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Digital Brand Media & Marketing Group (Digital Brand Media & Marketing Group) Effective Interest Rate on Debt % : 10.70% (As of Feb. 2024)


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What is Digital Brand Media & Marketing Group 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. Digital Brand Media & Marketing Group's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $0.35 Mil. Digital Brand Media & Marketing Group's average total debt for the quarter that ended in Feb. 2024 was $3.29 Mil. Therefore, Digital Brand Media & Marketing Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 10.70%.


Digital Brand Media & Marketing Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Digital Brand Media & Marketing Group'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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Digital Brand Media & Marketing Group Effective Interest Rate on Debt % Chart

Digital Brand Media & Marketing Group Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.36 17.71 15.13 15.46 11.02

Digital Brand Media & Marketing Group Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.27 9.38 11.82 15.77 10.70

Competitive Comparison of Digital Brand Media & Marketing Group's Effective Interest Rate on Debt %

For the Advertising Agencies subindustry, Digital Brand Media & Marketing Group'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.


Digital Brand Media & Marketing Group's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Digital Brand Media & Marketing Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Digital Brand Media & Marketing Group's Effective Interest Rate on Debt % falls into.



Digital Brand Media & Marketing Group Effective Interest Rate on Debt % Calculation

Digital Brand Media & Marketing Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  -0.313/( (2.605+3.076)/ 2 )
=-1  *  -0.313/2.8405
=11.02 %

where

Total Debt  (A: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.034 + 2.571
=2.605

Total Debt  (A: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.027 + 3.049
=3.076

Digital Brand Media & Marketing Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -0.352/( (3.214+3.365)/ 2 )
=-1  *  -0.352/3.2895
=10.70 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.027 + 3.187
=3.214

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.024 + 3.341
=3.365

* 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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Digital Brand Media & Marketing Group  (OTCPK:DBMM) Effective Interest Rate on Debt % Explanation

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


Digital Brand Media & Marketing Group Effective Interest Rate on Debt % Related Terms

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Digital Brand Media & Marketing Group (Digital Brand Media & Marketing Group) Business Description

Traded in Other Exchanges
N/A
Address
845 Third Avenue, 6th Floor, New York, NY, USA, 10022
Digital Brand Media & Marketing Group Inc is involved in the business of crafting, designing, and executing digital marketing strategies across multiple advertising platforms and social media networks for an array of clients to increase return on investment. The company generates revenue through Pay-Per-Click Advertising, Search Engine Marketing, Search Engine Optimization Services, Web Design, Social Media, Digital analytics and Advisory Services. It promotes and sells its services under the brand name of Digital Clarity.
Executives
Linda Perry director 400 EAST 54TH STREET, APT 28E, NEW YORK NY 10022
Reggie James director HOLLYDALE SNOWDENHAM LANE, BRAMLEY, SURRY X0 GU5 0AT

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