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Surf Air Mobility (Surf Air Mobility) Effective Interest Rate on Debt % : 14.16% (As of Mar. 2024)


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What is Surf Air Mobility 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. Surf Air Mobility's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $6.68 Mil. Surf Air Mobility's average total debt for the quarter that ended in Mar. 2024 was $47.19 Mil. Therefore, Surf Air Mobility's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 14.16%.


Surf Air Mobility Effective Interest Rate on Debt % Historical Data

The historical data trend for Surf Air Mobility'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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Surf Air Mobility Effective Interest Rate on Debt % Chart

Surf Air Mobility Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
7.68 9.76 2.22 7.64

Surf Air Mobility Quarterly Data
Dec20 Jun21 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 1.86 5.33 8.84 11.09 14.16

Competitive Comparison of Surf Air Mobility's Effective Interest Rate on Debt %

For the Airlines subindustry, Surf Air Mobility'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.


Surf Air Mobility's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Surf Air Mobility's Effective Interest Rate on Debt % distribution charts can be found below:

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



Surf Air Mobility Effective Interest Rate on Debt % Calculation

Surf Air Mobility'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  *  -2.969/( (30.245+47.449)/ 2 )
=-1  *  -2.969/38.847
=7.64 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.394 + 16.851
=30.245

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27.261 + 20.188
=47.449

Surf Air Mobility'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  *  -6.684/( (47.449+46.927)/ 2 )
=-1  *  -6.684/47.188
=14.16 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27.261 + 20.188
=47.449

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.794 + 21.133
=46.927

* 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.


Surf Air Mobility  (NYSE:SRFM) Effective Interest Rate on Debt % Explanation

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


Surf Air Mobility Effective Interest Rate on Debt % Related Terms

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Surf Air Mobility (Surf Air Mobility) Business Description

Industry
Traded in Other Exchanges
N/A
Address
12111 S. Crenshaw Boulevard, Hawthorne, California 90250, Hawthorne, CA, USA, 90250
Surf Air Mobility Inc provides a regional air mobility platform with scheduled routes and on demand charter flights operated by third-party Part 135 charter operators. It generates revenue through the sale of membership products, non-member single seats, or flight products for both scheduled and on-demand flights.
Executives
Edward A. Mady director 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Bruce L. Hack director 6060 CENTER DRIVE, 5TH FLOOR, LOS ANGELES CA 90045
Carl A Albert director C/O BOISE INC., 1111 WEST JEFFERSON STREET, SUITE 200, BOISE ID 83702-5388
John J. D'agostino director 201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Tyler Painter director C/O SURF AIR MOBILITY, 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Sudhin Shahani director 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Deanna Leigh White officer: Chief Financial Officer 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Tyrone D. Bland director 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250
Robert S. Little director, officer: Chief Executive Officer 12111 S. CRENSHAW BLVD., HAWTHORNE CA 90250

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