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Bitcoin Depot (Bitcoin Depot) Effective Interest Rate on Debt % : 49.75% (As of Mar. 2024)


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What is Bitcoin Depot 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. Bitcoin Depot's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $19.8 Mil. Bitcoin Depot's average total debt for the quarter that ended in Mar. 2024 was $39.8 Mil. Therefore, Bitcoin Depot's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 49.75%.

Bitcoin Depot Effective Interest Rate on Debt % Historical Data

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

Bitcoin Depot Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
2.49 16.21 18.67 25.39

Bitcoin Depot Quarterly Data
Dec20 Jun21 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 19.65 37.92 31.63 21.96 49.75

Competitive Comparison of Bitcoin Depot's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Bitcoin Depot'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.

Bitcoin Depot's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bitcoin Depot's Effective Interest Rate on Debt % distribution charts can be found below:

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


Bitcoin Depot Effective Interest Rate on Debt % Calculation

Bitcoin Depot'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  *  -11.926/( (62.624+31.333)/ 2 )
=-1  *  -11.926/46.9785
=25.39 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=35.909 + 26.715
=62.624

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=20.268 + 11.065
=31.333

Bitcoin Depot'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  *  -19.776/( (31.333+48.172)/ 2 )
=-1  *  -19.776/39.7525
=49.75 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=20.268 + 11.065
=31.333

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38.822 + 9.35
=48.172

* 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.

Bitcoin Depot  (NAS:BTM) Effective Interest Rate on Debt % Explanation

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

Bitcoin Depot Effective Interest Rate on Debt % Related Terms

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Bitcoin Depot (Bitcoin Depot) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitcoin Depot Inc (NAS:BTM) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
SDIG AGBA SWIN GREE CRMZ PHIL SAI MFH MEGL TCJH MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688
Traded in Other Exchanges
N/A
Address
2870 Peachtree Road No. 327, Atlanta, GA, USA, 30305
Website
https://www.bitcoindepot.com
Bitcoin Depot Inc is the fastest-growing multi-cryptocurrency ATM Network offering users the ability to buy and sell.
Executives
Christopher Scott Buchanan director, officer: CHIEF OPERATING OFFICER 2870 PEACHTREE RD #327, ATLANTA GA 30305
Brandon Taylor Mintz director, officer: See Remarks 2870 PEACHTREE RD #327, ATLANTA GA 30305
David E Shaw 10 percent owner, other: See Footnotes 1, 3, and 4. 120 WEST FORTY-FIFTH STREET, 39TH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.p. 10 percent owner, other: See Footnotes 1, 3, and 4. 1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
D. E. Shaw & Co, L.l.c. 10 percent owner, other: See Footnotes 1, 3, and 4. 1166 AVENUE OF THE AMERICAS, NINTH FLOOR, NEW YORK NY 10036
Daniel Tramel Stabile director 2870 PEACHTREE RD. #327, ATLANTA GA 30305
Jacqueline Marks director 2870 PEACHTREE RD. #327, ATLANTA GA 30305
Gardner Daniel C. Jr director 2870 PEACHTREE RD. #327, ATLANTA GA 30305
Timothy Vanderham director 2870 PEACHTREE RD. #327, ATLANTA GA 30305
Bt Assets, Inc. 10 percent owner 2870 PEACHTREE RD #327, ATLANTA GA 30305
Mark James Smalley officer: CHIEF COMPLIANCE OFFICER 2870 PEACHTREE RD #327, ATLANTA GA 30305
Gsr Ii Meteora Sponsor Llc 10 percent owner C/O GSR II METEORA ACQUISITION CORP., 840 PARK DRIVE EAST, BOCA RATON FL 33432
Glen S Leibowitz officer: CHIEF FINANCIAL OFFICER 366 MADISON AVENUE, 11TH FLOOR, NEW YORK NY 10017
Bradley R. Strock director C/O ELEVATE CREDIT, INC., 4150 INTERNATIONAL PLAZA, SUITE 300, FORT WORTH TX 76109
Eve Mongiardo director C/O GSR II METEORA ACQUISITION CORP., 840 PARK DRIVE EAST, BOCA RATON FL 33432