GURUFOCUS.COM » STOCK LIST » Technology » Software » Currenc Group Inc (NAS:CURR) » Definitions » Effective Interest Rate on Debt %

CURR (Currenc Group) Effective Interest Rate on Debt % : 16.59% (As of Mar. 2024)


View and export this data going back to 2024. Start your Free Trial

What is Currenc 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. Currenc Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $5.24 Mil. Currenc Group's average total debt for the quarter that ended in Mar. 2024 was $31.61 Mil. Therefore, Currenc Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 16.59%.

Currenc Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Currenc 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.

* Premium members only.

Currenc Group Effective Interest Rate on Debt % Chart

Currenc Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
13.67 39.41 28.82 24.88

Currenc Group Quarterly Data
Dec20 Jun21 Dec21 Jun22 Dec22 Mar23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial - - 20.57 - 16.59

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

For the Software - Application subindustry, Currenc 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.

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

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

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


Currenc Group Effective Interest Rate on Debt % Calculation

Currenc 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  *  -8.003/( (32.385+31.944)/ 2 )
=-1  *  -8.003/32.1645
=24.88 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7.879 + 24.506
=32.385

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.507 + 29.437
=31.944

Currenc 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  *  -5.244/( (31.944+31.284)/ 2 )
=-1  *  -5.244/31.614
=16.59 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.507 + 29.437
=31.944

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.861 + 28.423
=31.284

* 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.

Currenc Group  (NAS:CURR) Effective Interest Rate on Debt % Explanation

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

Currenc Group Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Currenc Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Currenc Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Currenc Group Inc (NAS:CURR) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
Traded in Other Exchanges
N/A
Address
410 North Bridge Road, SPACES City Hall, Singapore, SGP, 188726
Website
Currenc Group Inc is a fintech banking platform for e-wallets, financial institutions and merchants worldwide, delivering frictionless interoperable real-time fund transfers and instant messaging.

Currenc Group Headlines

From GuruFocus

CURRENC Rings Nasdaq Closing Bell in Honor of Listing

By Marketwired • 09-26-2024

CURRENC Rings Nasdaq Closing Bell in Honor of Listing

By GlobeNewswire • 09-26-2024