EDGM (EdgeMode) Effective Interest Rate on Debt % : 4.55% (As of Jun. 2024)

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What is EdgeMode 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. EdgeMode's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.07 Mil. EdgeMode's average total debt for the quarter that ended in Jun. 2024 was $1.58 Mil. Therefore, EdgeMode's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.55%.

EdgeMode Effective Interest Rate on Debt % Historical Data

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

EdgeMode Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

7.36

7.11

24.82

EdgeMode Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									4.46	5.33	78.17	6.10	4.55

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

For the Shell Companies subindustry, EdgeMode'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.

EdgeMode's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, EdgeMode's Effective Interest Rate on Debt % distribution charts can be found below:

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

EdgeMode Effective Interest Rate on Debt % Calculation

EdgeMode'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 * -0.346	/	( (1.215	+	1.573)	/ 2 )
=	-1 * -0.346	/	1.394
=	24.82 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.215
=	1.215

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.573
=	1.573

EdgeMode's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.072	/	( (1.573	+	1.591)	/ 2 )
=	-1 * -0.072	/	1.582
=	4.55 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.573
=	1.573

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.591
=	1.591

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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

EdgeMode (OTCPK:EDGM) Effective Interest Rate on Debt % Explanation

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

EdgeMode Effective Interest Rate on Debt % Related Terms

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EdgeMode Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » EdgeMode Inc (OTCPK:EDGM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 East Broward Boulevard, Suite 1700, Ft. Lauderdale, FL, USA, 33301

Website

https://www.edgemode.io

EdgeMode Inc is a shell company.

Executives

Charles Thomas Faulkner	director, 10 percent owner, officer: CEO and President	350 NORTH ORLEANS STREET, SUITE 9000N, CHICAGO IL 60654
Simon Enrico Wajcenberg	director, 10 percent owner, officer: CFO, Treasurer and Secretary	TIDES, UNIT 204, 176, SOUTH SOUND ROAD, GEORGE TOWN E9 KY1-1105
Christina Dixon	10 percent owner	3858 COUNTY ROAD 308, ELLINGTON MO 63638
Roger L Dixon	10 percent owner	3858 COUNTY ROAD 308, ELLINGTON MO 63638

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