BigCommerce Holdings (BigCommerce Holdings) Effective Interest Rate on Debt % : 0.25% (As of Mar. 2024)

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What is BigCommerce Holdings 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. BigCommerce Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.9 Mil. BigCommerce Holdings's average total debt for the quarter that ended in Mar. 2024 was $350.2 Mil. Therefore, BigCommerce Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.25%.

BigCommerce Holdings Effective Interest Rate on Debt % Historical Data

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

BigCommerce Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.85

8.26

0.14

0.25

0.26

BigCommerce Holdings 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															0.26	0.26	0.26	0.26	0.25

Competitive Comparison of BigCommerce Holdings's Effective Interest Rate on Debt %

For the Software - Application subindustry, BigCommerce Holdings'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.

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

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

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

BigCommerce Holdings Effective Interest Rate on Debt % Calculation

BigCommerce Holdings'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 * -0.908	/	( (350.114	+	350.313)	/ 2 )
=	-1 * -0.908	/	350.2135
=	0.26 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	347.505	+	2.609
=	350.114

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	347.224	+	3.089
=	350.313

BigCommerce Holdings'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 * -0.892	/	( (350.313	+	350.014)	/ 2 )
=	-1 * -0.892	/	350.1635
=	0.25 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	347.224	+	3.089
=	350.313

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	346.984	+	3.03
=	350.014

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.

BigCommerce Holdings (NAS:BIGC) Effective Interest Rate on Debt % Explanation

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

BigCommerce Holdings Effective Interest Rate on Debt % Related Terms

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BigCommerce Holdings (BigCommerce Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BigCommerce Holdings Inc (NAS:BIGC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

BI1:Germany

Address

11305 Four Points Drive, Suite 100, Building II, Austin, TX, USA, 78726

Website

http://www.bigcommerce.com

BigCommerce Holdings Inc is engaged in offering Software-as-a-service (SaaS) e-commerce platform. The company's SaaS platform engages in the creation of online stores by delivering a combination of ease-of-use, enterprise functionality, and flexibility. It powers both the customers' branded ecommerce stores and their cross-channel connections to popular online marketplaces, social networks, and offline point-of-sale systems. The group operates in a single segment covering geographical areas of Americas-U.S.; Americas-other; EMEA; and APAC, of which a majority of revenue is generated from Americas-U.S.

Executives

Jeffrey Gordon Richards	director	3000 SAND HILL ROAD, BUILDING 4, SUITE 230, MENLO PARK CA 94025
Steven Chung	officer: President	11305 FOUR POINTS DR., BLDG. 2, SUITE 100, AUSTIN TX 78726
Lisa Pearson	officer: Chief Marketing Officer	11305 FOUR POINTS DRIVE, BUILDING II, SUITE 100, AUSTIN TX 78726
Daniel Lentz	officer: Chief Financial Officer	11305 FOUR POINT DRIVE, BUILDING II, SUITE 100, AUSTIN TX 78726
Hubert S Ban	officer: Chief Accounting Officer	11305 FOUR POINTS DRIVE, BUILDING II, SUITE 100, AUSTIN TX 78726
Charles D Cassidy	officer: General Counsel	11305 FOUR POINTS DRIVE, BUILDING II, SUITE 100, AUSTIN TX 78726
Brent Bellm	director, officer: See Remarks	11305 FOUR POINTS DRIVE, BUILDING II, THIRD FLOOR, AUSTIN TX 78726
Brian Singh Dhatt	officer: Chief Technology Officer	11305 FOUR POINTS DRIVE, BLDG. II, THIRD FLOOR, AUSTIN TX 78726
Jeff Mengoli	officer: See Remarks	11305 FOUR POINTS DRIVE, BUILDING II, THIRD FLOOR, AUSTIN TX 78726
Russell Scott Klein	officer: Chief Commercial Officer	11305 FOUR POINTS DRIVE, BUILDING II, THIRD FLOOR, AUSTIN TX 78726
Marc Ostryniec	officer: Chief Sales Officer	11305 FOUR POINTS DRIVE, BUILDING II, THIRD FLOOR, AUSTIN TX 78726
Robert Kaloustian	officer: Chief Services Officer	11305 FOUR POINTS DRIVE, BLDG II, THIRD FLOOR, AUSTIN TX 78726
Robert Alvarez	officer: Chief Financial Officer	11305 FOUR POINTS DRIVE, BUILDING II, SUITE 100, AUSTIN TX 78726
Sarah Gilligan	director	11305 FOUR POINTS DRIVE, BUILDING II, SUITE 100, AUSTIN TX 78726
Satish Malhotra	director	C/O CONTAINER STORE GROUP, INC., 550 FREEPORT PARKWAY, COPPELL TX 75019