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Thunder Energies (Thunder Energies) Effective Interest Rate on Debt % : 44.74% (As of Mar. 2024)


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What is Thunder Energies 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. Thunder Energies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.34 Mil. Thunder Energies's average total debt for the quarter that ended in Mar. 2024 was $0.75 Mil. Therefore, Thunder Energies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 44.74%.


Thunder Energies Effective Interest Rate on Debt % Historical Data

The historical data trend for Thunder Energies'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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Thunder Energies Effective Interest Rate on Debt % Chart

Thunder Energies 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 - 176.77 479.89 381.68 231.97

Thunder Energies 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 513.89 18.53 75.61 38.56 44.74

Competitive Comparison of Thunder Energies's Effective Interest Rate on Debt %

For the Asset Management subindustry, Thunder Energies'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.


Thunder Energies's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Thunder Energies's Effective Interest Rate on Debt % distribution charts can be found below:

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



Thunder Energies Effective Interest Rate on Debt % Calculation

Thunder Energies'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  *  -2.699/( (1.576+0.751)/ 2 )
=-1  *  -2.699/1.1635
=231.97 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.008 + 1.568
=1.576

Thunder Energies'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  *  -0.336/( (0.751+0.751)/ 2 )
=-1  *  -0.336/0.751
=44.74 %

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.


Thunder Energies  (OTCPK:TNRG) Effective Interest Rate on Debt % Explanation

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


Thunder Energies Effective Interest Rate on Debt % Related Terms

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Thunder Energies (Thunder Energies) Business Description

Traded in Other Exchanges
N/A
Address
PMB 388, 8570 Stirling Road, Suite 102, Hollywood, FL, USA, 33024
Thunder Energies Corp is engaged in increasing the shareholder value by divesting from its CBD/Hemp retail cannabidiol business model and expanding its investments footprint into the following business sectors to create a diversified portfolio of the following: 1) Diversified cash flowing assets such as fixed-income, 2) Commercial real estate projects that include resorts and associated timeshare and condo developments, 3) Entertainment venues including indoor outdoor water parks, family entertainment centers, adventure parks, 4) Residential real estate projects that include eco-friendly multi-family housing and Precious metal/mineral mining ventures.
Executives
Saveene Corp 10 percent owner 224 DATURA ST. #1015, WEST PALM BEACH FL 33401
Ruggero M Santilli director, 10 percent owner, officer: Chief Executive Officer 35246 US 19 NORTH N.215, PALM HARBOR FL 34684
Brian Keith Buckley 10 percent owner 4637 MURCROSS LN, NEW PORT RICHEY FL 34653
William George Gaines officer: President, COO 1444 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Margaret Haberlin Currey officer: Chief Executive Officer 1444 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Hadronic Technologies Press, Inc. 10 percent owner 35246 US HIGHWAY 19 NORTH, SUITE #215, PALM HARBOR FL 34684
R.m. Santilli Foundation, Inc. 10 percent owner 35246 US HIGHWAY 19 NORTH, SUITE #215, PALM HARBOR FL 34684
Global Beta, Llc 10 percent owner 150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Clean Energies Tech Co. 10 percent owner 35246 US 19 NORTH, SUITE 215, PALM HARBOR FL 34684
Carla Santilli director, 10 percent owner, officer: Secretary, Treasurer 90 EASTWINDS CT., PALM HARBOR FL 34683

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