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CareView Communications (CareView Communications) Effective Interest Rate on Debt % : 12.94% (As of Dec. 2023)


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What is CareView Communications 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. CareView Communications's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $2.72 Mil. CareView Communications's average total debt for the quarter that ended in Dec. 2023 was $21.05 Mil. Therefore, CareView Communications's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.94%.


CareView Communications Effective Interest Rate on Debt % Historical Data

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

CareView Communications 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 12.32 11.01 8.69 7.33 7.43

CareView Communications Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.24 6.36 11.45 15.67 12.94

Competitive Comparison of CareView Communications's Effective Interest Rate on Debt %

For the Health Information Services subindustry, CareView Communications'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.


CareView Communications's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CareView Communications's Effective Interest Rate on Debt % distribution charts can be found below:

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



CareView Communications Effective Interest Rate on Debt % Calculation

CareView Communications'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  *  -3.209/( (65.381+21.027)/ 2 )
=-1  *  -3.209/43.204
=7.43 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.505 + 50.876
=65.381

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.139 + 20.888
=21.027

CareView Communications's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -2.724/( (21.068+21.027)/ 2 )
=-1  *  -2.724/21.0475
=12.94 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.183 + 20.885
=21.068

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.139 + 20.888
=21.027

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


CareView Communications  (OTCPK:CRVW) Effective Interest Rate on Debt % Explanation

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


CareView Communications Effective Interest Rate on Debt % Related Terms

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CareView Communications (CareView Communications) Business Description

Traded in Other Exchanges
N/A
Address
405 State Highway 121 Bypass, Suite B-240, Lewisville, TX, USA, 75067
CareView Communications Inc is a United States-based company engaged in providing products and on-demand application services for the healthcare industry, specializing in bedside video monitoring, software tools to improve hospital communications and operations, and patient education and entertainment packages. It has developed a data network system called CareView System, which is a suite of video monitoring, guest services, and related applications that connect patients, families, and healthcare providers. The company also provides services to increase patient satisfaction scores and enhance the overall image of the hospital, including on-demand movies and video visits.
Executives
James R Higgins director 405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
L. Allen Wheeler director, 10 percent owner 515 GILL FARRELL, DURANT OK 74701
Stephen G Johnson director, 10 percent owner, officer: President and COO 804 TREE HAVEN CT., HIGHLAND VILLAGE TX 75077
Steven B Epstein director
Jon E Freeman officer: Chief Financial Officer 405 STATE HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
David Richard White director 405 STATE HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Jason T Thompson director 405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Sandra K Mcree officer: COO 405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Anthony P Piccin officer: Chief Financial Officer 3704 EVERTON DRIVE, FLOWER MOUND TX 75022
Gerald L Murphy director PO BOX 4696, TULSA OK 74159
Jeffrey C Lightcap director, 10 percent owner 152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Lp director, 10 percent owner 152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Fund Lp director, 10 percent owner Carnegie Hall Tower, 152 West 57th Street, 47th Floor, New York NY 10019
Healthcor Partners Management Gp, Llc director, 10 percent owner 152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Management Lp director, 10 percent owner 701 EAST BAY STREET, SUITE 516, CHARLESTON SC 29403

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