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. MIND Technology's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $0.68 Mil. MIND Technology's average total debt for the quarter that ended in Oct. 2023 was $3.24 Mil. Therefore, MIND Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 20.84%.
MIND Technology Effective Interest Rate on Debt % Historical Data
The historical data trend for MIND Technology'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.
For the Scientific & Technical Instruments subindustry, MIND Technology'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.
MIND Technology Effective Interest Rate on Debt % Distribution
For the Hardware industry and Technology sector, MIND Technology's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where MIND Technology's Effective Interest Rate on Debt % falls into.
MIND Technology Effective Interest Rate on Debt % Calculation
MIND Technology's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2023 is calculated as
* 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 (Oct. 2023) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
MIND Technology (NAS:MIND) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
MIND Technology Effective Interest Rate on Debt % Related Terms
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MIND Technology (MIND Technology) Business Description
MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The Company operates in segments namely, Seamap Marine Products and Klein Marine Products helps manufacture and sell specialized, high-performance sonar and seismic equipment. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; Europe, Russia & CIS; Middle East & Africa; Asia-Pacific; and Canada & Latin America.
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