SpringBig Holdings (SpringBig Holdings) Effective Interest Rate on Debt % : 46.59% (As of Mar. 2024)

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What is SpringBig Holdings 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. SpringBig Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $3.50 Mil. SpringBig Holdings's average total debt for the quarter that ended in Mar. 2024 was $7.51 Mil. Therefore, SpringBig Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 46.59%.

SpringBig Holdings Effective Interest Rate on Debt % Historical Data

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

SpringBig Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

10.49

32.73

SpringBig Holdings Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									18.65	19.94	30.95	92.61	46.59

Competitive Comparison of SpringBig Holdings's Effective Interest Rate on Debt %

For the Software - Application subindustry, SpringBig Holdings'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.

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

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

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

SpringBig Holdings Effective Interest Rate on Debt % Calculation

SpringBig Holdings'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 * -2.247	/	( (9.046	+	4.684)	/ 2 )
=	-1 * -2.247	/	6.865
=	32.73 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.13	+	5.916
=	9.046

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.225	+	4.459
=	4.684

SpringBig Holdings'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 * -3.5	/	( (4.684	+	10.342)	/ 2 )
=	-1 * -3.5	/	7.513
=	46.59 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.225	+	4.459
=	4.684

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.013	+	0.329
=	10.342

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.

SpringBig Holdings (OTCPK:SBIG) Effective Interest Rate on Debt % Explanation

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

SpringBig Holdings Effective Interest Rate on Debt % Related Terms

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SpringBig Holdings (SpringBig Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SpringBig Holdings Inc (OTCPK:SBIG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

621 North West 53rd Street, Suite 250, Boca Raton, FL, USA, 33487

Website

https://www.springbig.com

SpringBig Holdings Inc is a software platform providing customer loyalty and marketing automation solutions to cannabis retailers and brands in the U.S. and Canada. The company's platform connects consumers with retailers and brands, through SMS marketing, emails, customer feedback system, and loyalty programs, to support retailers' and brands' customer engagement and retention.

Executives

Paul Sykes	officer: Chief Financial Officer	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Jeffrey Todd Harris	director, 10 percent owner, officer: Chief Executive Officer	621 NW 53RD STREET, SUITE 260, BOCA RATON FL 33487
Steven E Bernstein	director	C/O SBA COMMUNICATIONS CORP, ONE TOWN CENTER ROAD - THIRD FLOOR, BOCO RATON FL 83486
Jonathan Trauben	director	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Patricia Glassford	director	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Philip Schwarz	director	C/O CORAZON CAPITAL, 1322 WEST HENDERSON STREET, CHICAGO IL 60657
Tuatara Capital Fund Ii, L.p.	10 percent owner	12 EAST 44TH STREET, 8FL, NEW YORK NY 10017
Medici Holdings V, Inc.	10 percent owner	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Amanda Lannert	director	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Navin Anand	officer: Chief Technology Officer	621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487
Tcac Sponsor, Llc	10 percent owner	TUATARA CAPITAL, L.P., 655 THIRD AVENUE, 8TH FL, NEW YORK NY 10017
Mark Zittman	director, officer: Chief Operating Officer	TUATARA CAPITAL, L.P., 655 THIRD AVENUE, 8TH FL, NEW YORK NY 10017
Sergey Sherman	officer: Chief Financial Officer	TUATARA CAPITAL, L.P., 655 THIRD AVENUE, 8TH FL, NEW YORK NY 10017
Albert John Foreman	director, officer: Chief Executive Officer	TUATARA CAPITAL, L.P., 655 THIRD AVENUE, 8TH FL, NEW YORK NY 10017
Aris Kekedjian	director	655 THIRD AVENUE, 8TH FLOOR, 10017 NY 10017