Group (Wejo Group) Effective Interest Rate on Debt % : 11.57% (As of Mar. 2023)

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What is Wejo Group 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. Wejo Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $5.96 Mil. Wejo Group's average total debt for the quarter that ended in Mar. 2023 was $51.51 Mil. Therefore, Wejo Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 11.57%.

Wejo Group Effective Interest Rate on Debt % Historical Data

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

Wejo Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

2.52

31.68

38.42

12.81

Wejo Group Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							13.83	13.29	14.15	12.63	11.57

Competitive Comparison of Wejo Group's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Wejo Group'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.

Wejo Group's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Wejo Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Wejo Group Effective Interest Rate on Debt % Calculation

Wejo Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -5.249	/	( (33.705	+	48.268)	/ 2 )
=	-1 * -5.249	/	40.9865
=	12.81 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	33.705	+	0
=	33.705

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.447	+	11.821
=	48.268

Wejo Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -5.96	/	( (48.268	+	54.76)	/ 2 )
=	-1 * -5.96	/	51.514
=	11.57 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.447	+	11.821
=	48.268

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.874	+	17.886
=	54.76

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Wejo Group (OTCPK:WEJWF) Effective Interest Rate on Debt % Explanation

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

Wejo Group Effective Interest Rate on Debt % Related Terms

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Wejo Group (Wejo Group) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Victoria Street, Canon’s Court, Hamilton, BMU, HM12

Website

https://www.wejo.com

Wejo Group Ltd provides software and technology solutions to various market verticals in combination with services that utilize ingested and standardized connected vehicle and other high volume, high value datasets through its proprietary cloud software and analytics platform, Wejo Neural Edge (which includes Wejo ADEPT platform). The Company's sector solutions, delivered at this time in North America and Europe, provide valuable insights to its customers in public and private organizations, including, but not limited to, OEMs, first-tier (Tier 1) automotive suppliers, fleet management companies (Fleets), departments of transportation, retailers, mapping companies, universities, insurance companies, advertising firms, construction firms and research departments.