TSS (TSSI) Effective Interest Rate on Debt % : 21.32% (As of Mar. 2024)

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What is TSS 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. TSS's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.91 Mil. TSS's average total debt for the quarter that ended in Mar. 2024 was $4.28 Mil. Therefore, TSS's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 21.32%.

TSS Effective Interest Rate on Debt % Historical Data

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

TSS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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11.45

10.76

7.97

15.04

35.54

TSS 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															9.37	55.00	42.27	34.00	21.32

Competitive Comparison of TSS's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, TSS'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.

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

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

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

TSS Effective Interest Rate on Debt % Calculation

TSS'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 * -1.616	/	( (4.776	+	4.319)	/ 2 )
=	-1 * -1.616	/	4.5475
=	35.54 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.309	+	0.467
=	4.776

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.631	+	0.688
=	4.319

TSS'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 * -0.912	/	( (4.319	+	4.237)	/ 2 )
=	-1 * -0.912	/	4.278
=	21.32 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.631	+	0.688
=	4.319

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.492	+	0.745
=	4.237

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.

TSS (OTCPK:TSSI) Effective Interest Rate on Debt % Explanation

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

TSS Effective Interest Rate on Debt % Related Terms

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TSS (TSSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TSS Inc (OTCPK:TSSI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 East Old Settlers Road, Round Rock, TX, USA, 78664

Website

https://www.totalsitesolutions.com

TSS Inc provides various services for planning, design, development, and maintenance of mission-critical facilities and information infrastructure, as well as integration services. Its services consist of technology consulting, design and engineering, project management, systems integration, systems installation, and facilities management. Its Facilities unit which is involved in the design, project management and maintenance of data center and mission-critical business operations, and Systems Integration unit that integrates IT equipment for Original Equipment Manufacturer vendors and customers to use inside data center environments, including modular data centers. The activities are organized into two segments: facilities, and systems integration. It generates revenue from United States.

Executives

Darryll E Dewan	director, officer: President and CEO	4400 VIA ESPERANZA, SANTA BARBARA CA 93110
Richard M. Metzler	director	1805 WEST AVENUE, AUSTIN TX 78701
Matt Crichton	officer: Sr. V.P., Business Development	101 LOCHINVAR COURT, CARY NC 27511
Kieran Brennan	officer: Sr. V.P., Sales & Marketing	5131 BRIARGROVE LANE, DALLAS TX 75287
Gerard J Gallagher	director, 10 percent owner, officer: President and COO	7226 LEE DEFOREST DRIVE, SUITE 104, COLUMBIA MD 21046
Glen Ikeda	10 percent owner	P.O. BOX 3306, AUBURN CA 95604
Peter H Woodward	director	30 WEST 63RD STREET, SUITE 18G, NEW YORK NY 10023
John K Penver	officer: Interim CFO	3709 HUMBLE COVE, AUSTIN TX 78730
Martin T. Olsen	officer: Exec. VP, Sales & Marketing	2128 W. BRAKER LANE BK12, AUSTIN TX 78758
Thomas P Rosato	director, 10 percent owner, officer: Chief Executive Officer	7226 LEE DEFOREST DRIVE, SUITE 104, COLUMBIA MD 21046
Maura Mcnerney	officer: Chief Financial Officer	7226 LEE DEFOREST DRIVE, SUITE 104, COLUMBIA MD 21046
Ken Schwarz	officer: Chief Financial Officer	14901 BOGLE DRIVE, SUITE 300, CHANTILLY VA 20151
Daniel J Phelps	director	1001 O'BRIEN DRIVE, MENLO PARK CA 94025
Anthony Angelini	director, officer: Chief Executive Officer
Tarsier Nanocap Value Fund, Lp	10 percent owner, other: see footnote #1	C/O HUMMINGBIRD MANAGEMENT, LLC, 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022