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GBT Technologies (GBT Technologies) Effective Interest Rate on Debt % : 2.01% (As of Mar. 2024)


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What is GBT 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. GBT Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.13 Mil. GBT Technologies's average total debt for the quarter that ended in Mar. 2024 was $6.58 Mil. Therefore, GBT Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.01%.


GBT Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for GBT 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.

* Premium members only.

GBT Technologies Effective Interest Rate on Debt % Chart

GBT Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 131.55 43.00 20.58 15.39 41.96

GBT Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 93.25 25.27 10.36 28.36 2.01

Competitive Comparison of GBT Technologies's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, GBT 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.


GBT Technologies's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, GBT Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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



GBT Technologies Effective Interest Rate on Debt % Calculation

GBT 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  *  -2.905/( (7.004+6.842)/ 2 )
=-1  *  -2.905/6.923
=41.96 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.309 + 6.695
=7.004

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.329 + 6.513
=6.842

GBT Technologies'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  *  -0.132/( (6.842+6.308)/ 2 )
=-1  *  -0.132/6.575
=2.01 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.329 + 6.513
=6.842

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.312 + 5.996
=6.308

* 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.


GBT Technologies  (OTCPK:GTCH) Effective Interest Rate on Debt % Explanation

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


GBT Technologies Effective Interest Rate on Debt % Related Terms

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GBT Technologies (GBT Technologies) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2450 Colorado Avenue, Suite 100E, Santa Monica, CA, USA, 90404
GBT Technologies Inc is engaged in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including wireless mesh network technology platform and fixed solutions, development of an intelligent human body vitals device, prepaid services, asset-tracking IoT, and wireless mesh networks. The Company also offers prepaid cellular phone minutes for both domestic and international carriers. It derives revenue from the provision of IT consulting services; and from the licensing of its technology.
Executives
Douglas Landers Davis officer: CEO C/O GOPHER PROTOCOL,, 2500 BROADWAY,SUITE F-125, SANTA MONICA CA 90404
Mitchell Kirk Tavera director 10 CLUB VIEW LANE, ROLLING HILLS ESTATES CA 90274
Eva Bitter director PACSIRTA UTCA 3., PILISBOROSJENO K5 2097
Ned L Siegel director 600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017
Robert M. Yaspan director 21700 OXNARD STREET, SUITE 1750, WOODLAND HILLS CA 91367
Judit Nagypal director HANS-DOLLGAST STR. 12, MUNICH 2M 80807
Muhammad Khilji director 23832 ROCKFIELD BLVD, UNIT 170, LAKE FOREST CA 92630
Kevin Pickard officer: Chief Financial Officer 28245 AVENUE CROCKER, SUITE 220, VALENCIA CA 91355
Dan Rittman director, 10 percent owner, officer: Chief Technology Officer C/O GOPHER PROTOCOL INC., 23129 CAJALCO ROAD, PERRIS CA 92570
Direct Communications, Inc 10 percent owner 19528 VENTURA BLVD #355, TARZANA CA 91356
Michael Murray director, 10 percent owner, officer: President, CEO & Secretary C/O GOPHER PROTOCOL INC., 23129 CAJALCO ROAD, PERRIS CA 92570
Reko Holdings, Llc 10 percent owner 20154 CHAPTER DR, WOODLAND HILLS CA 91364