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Tribal Rides International (Tribal Rides International) Effective Interest Rate on Debt % : 14.41% (As of Jun. 2023)


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What is Tribal Rides International 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. Tribal Rides International's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.05 Mil. Tribal Rides International's average total debt for the quarter that ended in Jun. 2023 was $0.33 Mil. Therefore, Tribal Rides International's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 14.41%.


Tribal Rides International Effective Interest Rate on Debt % Historical Data

The historical data trend for Tribal Rides International'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.

* Premium members only.

Tribal Rides International Effective Interest Rate on Debt % Chart

Tribal Rides International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only - 4.88 5.00 138.58 122.42

Tribal Rides International Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 109.51 13.11 11.52 11.61 14.41

Competitive Comparison of Tribal Rides International's Effective Interest Rate on Debt %

For the Software - Application subindustry, Tribal Rides International'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.


Tribal Rides International's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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



Tribal Rides International Effective Interest Rate on Debt % Calculation

Tribal Rides International'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  *  -0.243/( (0.087+0.31)/ 2 )
=-1  *  -0.243/0.1985
=122.42 %

where

Tribal Rides International's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -0.048/( (0.31+0.356)/ 2 )
=-1  *  -0.048/0.333
=14.41 %

where

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


Tribal Rides International  (OTCPK:XNDA) Effective Interest Rate on Debt % Explanation

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


Tribal Rides International Effective Interest Rate on Debt % Related Terms

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Tribal Rides International (Tribal Rides International) Business Description

Traded in Other Exchanges
N/A
Address
26060 Acero, Mission Viejo, CA, USA, 92691
Tribal Rides International Corp is a transportation technology company creating the future of personal mobility with a, patented focus on autonomous vehicles. It is developing a cloud-based Systems as a Solution (SaaS) interface for a comprehensive social network and mobile application. The company's planned E-commerce module will enable users to create and manage their own personalized transportation experience; to form and/or join groups; collaborate on cost-saving strategies; find, schedule, obtain transportation services from within the groups in which it belong, and easily and securely conduct financial transactions.
Executives
Joseph Grimes director, 10 percent owner, officer: CEO 6 CLEOME, LADERA RANCH CA 92694
Steven Paul Ritacco director, officer: Chief Technology Officer 4311 NE 18TH AVE, FT. LAUDERDALE FL 33334
Sanjay Prasad director 221 MAIN STREET, #496, LOS ALTOS CA 94023
Donald Dewayne Smith officer: Chief Financial Officer C/O TRIBAL RIDES INTERNATIONAL, INC., 26060 ACERO, MISSION VIEJO CA 92691