Tiderock (Tiderock) Effective Interest Rate on Debt % : 6.17% (As of Sep. 2023)

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What is Tiderock 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. Tiderock's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.06 Mil. Tiderock's average total debt for the quarter that ended in Sep. 2023 was $1.04 Mil. Therefore, Tiderock's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.17%.

Tiderock Effective Interest Rate on Debt % Historical Data

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

Tiderock Annual Data

Trend

Effective Interest Rate on Debt %

Tiderock Quarterly Data
	Sep22	Sep23
Effective Interest Rate on Debt %	-	6.17

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

For the Real Estate - Diversified subindustry, Tiderock'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.

Tiderock's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tiderock's Effective Interest Rate on Debt % distribution charts can be found below:

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

Tiderock Effective Interest Rate on Debt % Calculation

Tiderock's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.064	/	( (0	+	1.037)	/ 1 )
=	-1 * -0.064	/	1.037
=	6.17 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.014	+	1.023
=	1.037

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

Tiderock (OTCPK:TDRK) Effective Interest Rate on Debt % Explanation

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

Tiderock Effective Interest Rate on Debt % Related Terms

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Tiderock (Tiderock) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tiderock Companies Inc (OTCPK:TDRK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2654 W. Horizon Ridge Parkway, Suite B5-58, Henderson, NV, USA, 89052

Website

https://www.tiderockcompanies.com

Tiderock Companies Inc is a real estate investment, advisory services, and development company. Its projects include University Center at Rock Hill, South Carolina, and Rowan Boulevard in Glassboro, New Jersey among others.

Executives

Gregory Leigh Lyons	director, officer: Chief Executive Officer	6932 HOLEMAN, BIRCH BAY WA 98230
Omar M Hayes	director, officer: Chief Operating Officer	1200 SMITH STREET, SUITE 1600, HOUSTON TX 77002