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Sobrfe (Sobrfe) Effective Interest Rate on Debt % : 38.26% (As of Mar. 2024)


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What is Sobrfe 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. Sobrfe's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.93 Mil. Sobrfe's average total debt for the quarter that ended in Mar. 2024 was $2.44 Mil. Therefore, Sobrfe's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 38.26%.


Sobrfe Effective Interest Rate on Debt % Historical Data

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

Sobrfe Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.37 296.18 167.04 157.17 35.76

Sobrfe 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.34 29.60 26.95 28.54 38.26

Competitive Comparison of Sobrfe's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Sobrfe'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.


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

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

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



Sobrfe Effective Interest Rate on Debt % Calculation

Sobrfe'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  *  -0.804/( (1.815+2.682)/ 2 )
=-1  *  -0.804/2.2485
=35.76 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.509 + 0.173
=2.682

Sobrfe'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  *  -0.932/( (2.682+2.19)/ 2 )
=-1  *  -0.932/2.436
=38.26 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.509 + 0.173
=2.682

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.177 + 2.013
=2.19

* 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.


Sobrfe  (NAS:SOBR) Effective Interest Rate on Debt % Explanation

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


Sobrfe Effective Interest Rate on Debt % Related Terms

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Sobrfe (Sobrfe) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sobr Safe Inc (NAS:SOBR) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
Address
6400 South Fiddlers Green Circle, Suite 525, Greenwood Village, CO, USA, 80111
Sobr Safe Inc is engaged in developing alcohol-detecting devices to address the automotive alcohol sensing spectrum. The company has developed an alcohol detection device called SOBR. This device is patented and is used for detecting alcohol in a human system by testing the ethanol content in the perspiration. The company generates revenue through various combinations of software products and services which include the sale of cloud-based software solutions, detection and data collection hardware devices, and cloud-based data reporting and analysis services.
Executives
J. Steven Beabout director C/O STARZ, 8900 LIBERTY CIRCLE, ENGLEWOOD CO 80112
Gerard Wenzel officer: CFO 6400 SOUTH FIDDLERS GREEN CIRCLE, SUITE 525, GREENWOOD VILLAGE CO 80111
Sandy L Shoemaker director 6400 SOUTH FIDDLERS GREEN CIRCLE, SUITE 525, GREENWOOD VILLAGE CO 80111
Michael T Watson officer: CRO & EVP Sales and Marketing 6400 SOUTH FIDDLERS GREEN CIRCLE, SUITE 1400, GREENWOOD VILLAGE CO 80111
Charles Warren Bennington director, officer: Chief Executive Officer 3030 OLD RANCH PARKWAY, SEAL BEACH CA 90740
Gary John Graham director, 10 percent owner 6400 S. FIDDLERS GREEN CIRCLE, SUITE 525, GREENWOOD VILLAGE CO 80111
Ford Byron Fay director 9879 CLAIRTON CT., HIGHLAND RANCH CO 80126
David Joseph Gandini director, officer: Chief Revenue Officer 39 FALLON HILLS DRIVE, HIGHLANDS RANCH CO 80126
Kevin D Moore director, officer: Chief Executive Officer 730 15TH STREET, BOULDER CO 80302
Michael A. Lanphere 10 percent owner, officer: V.P. of Legal Affairs 8 PLUMERIA, IRVINE CA 92620
Gadasalli Subramanya Satyanarayana director, 10 percent owner 683 E. BROKAW RD., SAN JOSE CA 95112
Devadatt M Mishal director 8500 FLORENCE AVE. E., DOWNEY CA 90241
Nicholas Limer director, 10 percent owner, officer: Secretary 3030 OLD RANCH PARKWAY, SEAL BEACH CA 90740
Ronald Louis Williams director, officer: Chief Technology Officer 3030 OLD RANCH PARKWAY, SEAL BEACH CA 90740
Munn Harlan B Iii director 5758 SINGLETREE LANE, PARKER CO 80134