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Lever Global (Lever Global) Effective Interest Rate on Debt % : 7.44% (As of Mar. 2024)


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What is Lever Global 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. Lever Global's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.02 Mil. Lever Global's average total debt for the quarter that ended in Mar. 2024 was $0.32 Mil. Therefore, Lever Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.44%.

Lever Global Effective Interest Rate on Debt % Historical Data

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

Lever Global Annual Data
Trend Dec22 Dec23
Effective Interest Rate on Debt %
- 19.90

Lever Global Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial 10.67 11.32 31.05 6.33 7.44

Competitive Comparison of Lever Global's Effective Interest Rate on Debt %

For the Software - Application subindustry, Lever Global'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.

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

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

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


Lever Global Effective Interest Rate on Debt % Calculation

Lever Global'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  *  -0.061/( (0.3+0.313)/ 2 )
=-1  *  -0.061/0.3065
=19.90 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.3
=0.3

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.313
=0.313

Lever Global'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  *  -0.024/( (0.313+0.332)/ 2 )
=-1  *  -0.024/0.3225
=7.44 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.313
=0.313

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.332
=0.332

* 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.

Lever Global  (OTCPK:LVER) Effective Interest Rate on Debt % Explanation

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

Lever Global Effective Interest Rate on Debt % Related Terms

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Lever Global (Lever Global) Business Description

Industry
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Traded in Other Exchanges
N/A
Address
Level 11, 9255 West Sunset Boulevard, West Hollywood, CA, USA, 90069
Website
Lever Global Corp is a fintech-driven consumer liabilities and debt management company. Its App allows the subscribers to analyze their existing student loans and recommend programs the US Department of Education offers after the initial assessment and processes enrolments into these programs. The App provides a list of qualified federal programs. The subscribers can digitally enroll in these programs by uploading or self-declaring their W-2, wage, or tax statements through the App.