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Actelis Networks (Actelis Networks) Effective Interest Rate on Debt % : 16.09% (As of Mar. 2024)


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What is Actelis Networks 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. Actelis Networks's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.83 Mil. Actelis Networks's average total debt for the quarter that ended in Mar. 2024 was $5.15 Mil. Therefore, Actelis Networks's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 16.09%.


Actelis Networks Effective Interest Rate on Debt % Historical Data

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

Actelis Networks Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
3.95 7.79 9.77 13.62

Actelis Networks Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 12.75 12.95 13.00 19.96 16.09

Competitive Comparison of Actelis Networks's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Actelis Networks'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.


Actelis Networks's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Actelis Networks's Effective Interest Rate on Debt % distribution charts can be found below:

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



Actelis Networks Effective Interest Rate on Debt % Calculation

Actelis Networks'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  *  -0.766/( (5.86+5.392)/ 2 )
=-1  *  -0.766/5.626
=13.62 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.862 + 0.998
=5.86

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.559 + 1.833
=5.392

Actelis Networks'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  *  -0.828/( (5.392+4.902)/ 2 )
=-1  *  -0.828/5.147
=16.09 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.559 + 1.833
=5.392

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.775 + 2.127
=4.902

* 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.


Actelis Networks  (NAS:ASNS) Effective Interest Rate on Debt % Explanation

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


Actelis Networks Effective Interest Rate on Debt % Related Terms

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Actelis Networks (Actelis Networks) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4039 Clipper Court, Fremont, CA, USA, 94538
Actelis Networks Inc is a networking solutions company with a mission to enable communication for Internet of Things, or IoT, projects, deployed over wide areas such as cities, campuses, airports, military bases, roads, and rail. Its networking solutions use a combination of newly deployed fiber infrastructure and existing copper and coaxial lines to create a cost-effective, secure, and quick-to-deploy network. Its solutions also offer end-to-end network security to protect critical IoT data, utilizing a powerful combination of coding and encryption technologies, applied as required on both new and existing infrastructure within the hybrid-fiber-copper network.
Executives
Michal Winkler-solomon officer: Vice President Marketing C/O ACTELIS NETWORKS, INC., 47800 WESTINGHOUSE DRIVE, FREMONT CA 94539
Bret Harrison officer: Senior VP Sales, Americas 4039 CLIPPER COURT, FREMONT CA 94538
Tuvia Barlev director, officer: CEO and Chairman of the Board C/O ACTELIS NETWORKS, INC., 47800 WESTINGHOUSE DRIVE, FREMONT CA 94539
Israel Niv director C/O ACTELIS NETWORKS, INC., 47800 WESTINGHOUSE DRIVE, FREMONT CA 94539
Naama Halevi-davidov director C/O KALTURA, INC., 250 PARK AVENUE SOUTH, 10TH FLOOR, NEW YORK NY 10003
Yoav Efron officer: Chief Financial Officer C/O ACTELIS NETWORKS, INC., 47800 WESTINGHOUSE DRIVE, FREMONT CA 94539
Jan Ruderman officer: CRO-Americas C/O ACTELIS NETWORKS, INC., 47800 WESTINGHOUSE DRIVE, FREMONT CA 94539
Yaron Altit officer: EVP Sales Intl. C/O ACTELIS NETWORKS, INC., 47800 WESTINGHOUSE DRIVE, FREMONT CA 94539
Noemi Schmayer director C/O ACTELIS NETWORKS, INC., 47800 WESTINGHOUSE DRIVE, FREMONT CA 94539
Joseph Moscovitz director C/O ACTELIS NETWORKS, INC., 47800 WESTINGHOUSE DRIVE, FREMONT CA 94539
Eyal Aharon officer: Vice President R&D C/O ACTELIS NETWORKS, INC., 47800 WESTINGHOUSE DRIVE, FREMONT CA 94539
Elad Domanovitz officer: Chief Technology Officer C/O ACTELIS NETWORKS, INC., 47800 WESTINGHOUSE DRIVE, FREMONT CA 94539
Hemi Kabir officer: Vice President, Operations C/O ACTELIS NETWORKS, INC., 47800 WESTINGHOUSE DRIVE, FREMONT CA 94539
Bruce Hammergren officer: EVP Sales Americas C/O ACTELIS NETWORKS, INC., 47800 WESTINGHOUSE DRIVE, FREMONT CA 94539