Oventus Medical (ASX:OVN) Effective Interest Rate on Debt % : 7.33% (As of Dec. 2021)

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What is Oventus Medical 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. Oventus Medical's annualized positive value of Interest Expense for the quarter that ended in Dec. 2021 was A$0.04 Mil. Oventus Medical's average total debt for the quarter that ended in Dec. 2021 was A$0.49 Mil. Therefore, Oventus Medical's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 was 7.33%.

Oventus Medical Effective Interest Rate on Debt % Historical Data

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

Oventus Medical Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Effective Interest Rate on Debt %

10.87

10.60

Oventus Medical Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						5.26	5.00	7.65	6.14	7.33

Competitive Comparison of Oventus Medical's Effective Interest Rate on Debt %

For the Medical Devices subindustry, Oventus Medical'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.

Oventus Medical's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Oventus Medical's Effective Interest Rate on Debt % distribution charts can be found below:

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

Oventus Medical Effective Interest Rate on Debt % Calculation

Oventus Medical's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2020 )	+	Total Debt (A: Jun. 2021 ))	/ count )
=	-1 * -0.031	/	( (0.046	+	0.539)	/ 2 )
=	-1 * -0.031	/	0.2925
=	10.60 %

where

	Total Debt (A: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.046
=	0.046

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.32	+	0.219
=	0.539

Oventus Medical's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2021 )	+	Total Debt (Q: Dec. 2021 ))	/ count )
=	-1 * -0.036	/	( (0.539	+	0.443)	/ 2 )
=	-1 * -0.036	/	0.491
=	7.33 %

where

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.32	+	0.219
=	0.539

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.24	+	0.203
=	0.443

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 two times the semi-annual (Dec. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Oventus Medical (ASX:OVN) Effective Interest Rate on Debt % Explanation

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

Oventus Medical Effective Interest Rate on Debt % Related Terms

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Oventus Medical (ASX:OVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Oventus Medical Ltd (ASX:OVN) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

1 Swann Road, Suite 1, PO Box 190, Indooroopilly, Brisbane, QLD, AUS, 4068

Website

https://www.o2vent.com

Oventus Medical Ltd is a medical device company. It is engaged in developing an oral appliance for the treatment of sleep apnoea and snoring. Its product includes O2Vent Optima . It offers oral appliance therapy, especially beneficial for the many people that suffer from nasal congestion, obstruction, and mouth breathing. The firm has two operating segments: Australia and North America.

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