What does debt instrument - effective interest rate mean?

This is the actual interest rate paid on debt, accounting for the amortization of premiums, discounts, and issuance costs over the life of the instrument. It serves as a key indicator of the company's cost of capital and creditworthiness in the debt markets. A lower effective rate generally suggests stronger financial health or favorable market conditions.

Siebert Financial SIEB Debt Instrument - Effective Interest Rate

Debt Instrument - Effective Interest Rate at other companies

Heritage FinancialHFWA

5.5%-0.6pp

The Marygold CompaniesMGLD

41.3%0.0pp

Nakamoto, Inc. NAKA

8%—

Siebert FinancialSIEB

8%—

Hooker Furnishings CorporationHOFT

0.3%0.0pp

BRI

Bridgford FoodsBRID

3.7%0.0pp

Other financials

Income statement

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Revenue$23.5M-18.8%

Operating income-$2.9M-127%

Net income-$2.0M-123%

EPS (diluted)-$0.05-123%

Balance sheet

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Cash & equivalents$130.1M+21.5%

Total debt$7.2M+7.6%

Total equity$88.1M-5.6%

Total assets$597.1M+11.8%

Cash flow

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Operating cash flow-$26.1M+24.2%

CapEx$67.0K+6.3%

Free cash flow-$26.2M+24.2%

Valuation

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Market cap$67.55M-63.1%

Enterprise value-$55.33M-158%

P/S0.8×-1.4×

Profitability

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Operating margin9.7%—

Net margin-5.7%-25.5pp

FCF margin20.3%—

Returns & leverage

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Return on equity-5.6%-27.5pp

Debt / equity0.1×0.0×

Current ratio1.1×0.0×

Where this comes from

Reported directly by Siebert Financial in its filing.

Tagged under the XBRL concept us-gaap:LongTermDebtPercentageBearingFixedInterestRate.

The official record: Siebert Financial’s 10-K, filed May 10, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Siebert Financial's debt instrument - effective interest rate?: Siebert Financial (SIEB) reported debt instrument - effective interest rate of 8% in Q2 2023.
What does debt instrument - effective interest rate mean?: This is the actual interest rate paid on debt, accounting for the amortization of premiums, discounts, and issuance costs over the life of the instrument. It serves as a key indicator of the company's cost of capital and creditworthiness in the debt markets. A lower effective rate generally suggests stronger financial health or favorable market conditions.