Desktop Metal (Desktop Metal) Effective Interest Rate on Debt % : 1.77% (As of Dec. 2023)

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What is Desktop Metal 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. Desktop Metal's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $2.5 Mil. Desktop Metal's average total debt for the quarter that ended in Dec. 2023 was $143.6 Mil. Therefore, Desktop Metal's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.77%.

Desktop Metal Effective Interest Rate on Debt % Historical Data

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

Desktop Metal Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

3.64

2.45

72.57

12.90

2.93

Desktop Metal Quarterly Data
	Dec19	Mar20	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												1.04	2.59	3.41	3.91	1.77

Competitive Comparison of Desktop Metal's Effective Interest Rate on Debt %

For the Computer Hardware subindustry, Desktop Metal'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.

Desktop Metal's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Desktop Metal's Effective Interest Rate on Debt % distribution charts can be found below:

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

Desktop Metal Effective Interest Rate on Debt % Calculation

Desktop Metal'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 * -4.099	/	( (136.319	+	143.954)	/ 2 )
=	-1 * -4.099	/	140.1365
=	2.93 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	130.005	+	6.314
=	136.319

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	136.22	+	7.734
=	143.954

Desktop Metal'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 * -2.544	/	( (143.194	+	143.954)	/ 2 )
=	-1 * -2.544	/	143.574
=	1.77 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	136.182	+	7.012
=	143.194

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	136.22	+	7.734
=	143.954

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.

Desktop Metal (NYSE:DM) Effective Interest Rate on Debt % Explanation

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

Desktop Metal Effective Interest Rate on Debt % Related Terms

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Desktop Metal (Desktop Metal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Desktop Metal Inc (NYSE:DM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

844:Germany

Address

63 3rd Avenue, Burlington, MA, USA, 01803

Website

https://www.desktopmetal.com

Desktop Metal Inc manufactures 3D printing to make metal and carbon fiber 3D printing accessible to all engineers, designers, and manufacturers. 3D metal printing helps in the design and development of automotive parts, consumer goods, manufacture of industrial equipment, and design of mechanical systems. The company ships its product to markets in the Americas, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC).

Executives

Farhad Fred Ebrahimi	10 percent owner	191 UNIVERSITY BLVD., #246, DENVER CO 80206
Scott J Dussault	director	C/O DESKTOP METAL, INC., 63 THIRD AVE, BURLINGTON MA 01803
Jason M Cole	officer: CFO & TREASURER	C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803
Ric Fulop	director, officer: Chief Executive Officer	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Thomas Nogueira	officer: CHIEF OPERATING OFFICER	C/O DESKTOP METAL, INC., 63 3RD AVENUE, BURLINGTON MA 01803
Hindery Leo J. Jr.	director, other: See remarks.	C/O HMG, INC., C/O CINE LATINO, INC., 2000 PONCE DE LEON BLVD, SUITE 500, CORAL GABLES FL 33134
Michael M. Jafar	officer: CEO, Desktop Health	17901 VON KARMAN AVENUE, SUITE 150, IRVINE CA 92614
James S Eisenstein	director	C/O AMERICAN TOWER CORP, 116 HUNTINGTON AVE, BOSTON MA 02116
Jeffrey R Immelt	director	GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210
Siblani Ali El	director, officer: CEO of EnvisionTec US, LLC	63 THIRD AVENUE, BURLINGTON MA 01803
James Haley	officer: CFO & Treasurer	63 THIRD AVENUE, BURLINGTON MA 01803
Arjun Aggarwal	officer: Chief Product Officer	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Wen Hsuan Hsieh	director	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803
Forest Baskett	10 percent owner
Bilal Zuberi	director	C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803