Stronghold Digital Mining (Stronghold Digital Mining) Effective Interest Rate on Debt % : 15.84% (As of Mar. 2024)

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What is Stronghold Digital Mining 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. Stronghold Digital Mining's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $9.05 Mil. Stronghold Digital Mining's average total debt for the quarter that ended in Mar. 2024 was $57.14 Mil. Therefore, Stronghold Digital Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 15.84%.

Stronghold Digital Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Stronghold Digital Mining'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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Stronghold Digital Mining Effective Interest Rate on Debt % Chart

Stronghold Digital Mining Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

15.77

8.25

13.45

19.69

14.70

Stronghold Digital Mining Quarterly Data
	Dec19	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												13.91	17.14	16.07	16.30	15.84

Competitive Comparison of Stronghold Digital Mining's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Stronghold Digital Mining'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.

Stronghold Digital Mining's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Stronghold Digital Mining's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Stronghold Digital Mining's Effective Interest Rate on Debt % falls into.

Stronghold Digital Mining Effective Interest Rate on Debt % Calculation

Stronghold Digital Mining'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 * -9.846	/	( (76.273	+	57.705)	/ 2 )
=	-1 * -9.846	/	66.989
=	14.70 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58.257	+	18.016
=	76.273

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48.98	+	8.725
=	57.705

Stronghold Digital Mining'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 * -9.052	/	( (57.705	+	56.581)	/ 2 )
=	-1 * -9.052	/	57.143
=	15.84 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48.98	+	8.725
=	57.705

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43.793	+	12.788
=	56.581

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.

Stronghold Digital Mining (NAS:SDIG) Effective Interest Rate on Debt % Explanation

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

Stronghold Digital Mining Effective Interest Rate on Debt % Related Terms

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Stronghold Digital Mining (Stronghold Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Stronghold Digital Mining Inc (NAS:SDIG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

595 Madison Avenue, 28th Floor, New York, NY, USA, 10022

Website

https://www.strongholddigitalmining.com

Stronghold Digital Mining Inc is a vertically integrated crypto asset mining company currently focused on mining Bitcoin. The company has two reporting segments; Energy Operations and Cryptocurrency Operations. It generates maximum revenue from the Cryptocurrency Operations segment.

Executives

Gregory A Beard	director, 10 percent owner, officer: Chief Executive Officer	C/O ATHLON ENERGY INC., 420 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
William B. Spence	director, 10 percent owner	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Matthew J. Smith	director	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Richard J. Shaffer	officer: See Remarks	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Thomas B Doherty	director	411 WAVERLY OAKS RD, WALTHAM MA 02154
Indira Agarwal	director	2828 N. HARWOOD, SUITE 1300, DALLAS TX 75201
Thomas Pacchia	director	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Sarah James	director	PO BOX 500 71 FORT STREET, GRAND CAYMAN E9 KY11106
Trowbridge Thomas R. Iv	director	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Ricardo Larroude	officer: Chief Financial Officer	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Q Power Llc	10 percent owner	2151 LISBON ROAD, KENNERDELL PA 16374