Cyngn (CYN) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Cyngn 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. Cyngn's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Cyngn's average total debt for the quarter that ended in Mar. 2024 was $0.93 Mil. Therefore, Cyngn's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Cyngn Effective Interest Rate on Debt % Historical Data

The historical data trend for Cyngn'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.

Cyngn Effective Interest Rate on Debt % Chart

Cyngn Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

1.44

Cyngn Quarterly Data
	Dec19	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												-	-	-	-	-

Competitive Comparison of Cyngn's Effective Interest Rate on Debt %

For the Software - Application subindustry, Cyngn'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.

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

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

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

Cyngn Effective Interest Rate on Debt % Calculation

Cyngn'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	/	( (0.377	+	1)	/ 2 )
=	-1 * 0	/	0.6885
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.377
=	0.377

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.317	+	0.683
=	1

Cyngn'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	/	( (1	+	0.853)	/ 2 )
=	-1 * 0	/	0.9265
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.317	+	0.683
=	1

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.128	+	0.725
=	0.853

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.

Cyngn (NAS:CYN) Effective Interest Rate on Debt % Explanation

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

Cyngn Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Cyngn's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Cyngn (CYN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1015 O’Brien Drive, Menlo Park, CA, USA, 94025

Website

https://www.cyngn.com

Cyngn Inc an industrial autonomous vehicle technology company. Its flagship innovation is DriveMod, an autonomous driving solution that can be flexibly deployed on multiple vehicle types in various environments.

Executives

Karen M Macleod	director	C/O TRACK GROUP, INC., 200 E 5TH AVENUE STE 100, NAPERVILLE IL 60563
Redpoint Associates Iv, Llc	10 percent owner	3000 SAND HILL ROAD, BUILDING 2, SUITE 290, MENLO PARK CA 94025
Andreessen Horowitz Fund Iii-q, L.p.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Andreessen Horowitz Fund Iii, L.p.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Andreessen Horowitz Fund Iii-b, L.p.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Andreessen Horowitz Fund Iii-a, L.p.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Ah Equity Partners Iii, L.l.c.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Redpoint Ventures Iv, Llc	10 percent owner	3000 SAND HILL ROAD, BUILDING 2, SUITE 290, MENLO PARK CA 94025
Redpoint Ventures Iv, L.p.	10 percent owner	3000 SAND HILL ROAD, BUILDING 2, SUITE 290, MENLO PARK CA 94025
Benchmark Capital Partners Vii, L.p.	10 percent owner	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Benchmark Founders' Fund Vii, L.p.	10 percent owner	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Benchmark Founders' Fund Vii-b, L.p.	10 percent owner	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
James Mcdonnell	director	6001 36TH AVE WEST, EVERETT WA 98203-1264
Donald Alvarez	officer: Chief Financial Officer	1015 O'BRIEN DRIVE, MENLO PARK CA 94025
Cunningham Colleen	director	1015 O'BRIEN DRIVE, MENLO PARK CA 94025