BuildDirect.com Technologies (TSXV:BILD) Effective Interest Rate on Debt % : 10.52% (As of Dec. 2023)

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What is BuildDirect.com Technologies 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. BuildDirect.com Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$1.88 Mil. BuildDirect.com Technologies's average total debt for the quarter that ended in Dec. 2023 was C$17.90 Mil. Therefore, BuildDirect.com Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.52%.

BuildDirect.com Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for BuildDirect.com Technologies'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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BuildDirect.com Technologies Effective Interest Rate on Debt % Chart

BuildDirect.com Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

4.16

13.04

14.29

13.60

BuildDirect.com Technologies Quarterly Data
	Jun20	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										14.53	12.95	13.05	17.11	10.52

Competitive Comparison of BuildDirect.com Technologies's Effective Interest Rate on Debt %

For the Internet Content & Information subindustry, BuildDirect.com Technologies'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.

BuildDirect.com Technologies's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, BuildDirect.com Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

BuildDirect.com Technologies Effective Interest Rate on Debt % Calculation

BuildDirect.com Technologies'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 * -2.703	/	( (22.642	+	17.116)	/ 2 )
=	-1 * -2.703	/	19.879
=	13.60 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.222	+	8.42
=	22.642

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.504	+	4.612
=	17.116

BuildDirect.com Technologies'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 * -1.884	/	( (18.687	+	17.116)	/ 2 )
=	-1 * -1.884	/	17.9015
=	10.52 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.662	+	5.025
=	18.687

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.504	+	4.612
=	17.116

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.

BuildDirect.com Technologies (TSXV:BILD) Effective Interest Rate on Debt % Explanation

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

BuildDirect.com Technologies Effective Interest Rate on Debt % Related Terms

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BuildDirect.com Technologies (TSXV:BILD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » BuildDirect.com Technologies Inc (TSXV:BILD) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

BDCTF:USA

Address

200 Granville Street, Suite 90, Vancouver, BC, CAN, V6C 1S4

Website

https://www.builddirect.com

BuildDirect.com Technologies Inc is a marketplace for purchasing and selling building materials online. It has two operating segments, BuildDirect.com and Independent Retailers. The platform connects homeowners and home improvement professionals in North America with suppliers and sellers of quality building materials from around the world, including flooring, tile, decking, and more.

Executives

Milan Roy

Director

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