GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » ReAlpha Tech Corp (NAS:AIRE) » Definitions » Effective Interest Rate on Debt %

ReAlpha Tech (ReAlpha Tech) Effective Interest Rate on Debt % : 23.16% (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is ReAlpha Tech 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. ReAlpha Tech's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.04 Mil. ReAlpha Tech's average total debt for the quarter that ended in Mar. 2024 was $0.19 Mil. Therefore, ReAlpha Tech's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 23.16%.

ReAlpha Tech Effective Interest Rate on Debt % Historical Data

The historical data trend for ReAlpha Tech'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.

* Premium members only.

ReAlpha Tech Effective Interest Rate on Debt % Chart

ReAlpha Tech Annual Data
Trend Apr21 Apr22
Effective Interest Rate on Debt %
- 3.83

ReAlpha Tech Quarterly Data
Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only 11.56 4.01 4.18 10.09 23.16

Competitive Comparison of ReAlpha Tech's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, ReAlpha Tech'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.

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

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

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


ReAlpha Tech Effective Interest Rate on Debt % Calculation

ReAlpha Tech's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Apr. 2021 )+Total Debt  (A: Apr. 2022 ))/ count )
=-1  *  -0.177/( (1.008+8.229)/ 2 )
=-1  *  -0.177/4.6185
=3.83 %

where

Total Debt  (A: Apr. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 1.008
=1.008

Total Debt  (A: Apr. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 8.229
=8.229

ReAlpha Tech'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: Oct. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -0.044/( (0.261+0.119)/ 2 )
=-1  *  -0.044/0.19
=23.16 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.247 + 0.014
=0.261

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.119
=0.119

* 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.

ReAlpha Tech  (NAS:AIRE) Effective Interest Rate on Debt % Explanation

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

ReAlpha Tech Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of ReAlpha Tech's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

ReAlpha Tech (ReAlpha Tech) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » ReAlpha Tech Corp (NAS:AIRE) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
COMP RDFN HOUS FRPH RMR MMI NMRK MLP REAX TCI CSGP CBRE XMAD:CLNX BEKE TSE:8830 HKSE:01972 SGX:9CI OSTO:AKEL D HKSE:01997 MIL:INW
Traded in Other Exchanges
Z4U:Germany
Address
6515 Longshore Loop, Suite 100, Dublin, OH, USA, 43017
Website
https://www.realpha.com
ReAlpha Tech Corp is an early-stage company that develops and utilizes its artificial intelligence-focused technology stack to empower retail investor participation in short-term rental properties, which are real estate units listed for a rental term. It offers retail investors the opportunity to participate in short-term rental properties it will acquire by offering interest in each property portfolio. Its revenues primarily consist of short-term rental revenues from the rental of its properties via Airbnb and such digital hospitality platforms. The company has two segments (i) platform services and (ii) rental business. The company generates the majority of its revenue from the Platform services segment.
Executives
Dimitrios Angelis director 100 CANAL POINTE BLVD., SUITE 108, PRINCETON NJ 08540
Giri Devanur director, 10 percent owner, officer: CEO and President 100 CANAL POINTE BLVD., SUITE 108, PRINCETON NJ 08540
Jorge Aldecoa officer: Chief Operating Officer 6515 LONGSHORE LOOP, #100, DUBLIN OH 43017
Michael J. Logozzo officer: Chief Financial Officer 6515 LONGSHORE LOOP, #100, DUBLIN OH 43017
Monaz Karkaria director 6515 LONGSHORE LOOP, #100, DUBLIN OH 43017
Balaji Swaminathan director 6515 LONGSHORE LOOP, #100, DUBLIN OH 43017
Brian D. Cole director 6515 LONGSHORE LOOP, #100, DUBLIN OH 43017