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Data443 Risk Mitigation (Data443 Risk Mitigation) Effective Interest Rate on Debt % : 49.36% (As of Mar. 2024)


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What is Data443 Risk Mitigation 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. Data443 Risk Mitigation's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $4.26 Mil. Data443 Risk Mitigation's average total debt for the quarter that ended in Mar. 2024 was $8.64 Mil. Therefore, Data443 Risk Mitigation's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 49.36%.


Data443 Risk Mitigation Effective Interest Rate on Debt % Historical Data

The historical data trend for Data443 Risk Mitigation'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.

Data443 Risk Mitigation Effective Interest Rate on Debt % Chart

Data443 Risk Mitigation Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 72.75 73.56 86.13 87.52 73.73

Data443 Risk Mitigation Quarterly Data
Jun19 Sep19 Dec19 Mar20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.78 178.02 56.28 75.80 49.36

Competitive Comparison of Data443 Risk Mitigation's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Data443 Risk Mitigation'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.


Data443 Risk Mitigation's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Data443 Risk Mitigation's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Data443 Risk Mitigation's Effective Interest Rate on Debt % falls into.



Data443 Risk Mitigation Effective Interest Rate on Debt % Calculation

Data443 Risk Mitigation'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  *  -6.417/( (8.834+8.573)/ 2 )
=-1  *  -6.417/8.7035
=73.73 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.557 + 5.277
=8.834

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.453 + 7.12
=8.573

Data443 Risk Mitigation'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  *  -4.264/( (8.573+8.704)/ 2 )
=-1  *  -4.264/8.6385
=49.36 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.453 + 7.12
=8.573

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.718 + 6.986
=8.704

* 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.


Data443 Risk Mitigation  (OTCPK:ATDS) Effective Interest Rate on Debt % Explanation

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


Data443 Risk Mitigation Effective Interest Rate on Debt % Related Terms

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Data443 Risk Mitigation (Data443 Risk Mitigation) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4000 Sancar Drive, P.O. Box 12235, Suite 400, Research Triangle Park, Durham, NC, USA, 27709
Data443 Risk Mitigation Inc is engaged in developing products that enable secure data, at rest and in flight, across local devices, networks, cloud, and databases. The company derives revenue primarily from contracts for subscription to access the SaaS platforms and, ancillary services provided in connection with subscription services. Its product portfolio comprises of ClassiDocs, WordPress GDPR Framework, ARALOC platform, ArcMail, Data443 Virtual Data Protection Officer program, and Privacy Manager.
Executives
Greg Mccraw officer: Vice President and CFO 4000 PARK DRIVE, SUITE 400, RESEARCH TRIANGLE NC 27709
Remillard Jason L M director, officer: President; CEO; Secretary 101 J. MORRIS COMMONS LANE, SUITE 105, MORRISVILLE NC 27560

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