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Boston Omaha (Boston Omaha) Effective Interest Rate on Debt % : 1.27% (As of Mar. 2024)


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What is Boston Omaha 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. Boston Omaha's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1.13 Mil. Boston Omaha's average total debt for the quarter that ended in Mar. 2024 was $88.56 Mil. Therefore, Boston Omaha's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.27%.


Boston Omaha Effective Interest Rate on Debt % Historical Data

The historical data trend for Boston Omaha'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.

Boston Omaha Effective Interest Rate on Debt % Chart

Boston Omaha 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 0.43 1.16 1.15 1.32 1.26

Boston Omaha 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 1.25 1.26 1.27 1.27 1.27

Competitive Comparison of Boston Omaha's Effective Interest Rate on Debt %

For the Advertising Agencies subindustry, Boston Omaha'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.


Boston Omaha's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Boston Omaha's Effective Interest Rate on Debt % distribution charts can be found below:

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



Boston Omaha Effective Interest Rate on Debt % Calculation

Boston Omaha'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  *  -1.147/( (92.985+88.861)/ 2 )
=-1  *  -1.147/90.923
=1.26 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=86.236 + 6.749
=92.985

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=82.961 + 5.9
=88.861

Boston Omaha'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  *  -1.128/( (88.861+88.266)/ 2 )
=-1  *  -1.128/88.5635
=1.27 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=82.961 + 5.9
=88.861

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=82.346 + 5.92
=88.266

* 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.


Boston Omaha  (NYSE:BOC) Effective Interest Rate on Debt % Explanation

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


Boston Omaha Effective Interest Rate on Debt % Related Terms

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Boston Omaha (Boston Omaha) Business Description

Traded in Other Exchanges
Address
1601 Dodge Street, Suite 3300, Omaha, NE, USA, 68102
Boston Omaha Corp is a US-based company which invests in real estate. Its operations include its ownership of multiple billboards in Florida, Georgia, Wisconsin, and Alabama and equity method investments in several real estate companies. The company operates three separate lines of business, outdoor billboard advertising, surety insurance and related brokerage activities, and broadband services. It also engages in investments in real estate management and related activities. The company generates the majority of the revenue from billboard rentals.
Executives
Joshua Paul Weisenburger officer: Chief Financial Officer 1411 HARNEY ST. SUITE 200, OMAHA NE 68102
Jeffrey C Royal director 5420 NICHOLAS STREET, OMAHA NE 68132
Adam K Peterson 10 percent owner 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Alexander Buffett Rozek director, 10 percent owner, officer: Co-Chief Executive Officer 292 NEWBURY ST #333, BOSTON MA 02115
Brendan Joseph Keating director 8918 SPANISH RIDGE AVENUE, SUITE 100, LAS VEGAS NV 89148
Steven Charles Mcghie officer: See Remarks BOSTON OMAHA CORPORATION, 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
David John Herman officer: See Remarks BOSTON OMAHA CORPORATION, 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Vishnu Srinivasan director C/O BOSTON OMAHA CORPORATION, 292 NEWBURY ST. SUITE 333, BOSTON MA 02115
Kenan Frank H. Ii director C/O BOSTON OMAHA CORPORATION.,, 292 NEWBURY ST. SUITE 333, BOSTON MA 02115
Joseph Max Meisinger officer: Chief Accounting Officer BOSTON OMAHA CORPORATION, 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Boulderado Group, Llc other: Manager is Director and Co-CEO 292 NEWBURY STREET, SUITE 333, BOSTON MA 02115
Bradford B Briner director 705 GIMGHOUL ROAD, CHAPEL HILL NC 27514
Magnolia Boc Ii, Lp 10 percent owner 1411 HARNEY ST., SUITE 200, OMAHA NE 68102
Magnolia Capital Fund, Lp 10 percent owner 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
William Scott Lafoy officer: CEO of Link Media Holdings,LLC C/O LINK MEDIA OUTDOOR, 200 MANSELL CT. EAST, BLDG 200 STE. 360, ROSWELL GA 30076