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Spire Global (Spire Global) Effective Interest Rate on Debt % : 15.20% (As of Dec. 2023)


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What is Spire Global 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. Spire Global's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $20.1 Mil. Spire Global's average total debt for the quarter that ended in Dec. 2023 was $132.1 Mil. Therefore, Spire Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 15.20%.


Spire Global Effective Interest Rate on Debt % Historical Data

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

Spire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
9.00 18.06 17.15 15.71

Spire Global Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 15.44 14.97 14.05 14.07 15.20

Competitive Comparison of Spire Global's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, Spire Global'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.


Spire Global's Effective Interest Rate on Debt % Distribution in the Business Services Industry

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

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



Spire Global Effective Interest Rate on Debt % Calculation

Spire Global'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  *  -19.036/( (111.623+130.698)/ 2 )
=-1  *  -19.036/121.1605
=15.71 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=109.29 + 2.333
=111.623

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=127.192 + 3.506
=130.698

Spire Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -20.084/( (133.596+130.698)/ 2 )
=-1  *  -20.084/132.147
=15.20 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=130.684 + 2.912
=133.596

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=127.192 + 3.506
=130.698

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Spire Global  (NYSE:SPIR) Effective Interest Rate on Debt % Explanation

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


Spire Global Effective Interest Rate on Debt % Related Terms

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Spire Global (Spire Global) Business Description

Industry
Traded in Other Exchanges
Address
8000 Towers Crescent Drive, Suite 1100, Vienna, VA, USA, 22182
Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. The Company generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting.
Executives
Boyd C. Johnson officer: CLO and Corporate Secretary 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
Theresa Condor director, officer: EVP, GM Spire Space Services 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Peter Platzer director, officer: Chief Executive Officer 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Leonardo Basola officer: Chief Financial Officer 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
Thomas Krywe officer: Chief Financial Officer 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Joan Lordi Amble director AMERICAN EXPRESS COMPANY, 200 VESEY STREET, NEW YORK NY 10285
Jack Pearlstein director 2525 NETWORK PLACE, HERNDON VA 20171
Dirk Hoke director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Elizabeth Ananda Martin officer: General Counsel 8000 TOWERS CRESCENT DRIVE, SUITE 1225, VIENNA VA 22182
John F Lusk officer: VP & GM, Global Data Services 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Keith E Johnson officer: VP & General Manager, Federal 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
William Porteous director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
Stephen Messer director 251 RHODE ISLAND STREET, SUITE 204, SAN FRANCISCO CA 94103
William P Crowell other: See Remarks 41343 RASPBERRY DR, LEESBURG VA 20176
Six4 Holdings, Llc other: See Remarks 12020 SUNRISE VALLEY DRIVE, SUITE 100, RESTON VA 20191