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Interactive Strength (Interactive Strength) Effective Interest Rate on Debt % : 53.68% (As of Mar. 2024)


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What is Interactive Strength 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. Interactive Strength's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $8.00 Mil. Interactive Strength's average total debt for the quarter that ended in Mar. 2024 was $14.90 Mil. Therefore, Interactive Strength's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 53.68%.


Interactive Strength Effective Interest Rate on Debt % Historical Data

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

Interactive Strength Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
2.76 11.16 10.27 14.99

Interactive Strength Quarterly Data
Dec20 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 - 61.75 8.84 9.32 53.68

Competitive Comparison of Interactive Strength's Effective Interest Rate on Debt %

For the Personal Services subindustry, Interactive Strength'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.


Interactive Strength's Effective Interest Rate on Debt % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Interactive Strength's Effective Interest Rate on Debt % distribution charts can be found below:

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



Interactive Strength Effective Interest Rate on Debt % Calculation

Interactive Strength'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  *  -1.588/( (11.093+10.089)/ 2 )
=-1  *  -1.588/10.591
=14.99 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.009 + 11.084
=11.093

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.229 + 9.86
=10.089

Interactive Strength'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  *  -8/( (10.089+19.716)/ 2 )
=-1  *  -8/14.9025
=53.68 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.229 + 9.86
=10.089

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.348 + 19.368
=19.716

* 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.


Interactive Strength  (NAS:TRNR) Effective Interest Rate on Debt % Explanation

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


Interactive Strength Effective Interest Rate on Debt % Related Terms

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Interactive Strength (Interactive Strength) Business Description

Traded in Other Exchanges
Address
1005 Congress Avenue, Suite 925 , Texas, Austin, TX, USA, 78701
Interactive Strength Inc provides an integrated home fitness platform that allows its customers to participate in interactive wellness and strength-based training sessions. Its health coaching services encompass guidance and coaching on nutrition, recovery, sleep, and other health and lifestyle categories. It generates revenue from sales of its connected fitness products, membership revenue, and personal training revenue.
Executives
Bradley James Wickens 10 percent owner PUDLICOTE HOUSE, PUDLICOTE LANE, CHIPPING NORTON, OXFORDSHIRE X0 OX7 3HX
Touw Kirsten Bartok director 125 SOUTH WACKER DRIVE, SUITE 300, CHICAGO IL 60606
Investments 1 Block.one 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Lock.one 10 percent owner C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, S. CHURCH ST., GEORGE TOWN, GRAND CAYMAN E9 KY1-1104
Brendan Francis Blumer 10 percent owner C/O BLOCK.ONE, SUITE 4290, 48 MARKET STREET, CAMANA BAY, GRAND CAYMAN E9 KY1-9006
Trent Alexander Ward director, officer: Chief Executive Officer 942 N. LAUREL AVENUE, LOS ANGELES CA 90046
Michael Madigan officer: Principal Financial Officer 370 HOURGLASS LANE, BALDWINSVILLE NY 13027
Deepak Manu Mulchandani director 27660 SKYLARK LANE, SANTA CLARA CA 91350
Stuart Bryan officer: Principal Accounting Officer 22900 ALLEN COURT, SAINT CLAIR SHORES MI 48080
Weaver Aaron Ngoc Dung director 99 OAKLEY STREET, LONDON X0 SW3 5NR
Kokuei Yuan 10 percent owner SUITE 4290, 48 MARKET STREET, CAMANA BAY, GRAND CAYMAN E9 KY1-9006
Andrew Bliss 10 percent owner SUITE 4290, 48 MARKET STREET, CAMANA BAY, GRAND CAYMAN E9 KY1-9006