Grindr (Grindr) Effective Interest Rate on Debt % : 8.67% (As of Mar. 2024)

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What is Grindr 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. Grindr's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $28.7 Mil. Grindr's average total debt for the quarter that ended in Mar. 2024 was $331.3 Mil. Therefore, Grindr's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.67%.

Grindr Effective Interest Rate on Debt % Historical Data

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

Grindr Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

11.30

12.55

12.97

Grindr Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								11.83	14.52	13.81	11.93	8.67

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

For the Software - Application subindustry, Grindr'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.

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

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

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

Grindr Effective Interest Rate on Debt % Calculation

Grindr'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 * -46.007	/	( (365.336	+	344.246)	/ 2 )
=	-1 * -46.007	/	354.791
=	12.97 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	342.134	+	23.202
=	365.336

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	327.841	+	16.405
=	344.246

Grindr'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 * -28.74	/	( (344.246	+	318.376)	/ 2 )
=	-1 * -28.74	/	331.311
=	8.67 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	327.841	+	16.405
=	344.246

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	301.905	+	16.471
=	318.376

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.

Grindr (NYSE:GRND) Effective Interest Rate on Debt % Explanation

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

Grindr Effective Interest Rate on Debt % Related Terms

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Grindr (Grindr) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Grindr Inc (NYSE:GRND) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 N. San Vincente Boulevard, Suite RE 1400, PO Box 69176750, West Hollywood, CA, USA, 90069

Website

https://www.grindr.com

Grindr Inc is a social networking app for gay, bi, trans, and queer people. It is a social network that brings together gay and bisexual men who want to meet other men close to them in a completely discreet and anonymous way, without having to give any personal information or having to fill out a profile with confidential information in order to register.

Executives

George Arison	director, officer: Chief Executive Officer	3727 LA DONNA AVENUE, PALO ALTO CA 94306
Zage George Raymond Iii	director, 10 percent owner	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 04
Kye Chen	officer: Chief Accounting Officer	C/O GRINDR INC., 750 N. SAN VICENTE BLVD., SUITE RE 1400, WEST HOLLYWOOD CA 90069
Carman Wong	other: Former Director of Grindr Inc.	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Maggie Lower	director	5822 NORTH WINTHROP AVENUE, CHICAGO IL 60660
Gary I. Horowitz	director	350 WEST 23RD STREET, APT 6A, NEW YORK NY 10011
Daniel Brooks Baer	director	1443 Q STREET NW, WASHINGTON DC 20009
Meghan Stabler	director	4502 HARVEY PENICK DR, ROUND ROCK TX 78664
Austin J Balance	officer: Chief Product Officer	750 N SAN VICENTE BLVD STE RE1400, WEST HOLLYWOOD CA 90069
Lu James Fu Bin	director, 10 percent owner	C/O PLAYTIKA LTD., HACHOSHLIM ST 8, HERZLIYA PITUARCH L3 4672408
Ashish Gupta	other: Former Director of Grindr Inc.	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Gearon J Michael Jr	director, 10 percent owner	3350 RIVERWOOD PARKWAY, SUITE 425, ATLANTA GA 30339
Ben Falloon	other: Former Director of Grindr Inc.	C/O TIGA ACQUISITION CORP., OFC, LEVEL 40, 10 COLLYER QUAY, SINGAPORE U0 049315
Vandana Mehta-krantz	officer: Chief Financial Officer	SKILLZ INC., C/O CHARLOTTE EDELMAN, P.O. BOX 445, SAN FRANCISCO CA 94104-0445
David Christopher Ryan	other: Former Director of Grindr Inc.	C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401