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WaveDancer (WaveDancer) Effective Interest Rate on Debt % : 6.38% (As of Mar. 2024)


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What is WaveDancer 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. WaveDancer's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.04 Mil. WaveDancer's average total debt for the quarter that ended in Mar. 2024 was $0.69 Mil. Therefore, WaveDancer's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.38%.


WaveDancer Effective Interest Rate on Debt % Historical Data

The historical data trend for WaveDancer'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.

* Premium members only.

WaveDancer Effective Interest Rate on Debt % Chart

WaveDancer 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 - 0.93 6.19 10.06 11.89

WaveDancer 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 10.51 8.90 5.98 5.49 6.38

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

For the Information Technology Services subindustry, WaveDancer'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.


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

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

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



WaveDancer Effective Interest Rate on Debt % Calculation

WaveDancer'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  *  -0.103/( (0.932+0.8)/ 2 )
=-1  *  -0.103/0.866
=11.89 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.304 + 0.628
=0.932

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.137 + 0.663
=0.8

WaveDancer'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  *  -0.044/( (0.8+0.579)/ 2 )
=-1  *  -0.044/0.6895
=6.38 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.137 + 0.663
=0.8

* 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.


WaveDancer  (NAS:WAVD) Effective Interest Rate on Debt % Explanation

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


WaveDancer Effective Interest Rate on Debt % Related Terms

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WaveDancer (WaveDancer) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » WaveDancer Inc (NAS:WAVD) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
12015 Lee Jackson Memorial Highway, Suite 210, Fairfax, VA, USA, 22033
WaveDancer Inc, formerly Information Analysis Inc is in the business of developing and maintaining information technology systems, modernizing client information systems, and performing professional services to government and commercial organizations. The company has two operating segments: the Tellenger segment provides professional services to government agencies, related to legacy software migration and modernization, developing web-based and mobile device solutions, including dynamic electronic forms development and conversion, and data analytics, and The Blockchain SCM segment is an early-stage business focused on developing, marketing, and selling a SaaS supply chain management platform built on blockchain technology.
Executives
Benoit Gerald James Jr director, officer: CEO %INFORMATION ANALYSIS INCORPORATED, 12015 LEE JACKSON MEMORIAL HWY, STE 210, FAIRFAX VA 22033
Linda L Singh director 3301 BOSTON STREET, BALTIMORE MD 21224
Paul B Becker director C/O INFORMATION ANALYSIS INCORPORATED, 12015 LEE JACKSON MEMORIAL HWY STE 210, FAIRFAX VA 22033
Timothy G Hannon officer: CFO % INFORMATION ANALYSIS INC, STE 210, FAIRFAX VA 22033
Dipaula James C Jr director C/O INFORMATION ANALYSIS INCORPORATED, STE 210, FAIRFAX VA 22033
Donald J Tringali director C/O INFORMATION ANALYSIS INCORPORATED, 11240 WAPLES MILL RD STE 201, FAIRFAX VA 22030
Johnson Jack L Jr director C/O INFORATION ANALYSIS INCORPORATED, 11240 WAPLES MILL RD STE 201, FAIRFAX VA 22030
Sandor Rosenberg director, 10 percent owner, officer: Chief Executive Officer 11240 WAPLES MILL ROAD, SUITE 400, FAIRFAX VA 22030
Matthew T Sands officer: Acting Principal Financial Off C/O INFORMATION ANALYSIS INCORPORATED, 11240 WAPLES MILL RD STE 201, FAIRFAX VA 22030
Joseph Patrick Daly 10 percent owner 497 CIRCLE FREEWAY, CINCINNATI OH 45246
Bonnie K Wachtel director 1101 FOURTEENTH STREET NW, SUITE 800, WASHINGTON DC 20005
Stanley Arthur Reese officer: Chief Operating Officer
Mark T Krial director C/O INFORMATION ANALYSIS INCORPORATED, 11240 WAPLES MILL RD STE 201, FAIRFAX VA 22030
William Henry Pickle director C/O INFORMATION ANALYSIS INCORPORATED, 11240 WAPLES MILL RD, STE 201, FAIRFAX VA 22030
Richard S Derose officer: Chief Financial Officer