Infobird Co (Infobird Co) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2023)

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What is Infobird Co 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. Infobird Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.00 Mil. Infobird Co's average total debt for the quarter that ended in Jun. 2023 was $3.62 Mil. Therefore, Infobird Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 0.00%.

Infobird Co Effective Interest Rate on Debt % Historical Data

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

Infobird Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

11.86

11.64

7.04

7.95

34.04

Infobird Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					13.77	4.36	0.05	77.93	-

Competitive Comparison of Infobird Co's Effective Interest Rate on Debt %

For the Software - Application subindustry, Infobird Co'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.

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

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

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

Infobird Co Effective Interest Rate on Debt % Calculation

Infobird Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -1.451	/	( (4.91	+	3.615)	/ 2 )
=	-1 * -1.451	/	4.2625
=	34.04 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.228	+	4.682
=	4.91

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.027	+	3.588
=	3.615

Infobird Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * 0	/	( (3.615	+	0)	/ 1 )
=	-1 * 0	/	3.615
=	0.00 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.027	+	3.588
=	3.615

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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 two times the semi-annual (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Infobird Co (NAS:IFBD) Effective Interest Rate on Debt % Explanation

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

Infobird Co Effective Interest Rate on Debt % Related Terms

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Infobird Co (Infobird Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Infobird Co Ltd (NAS:IFBD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Courtyard, Lize Zhongyi Road, Boya International Center, Building 2, Room 12A06, Block A, Chaoyang District, Beijing, CHN, 100102

Website

https://www.infobird.com

Infobird Co Ltd is engaged in developing and providing customer engagement cloud-based services. It software-as-a-service, provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China. It provides holistic software solutions to help corporate clients proactively deliver and manage end-to-end customer engagement activities at all stages of the sales process including pre-sales and sales activities and post-sales customer support. It also offer AI-powered cloud-based sales force management software including intelligent quality inspection and intelligent training software to help clients monitor, benchmark and improve the performances of agents.