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Webstar Technology Group (Webstar Technology Group) Effective Interest Rate on Debt % : 6.37% (As of Mar. 2024)


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What is Webstar Technology Group 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. Webstar Technology Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.08 Mil. Webstar Technology Group's average total debt for the quarter that ended in Mar. 2024 was $1.26 Mil. Therefore, Webstar Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.37%.


Webstar Technology Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Webstar Technology Group'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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Webstar Technology Group Effective Interest Rate on Debt % Chart

Webstar Technology Group Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 2.91 - - 5.42 6.26

Webstar Technology Group 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 7.16 4.53 6.57 6.52 6.37

Competitive Comparison of Webstar Technology Group's Effective Interest Rate on Debt %

For the Software - Application subindustry, Webstar Technology Group'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.


Webstar Technology Group's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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



Webstar Technology Group Effective Interest Rate on Debt % Calculation

Webstar Technology Group'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  *  -0.076/( (1.2+1.229)/ 2 )
=-1  *  -0.076/1.2145
=6.26 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.102 + 0.098
=1.2

Webstar Technology Group'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  *  -0.08/( (1.229+1.284)/ 2 )
=-1  *  -0.08/1.2565
=6.37 %

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.


Webstar Technology Group  (OTCPK:WBSR) Effective Interest Rate on Debt % Explanation

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


Webstar Technology Group Effective Interest Rate on Debt % Related Terms

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Webstar Technology Group (Webstar Technology Group) Business Description

Traded in Other Exchanges
N/A
Address
284 Paseo Reyes, St. Augustine, FL, USA, 32095
Webstar Technology Group Inc is engaged in providing software as a service related to purchased, licensed and in-house created software technology. Its license proprietary software technology solutions include Gigabyte Slayer and Warp-G.
Executives
Kevin Harrington director 14044 ICOT BLVD., CLEARWATER FL 33760
Ron G. Landmann director 4231 WALNUT BEND, JACKSONVILLE FL 32257
Harold E. Hutchins officer: Chief Financial Officer 4231 WALNUT BEND, JACKSONVILLE FL 32257
Don Darrell Roberts officer: Chief Executive Officer 4231 WALNUT BEND, JACKSONVILLE FL 32257
Sanford Rush Simon director 4231 WALNUT BEND, JACKSONVILLE FL 32257
James Raymond Owens director, 10 percent owner, officer: Chief Technology Officer 4231 WALNUT BEND, JACKSONVILLE FL 32257
Michael Allan Hendrickson director 12510, 198 DR NE, WOODINVILLE WA 98077