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Mobiquity Technologies (Mobiquity Technologies) Effective Interest Rate on Debt % : 70.26% (As of Mar. 2024)


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What is Mobiquity 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. Mobiquity Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.23 Mil. Mobiquity Technologies's average total debt for the quarter that ended in Mar. 2024 was $0.32 Mil. Therefore, Mobiquity Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 70.26%.


Mobiquity Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Mobiquity 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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Mobiquity Technologies Effective Interest Rate on Debt % Chart

Mobiquity 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 22.94 23.00 43.80 9.30 484.01

Mobiquity 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 354.79 230.12 - 68.64 70.26

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

For the Advertising Agencies subindustry, Mobiquity 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.


Mobiquity Technologies's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Mobiquity Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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



Mobiquity Technologies Effective Interest Rate on Debt % Calculation

Mobiquity 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  *  -0.772/( (0.15+0.169)/ 2 )
=-1  *  -0.772/0.1595
=484.01 %

where

Mobiquity 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  *  -0.228/( (0.169+0.48)/ 2 )
=-1  *  -0.228/0.3245
=70.26 %

where

* 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.


Mobiquity Technologies  (OTCPK:MOBQ) Effective Interest Rate on Debt % Explanation

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


Mobiquity Technologies Effective Interest Rate on Debt % Related Terms

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Mobiquity Technologies (Mobiquity Technologies) Business Description

Traded in Other Exchanges
N/A
Address
35 Torrington Lane, Shoreham, New York, NY, USA, 11786
Mobiquity Technologies Inc through its subsidiaries provides Advertising, Data Licensing, Footfall Reporting, Attribution Reporting, Real Estate Planning, Financial Forecasting and Custom Research services. The company generates revenue from the sale of service.
Executives
Stuart Byron Booker director 505 LARIAT LANE, HENDERSON NV 89014
Nate Knight director C/O MORSE & MORSE, PLLC, 1400 OLD COUNTRY ROAD, SUITE 302, WESTBURY NY 11590
Anne Schmidt Provost director C/O MOBIQUITY TECHNOLOGIES, 35 TORRINGTON LANE, SHOREHAM NY 11786
Barrett Don Walker Iii officer: Chief Oper. & Strategy Officer 143 VARICK STREET, NEW YORK NY 10013
Michael A. Wright director 445 SOUTH STREET, MORRISTOWN NJ 07960
Peter L. Zurkow director 6 RECTORY LANE, SCARSDALE NY 10583
Gene Salkind director, 10 percent owner 1165 WRACK ROAD, MEADOWBROOK PA 19046
Thomas M Arnost director 457 ROCKAWAY AVE, VALLEY STREAM NY 11581
Anthony Iacovone director 35 TORRINGTON LANE, SHOREHAM NY 11786
Deepankar Katyal director 35 TORRINGTON LANE, SHOREHAM NY 11786
Paul Bauersfeld officer: Chief Technology Officer 600 OLD COUNTRY ROAD, STE. 541, GARDEN CITY NY 11530
Robert F Hussey director 350 7TH AVENUE, 2ND FLOOR, NEW YORK NY 10001
Clyde J Berg 10 percent owner C/O BERG & BERG DEVELOPERS, 10050 BANDLEY DR, CUPERTINO CA 95014
Sean Trepeta director, officer: President of Mobiquity 457 ROCKAWAY AVE, VALLEY STREAM NY 11581
Domenico Iannucci 10 percent owner ONE WINDSOR DR, MUTTONTOWN NY 11753