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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. Redfin's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $19.5 Mil. Redfin's average total debt for the quarter that ended in Mar. 2024 was $986.6 Mil. Therefore, Redfin's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.98%.
The historical data trend for Redfin'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.
Redfin Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 5.33 | 4.58 | 0.69 | 0.62 | 0.81 |
Redfin 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 | 0.61 | 0.61 | 0.61 | 1.70 | 1.98 |
For the Real Estate Services subindustry, Redfin'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.
For the Real Estate industry and Real Estate sector, Redfin's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Redfin's Effective Interest Rate on Debt % falls into.
Redfin'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 * -9.524 | / | ( (1347.563 | + | 1009.81) | / 2 ) |
= | -1 * -9.524 | / | 1178.6865 | |||
= | 0.81 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 1115.063 | + | 232.5 |
= | 1347.563 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 842.237 | + | 167.573 |
= | 1009.81 |
Redfin'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 * -19.496 | / | ( (1009.81 | + | 963.36) | / 2 ) |
= | -1 * -19.496 | / | 986.585 | |||
= | 1.98 % |
where
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 842.237 | + | 167.573 |
= | 1009.81 |
Total Debt (Q: Mar. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 792.062 | + | 171.298 |
= | 963.36 |
* 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.
Redfin (NAS:RDFN) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Redfin's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher John Nielsen | officer: Chief Financial Officer | C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101 |
Bridget Frey | officer: Chief Technology Officer | C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101 |
Anna Stevens | officer: Chief Human Resources Officer | 3400 CUMBERLAND BOULEVARD, ATLANTA GA 30339 |
Anthony Ray Kappus | officer: Chief Legal Officer | C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101 |
Christian John Taubman | officer: Chief Product Officer | C/O REDFIN CORPORATION, 1099 STEWART STREET SUITE 600, SEATTLE WA 98101 |
James Slavet | director | C/O DFJ VENTURE CAPITAL, 2882 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025 |
Glenn Kelman | director, officer: See Remarks | 500 SANSOME STREET, SAN FRANCISCO CA 94111 |
David H Lissy | director | C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459 |
Bradley E Singer | director | ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129 |
Mylod Robert J Jr | director | |
Scott Nagel | officer: See Remarks | C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101 |
Adam Wiener | officer: Chief Growth Officer | C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101 |
Selina Tobaccowala | director | C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101 |
Kerry D Chandler | director | 1020 HULL STREET, BALTIMORE MD 21230 |
Robert J Bass | director | C/O GROUPON, INC., 600 WEST CHICAGO AVENUE, SUITE 620, CHICAGO IL 60654 |
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