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Sprout Social (Sprout Social) Effective Interest Rate on Debt % : 6.10% (As of Mar. 2024)


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What is Sprout Social 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. Sprout Social's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $4.2 Mil. Sprout Social's average total debt for the quarter that ended in Mar. 2024 was $68.5 Mil. Therefore, Sprout Social's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.10%.


Sprout Social Effective Interest Rate on Debt % Historical Data

The historical data trend for Sprout Social'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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Sprout Social Effective Interest Rate on Debt % Chart

Sprout Social Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 1.32 1.58 1.21 0.67 5.75

Sprout Social 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 0.52 0.68 8.02 7.33 6.10

Competitive Comparison of Sprout Social's Effective Interest Rate on Debt %

For the Software - Application subindustry, Sprout Social'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.


Sprout Social's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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



Sprout Social Effective Interest Rate on Debt % Calculation

Sprout Social'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  *  -2.754/( (21.786+74.031)/ 2 )
=-1  *  -2.754/47.9085
=5.75 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=18.287 + 3.499
=21.786

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=70.083 + 3.948
=74.031

Sprout Social'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  *  -4.184/( (74.031+63.056)/ 2 )
=-1  *  -4.184/68.5435
=6.10 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=70.083 + 3.948
=74.031

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=59.085 + 3.971
=63.056

* 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.


Sprout Social  (NAS:SPT) Effective Interest Rate on Debt % Explanation

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


Sprout Social Effective Interest Rate on Debt % Related Terms

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Sprout Social (Sprout Social) Business Description

Industry
Traded in Other Exchanges
Address
131 South Dearborn Street, Suite 700, Chicago, IL, USA, 60603
Sprout Social Inc develops a cloud software that brings together social messaging, data and workflows in a unified system of record, intelligence, and action. The firm generates majority revenue from software subscriptions.
Executives
Justyn Russell Howard director, 10 percent owner, officer: Chairman and CEO C/O SPROUT SOCIAL, INC., 131 SOUTH DEARBORN STREET, SUITE 700, CHICAGO IL 60603
Ryan Paul Barretto officer: President C/O SPROUT SOCIAL, INC., 131 SOUTH DEARBORN AVENUE, SUITE 700, CHICAGO IL 60603
Rankin Aaron Edward Frederick director, 10 percent owner, officer: Chief Technology Officer C/O SPROUT SOCIAL, INC., 131 SOUTH DEARBORN STREET, SUITE 700, CHICAGO IL 60603
Preto Joseph Del officer: CFO and Treasurer 600 WEST CHICAGO AVENUE, SUITE 850, CHICAGO IL 60610
Karen Walker director 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Raina Moskowitz director 117 ADAMS STREET, C/O ETSY,INC., BROOKLYN NY 11201
William Thomas Stanley director 131 S DEARBORN ST, STE 700, CHICAGO IL 60603
Steven A Collins director 20 N. MERIDIAN STREET, SUITE 200, INDIANAPOLIS IN 46204
Jamie Cannon Gilpin officer: Chief Marketing Officer C/O SPROUT SOCIAL, INC., 131 SOUTH DEARBORN STREET, SUITE 700, CHICAGO IL 60603
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Jason Kreuziger director C/O SPROUT SOCIAL, INC., 131 SOUTH DEARBORN STREET, SUITE 700, CHICAGO IL 60603
Gs Fund Holdings, L.l.c. 10 percent owner 200 WEST STREET, NEW YORK NY 10282
New Enterprise Associates 13 Lp 10 percent owner 1119 ST PAUL STREET, BALTIMORE MD 21202
Mbd Advisors, L.l.c. 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Bridge Street Opportunity Advisors, L.l.c. 10 percent owner 200 WEST STREET, NEW YORK NY 10282