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Dropbox (Dropbox) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)


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What is Dropbox 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. Dropbox's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0 Mil. Dropbox's average total debt for the quarter that ended in Dec. 2023 was $2,146 Mil. Therefore, Dropbox's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


Dropbox Effective Interest Rate on Debt % Historical Data

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

Dropbox Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only - - 0.30 - -

Dropbox Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - - - -

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

For the Software - Infrastructure subindustry, Dropbox'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.


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

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

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



Dropbox Effective Interest Rate on Debt % Calculation

Dropbox'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  *  0/( (2294.6+2030.6)/ 2 )
=-1  *  0/2162.6
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2110.9 + 183.7
=2294.6

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1857 + 173.6
=2030.6

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  0/( (2261+2030.6)/ 2 )
=-1  *  0/2145.8
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1857 + 173.6
=2030.6

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


Dropbox  (NAS:DBX) Effective Interest Rate on Debt % Explanation

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


Dropbox Effective Interest Rate on Debt % Related Terms

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Dropbox (Dropbox) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Dropbox Inc (NAS:DBX) » Definitions » Effective Interest Rate on Debt %
Address
1800 Owens Street, San Francisco, CA, USA, 94158
Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB. The company was founded in 2007 and was a pioneer in cloud storage and cross-platform file syncing. Utilizing inorganic and organic means, the firm has been working on diversifying its product mix and pivoting away from the cloud-storage space.
Executives
Bart Volkmer officer: General Counsel 333 BRANNAN STREET, SAN FRANCISCO CA 94107
Timothy Regan officer: Chief Accounting Officer 333 BRANNAN STREET, SAN FRANCISCO CA 94107
Andrew Houston director, 10 percent owner, officer: Chief Executive Officer 333 BRANNAN STREET, SAN FRANCISCO CA 94107
Karen Peacock director C/O DROPBOX, INC., 1800 OWENS STREET, SUITE 200, SAN FRANCISCO CA 94158
Lisa M Campbell director C/O DOLBY LABORATORIES INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103
Timothy H. Young officer: Sr Vice President and GM, Core C/O DROPBOX, INC., 1800 OWENS STREET, SUITE 200, SAN FRANCISCO CA 94158
Abhay Parasnis director 345 PARK AVENUE, SAN JOSE CA 95110
Sara Mathew director CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103
Mylod Robert J Jr director
Michael Seibel director C/O DROPBOX, INC., 1800 OWENS STREET, SAN FRANCISCO CA 94158
Ajay Vashee officer: Chief Financial Officer 333 BRANNAN STREET, SAN FRANCISCO CA 94107
Donald W Blair director ONE RIVERFRONT PLAZA, CORNING NY 14831
Arash Ferdowsi director, 10 percent owner, officer: Co-Founder 111 PINE STREET, SAN FRANCISCO CA 94111
Olivia Nottebohm officer: Chief Operating Officer C/O DROPBOX. INC., 1800 OWENS STREET, SAN FRANCISCO CA 94158
Quentin Clark officer: See Remarks 333 BRANNAN STREET, SAN FRANCISCO CA 94107