SatixFy Communications (SatixFy Communications) Effective Interest Rate on Debt % : 22.94% (As of Mar. 2024)

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What is SatixFy Communications 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. SatixFy Communications's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $14.65 Mil. SatixFy Communications's average total debt for the quarter that ended in Mar. 2024 was $63.85 Mil. Therefore, SatixFy Communications's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 22.94%.

SatixFy Communications Effective Interest Rate on Debt % Historical Data

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

SatixFy Communications Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

10.90

22.64

24.79

20.09

SatixFy Communications Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						0.84	14.60	-	-123.93	22.94

Competitive Comparison of SatixFy Communications's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, SatixFy Communications'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.

SatixFy Communications's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

SatixFy Communications Effective Interest Rate on Debt % Calculation

SatixFy Communications'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 * -12.129	/	( (58.227	+	62.498)	/ 2 )
=	-1 * -12.129	/	60.3625
=	20.09 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	57.206	+	1.021
=	58.227

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.859	+	0.639
=	62.498

SatixFy Communications'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 * -14.648	/	( (62.498	+	65.197)	/ 2 )
=	-1 * -14.648	/	63.8475
=	22.94 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.859	+	0.639
=	62.498

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	64.534	+	0.663
=	65.197

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.

SatixFy Communications (AMEX:SATX) Effective Interest Rate on Debt % Explanation

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

SatixFy Communications Effective Interest Rate on Debt % Related Terms

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SatixFy Communications (SatixFy Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SatixFy Communications Ltd (AMEX:SATX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Hamada Street, Rehovot, ISR, 670315

Website

https://www.satixfy.com

SatixFy Communications Ltd develops end-to-end next-generation satellite communications systems, including satellite payloads, user terminals and modems, based on powerful chipsets that it develops in house. Its products include modems that feature Software Defined Radio and Fully Electronically Steered Multi Beam Antennas that support the advanced communications standard DVB-S2X. Geographical presence in U.S, Canada, UK and Other countries. Majority of its company revenue comes from U.S and Canada.