Blink Charging Co (Blink Charging Co) Effective Interest Rate on Debt % : 9.54% (As of Mar. 2024)

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What is Blink Charging Co 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. Blink Charging Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1.7 Mil. Blink Charging Co's average total debt for the quarter that ended in Mar. 2024 was $17.9 Mil. Therefore, Blink Charging Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.54%.

Blink Charging Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Blink Charging Co'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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Blink Charging Co Effective Interest Rate on Debt % Chart

Blink Charging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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40.34

30.27

Blink Charging Co 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															41.46	28.16	24.34	27.67	9.54

Competitive Comparison of Blink Charging Co's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Blink Charging Co'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.

Blink Charging Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Blink Charging Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Blink Charging Co Effective Interest Rate on Debt % Calculation

Blink Charging Co'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 * -3.546	/	( (5.492	+	17.94)	/ 2 )
=	-1 * -3.546	/	11.716
=	30.27 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.438	+	2.054
=	5.492

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.188	+	10.752
=	17.94

Blink Charging Co'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 * -1.708	/	( (17.94	+	17.859)	/ 2 )
=	-1 * -1.708	/	17.8995
=	9.54 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.188	+	10.752
=	17.94

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.837	+	11.022
=	17.859

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.

Blink Charging Co (NAS:BLNK) Effective Interest Rate on Debt % Explanation

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

Blink Charging Co Effective Interest Rate on Debt % Related Terms

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Blink Charging Co (Blink Charging Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Blink Charging Co (NAS:BLNK) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

BLNK:Mexico

Address

605 Lincoln Road, 5th Floor, Miami Beach, FL, USA, 33139

Website

https://www.blinkcharging.com

Blink Charging Co is an owner, operator, and provider of electric vehicle (EV) charging services. The company offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types. The company's business is the sale and distribution of electric vehicle charging equipment and its associated revenues earned from customers and/or Property Partners who use equipment connected to its network.

Executives

Michael D Farkas	director, 10 percent owner, officer: Executive Chairman
Michael C. Battaglia	officer: Chief Operating Officer	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Mahidhar Reddy	director, officer: CEO of a Blink Subsidiary	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Kristina A. Peterson	director	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Jack Levine	director	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Mark Pastrone	officer: Chief Operating Officer	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Aviv Hillo	officer: General Counsel	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Cedric L. Richmond	director	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Harjinder Bhade	officer: Chief Technology Officer	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Donald Engel	director, officer: Business Development Officer	570 PARK AVE, NEW YORK NY 10065
Carmen Perez-carlton	director	2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Kenneth R. Marks	director	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Brendan Sean Jones	officer: Chief Operating Officer	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Michael P Rama	officer: Chief Financial Officer	C/O AVATAR HOLDINGS INC, 201 ALHAMBRA CIRCLE 12TH FLOOR, CORAL GABLES FL 33134
Louis R. Buffalino	director	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI FL 33139