GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Sidus Space Inc (NAS:SIDU) » Definitions » Effective Interest Rate on Debt %

Sidus Space (Sidus Space) Effective Interest Rate on Debt % : 14.42% (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Sidus Space 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. Sidus Space's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.62 Mil. Sidus Space's average total debt for the quarter that ended in Mar. 2024 was $4.27 Mil. Therefore, Sidus Space's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 14.42%.


Sidus Space Effective Interest Rate on Debt % Historical Data

The historical data trend for Sidus Space'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.

* Premium members only.

Sidus Space Effective Interest Rate on Debt % Chart

Sidus Space Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
0.54 0.24 1.58 23.84 20.68

Sidus Space Quarterly Data
Dec19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.71 28.10 29.56 19.79 14.42

Competitive Comparison of Sidus Space's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Sidus Space'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.


Sidus Space's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Sidus Space's Effective Interest Rate on Debt % distribution charts can be found below:

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



Sidus Space Effective Interest Rate on Debt % Calculation

Sidus Space'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  *  -0.747/( (2.408+4.818)/ 2 )
=-1  *  -0.747/3.613
=20.68 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.063 + 2.345
=2.408

Sidus Space'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  *  -0.616/( (4.818+3.724)/ 2 )
=-1  *  -0.616/4.271
=14.42 %

where

* 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.


Sidus Space  (NAS:SIDU) Effective Interest Rate on Debt % Explanation

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


Sidus Space Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Sidus Space's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sidus Space (Sidus Space) Business Description

Industry
Traded in Other Exchanges
N/A
Address
150 N. Sykes Creek Parkway, Suite 200, Merritt Island, FL, USA, 32953
Sidus Space Inc is a Space and Defense as-a-Service company focused on providing complex space hardware, satellite/spacecraft design, manufacture, launch, and data solutions for both government and commercial in-space missions for all destinations through the solar system. This includes a Space-based infrastructure of multi-mission satellites with hyperspectral, multi-spectral and other sensors to provide monitoring services and solutions to multiple sectors and industries. The company supports Commercial Space, Aerospace, Defense, Underwater Marine and other commercial and government customers.
Executives
Carol Marlene Craig director, 10 percent owner, officer: CEO 150 N. SYKES CREEK PKWY, SUITE 200, MERRITT ISLAND FL 32953
Leonardo Riera director 18688 SEA TURTLE LANE, BOCA RATON FL 33498
Miguel Valero director 150 N. SYKES CREEK PARKWAY, SUITE 200, MERRITT ISLAND FL 32953
Oliver John Cole director 150 N. SYKES CREEK PARKWAY, SUITE 200, MERRITT ISLAND FL 32943
Dana S Kilborne director 102 WEST BAKER STREET, PLANT CITY FL 33563
Scott J Silverman officer: Chief Financial Officer 1825 PONCE DE LEON BLVD., SUITE 411, CORAL GABLES FL 33134