Fastly (FRA:2Y7) Effective Interest Rate on Debt % : 0.54% (As of Mar. 2024)

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What is Fastly 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. Fastly's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €2.1 Mil. Fastly's average total debt for the quarter that ended in Mar. 2024 was €394.5 Mil. Therefore, Fastly's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.54%.

Fastly Effective Interest Rate on Debt % Historical Data

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

Fastly Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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13.21

2.52

0.92

0.65

0.63

Fastly 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															0.58	0.70	0.61	0.59	0.54

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

For the Software - Application subindustry, Fastly'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.

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

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

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

Fastly Effective Interest Rate on Debt % Calculation

Fastly'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 * -3.715	/	( (786.86	+	397.354)	/ 2 )
=	-1 * -3.715	/	592.107
=	0.63 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	737.791	+	49.069
=	786.86

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	360.925	+	36.429
=	397.354

Fastly'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 * -2.132	/	( (397.354	+	391.633)	/ 2 )
=	-1 * -2.132	/	394.4935
=	0.54 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	360.925	+	36.429
=	397.354

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	359.843	+	31.79
=	391.633

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.

Fastly (FRA:2Y7) Effective Interest Rate on Debt % Explanation

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

Fastly Effective Interest Rate on Debt % Related Terms

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Fastly (FRA:2Y7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fastly Inc (FRA:2Y7) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

FSLY:USA FSLY:Mexico 2Y7:Germany F1SL34:Brazil

Address

475 Brannan Street, Suite 300, San Francisco, CA, USA, 94107

Website

https://www.fastly.com

Fastly operates a content delivery network, which is necessary for entities to provide faster and more reliable online content. Fastly's strategy differs from traditional CDNs, which focus on locating servers in as many locations as possible to store copies of files that consumers most use. Fastly is in far fewer sites than traditional CDNs, but it houses servers in the most network-dense data centers. Instead of simply storing static content, it allows its customers to program on its platform, enabling edge computing and better service of the more dynamic content that was traditionally not well served by CDNs. Fastly gears its service to the largest, most sophisticated enterprises rather than small companies and generated nearly three fourths of its revenue in the United States in 2022.

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