SPYR Technologies (SPYR Technologies) Effective Interest Rate on Debt % : 27.44% (As of Sep. 2022)

View and export this data going back to . Start your Free Trial

What is SPYR Technologies 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. SPYR Technologies's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $3.46 Mil. SPYR Technologies's average total debt for the quarter that ended in Sep. 2022 was $12.63 Mil. Therefore, SPYR Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 27.44%.

SPYR Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for SPYR Technologies'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.

SPYR Technologies Effective Interest Rate on Debt % Chart

SPYR Technologies Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

1.36

39.87

14.50

15.59

45.73

SPYR Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															22.32	70.76	111.36	34.78	27.44

Competitive Comparison of SPYR Technologies's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, SPYR Technologies'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.

SPYR Technologies's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

SPYR Technologies Effective Interest Rate on Debt % Calculation

SPYR Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -1.139	/	( (1.393	+	3.588)	/ 2 )
=	-1 * -1.139	/	2.4905
=	45.73 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.084	+	1.309
=	1.393

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.82	+	0.768
=	3.588

SPYR Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -3.464	/	( (12.226	+	13.025)	/ 2 )
=	-1 * -3.464	/	12.6255
=	27.44 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.621	+	0.605
=	12.226

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.209	+	0.816
=	13.025

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

SPYR Technologies (OTCPK:SPYR) Effective Interest Rate on Debt % Explanation

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

SPYR Technologies Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of SPYR Technologies's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

SPYR Technologies (SPYR Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SPYR Technologies (OTCPK:SPYR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

DCLT VISM SOLS SEII CYRNQ IRNT EDGM MSFT ORCL ADBE VMW PANW SNPS FTNT CRWD PLTR SQ SPLK MDB ZS

Traded in Other Exchanges

N/A

Address

6700 Woodlands Parkway, Suite 230, No. 331, The Woodlands, TX, USA, 77382

Website

https://www.spyr.com

SPYR Technologies is a diversified technology company. The company develops products leveraging the Internet of Things (IoT) for consumer use and large-scale applications and industries. The Company operates two segments in the Internet of Things (IoT) market. The company through its wholly-owned subsidiary GeoTraq division, develop and manufacture entirely self-contained and ultra-small Mobile IoT (Internet of Things) modules for asset tracking, location-based services, and sensor modules for remote monitoring.

Executives

Timothy Matula	director, officer: CEO	175 JACKSON AVE N, SUITE 102, MINNEAPOLIS MN 55343
Tad M Mailander	director	4811 49TH STREET, SAN DIEGO CA 92115
Barry D Loveless	officer: CFO	4643 S ULSTER ST. SUITE 1510, DENVER CO 80237
Jennifer Devon Duettra	officer: Executive Vice President	8547 E. ARAPAHOE RD., #J527, GREENWOOD VILLAGE CO 80112
James Richard Thompson	officer: President & CEO	8547 E. ARAPAHOE RD., #J527, GREENWOOD VILLAGE CO 80112