Recruiter.Com Group (Recruiter.Com Group) Effective Interest Rate on Debt % : 31.00% (As of Mar. 2024)

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What is Recruiter.Com Group 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. Recruiter.Com Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1.46 Mil. Recruiter.Com Group's average total debt for the quarter that ended in Mar. 2024 was $4.72 Mil. Therefore, Recruiter.Com Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 31.00%.

Recruiter.Com Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Recruiter.Com Group'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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Recruiter.Com Group Effective Interest Rate on Debt % Chart

Recruiter.Com Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

737.11

163.99

96.55

20.73

40.61

Recruiter.Com Group 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															41.39	50.73	49.96	28.22	31.00

Competitive Comparison of Recruiter.Com Group's Effective Interest Rate on Debt %

For the Staffing & Employment Services subindustry, Recruiter.Com Group'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.

Recruiter.Com Group's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Recruiter.Com Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Recruiter.Com Group Effective Interest Rate on Debt % Calculation

Recruiter.Com Group'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 * -2.151	/	( (4.961	+	5.632)	/ 2 )
=	-1 * -2.151	/	5.2965
=	40.61 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.26	+	3.701
=	4.961

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.632
=	5.632

Recruiter.Com Group'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 * -1.464	/	( (5.632	+	3.813)	/ 2 )
=	-1 * -1.464	/	4.7225
=	31.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.632
=	5.632

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3.813
=	3.813

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.

Recruiter.Com Group (NAS:RCRT) Effective Interest Rate on Debt % Explanation

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

Recruiter.Com Group Effective Interest Rate on Debt % Related Terms

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Recruiter.Com Group (Recruiter.Com Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Recruiter.Com Group Inc (NAS:RCRT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Seventh Avenue, New York, NY, USA, 10018

Website

https://www.recruiter.com

Recruiter.Com Group Inc is a hiring platform for the network of recruiters. The company empowers businesses to recruit specialized talent faster with virtual teams of recruiters and AI job-matching technology. The Recruiter.com network of over 28,000 small and independent recruiters utilize a web platform, complete with AI-driven job matching, to recruit talent faster. Its Recruiters On Demand provides businesses of all sizes access to virtual recruiters specialized by vertical industries to source, engage, and hire talent on an as-needed basis.

Executives

Douglas Roth	director	54 W 40TH STREET, NEW YORK NY 10018
Miles L Jennings	director, officer: CEO	4 OAKLAND STREET, BRISTOL CT 06010
Evan Sohn	director, officer: Executive Chairman	344 GROVE STREET #2 #4018, JERSEY CITY NJ 07302
Josh Mcbride	officer: SVP, AI Solutions	500 SEVENTH AVENUE, NEW YORK NY 10018
Xuan Smith	officer: Chief Technology Officer	500 SEVENTH AVENUE, NEW YORK NY 10018
Wallace D Ruiz	director
Judy Krandel	officer: Chief Financial Officer	320 W. 37TH STREET, 13TH FLOOR, NEW YORK NY 10018
Robert H Heath	director	1 MARKET STREET, STEUART TOWER, SUITE 800, SAN FRANCISCO CA 94105
Stephen Pemberton	director	801 W. ADAMS STREET SUITE 600, CHICAGO IL 60607
Deborah Leff	director	500 SEVENTH AVENUE, NEW YORK NY 10018
Robert Scherne	officer: Interim CFO and Controller	27 ARBOR ROAD, SYOSSET NY 11791
Ricky Don Roberts	officer: See Remarks	344 GROVE STREET #2 #4018, JERSEY CITY NJ 07302
Ashley Saddul	10 percent owner, officer: Chief Technology Officer	344 GROVE STREET #2 #4018, JERSEY CITY NJ 07302
Tim O'rourke	director	344 GROVE STREET #2 #4018, JERSEY CITY NJ 07302
Elliot M Maza	10 percent owner, officer: CEO and CFO	C/O IMMUNE PHARMACEUTICALS INC., ONE BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142