Ameritek Ventures (Ameritek Ventures) Effective Interest Rate on Debt % : 8.74% (As of Mar. 2024)

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What is Ameritek Ventures 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. Ameritek Ventures's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.17 Mil. Ameritek Ventures's average total debt for the quarter that ended in Mar. 2024 was $1.97 Mil. Therefore, Ameritek Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.74%.

Ameritek Ventures Effective Interest Rate on Debt % Historical Data

The historical data trend for Ameritek Ventures'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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Ameritek Ventures Effective Interest Rate on Debt % Chart

Ameritek Ventures Annual Data

Trend

May11

May12

May13

May14

May15

May16

May17

May18

Dec22

Dec23

Effective Interest Rate on Debt %

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14.71

13.42

9.92

Ameritek Ventures Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.99	8.68	9.40	16.39	8.74

Competitive Comparison of Ameritek Ventures's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Ameritek Ventures'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.

Ameritek Ventures's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ameritek Ventures's Effective Interest Rate on Debt % distribution charts can be found below:

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

Ameritek Ventures Effective Interest Rate on Debt % Calculation

Ameritek Ventures'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 * -0.185	/	( (1.777	+	1.954)	/ 2 )
=	-1 * -0.185	/	1.8655
=	9.92 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.756	+	0.021
=	1.777

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.933	+	0.021
=	1.954

Ameritek Ventures'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 * -0.172	/	( (1.954	+	1.982)	/ 2 )
=	-1 * -0.172	/	1.968
=	8.74 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.933	+	0.021
=	1.954

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.961	+	0.021
=	1.982

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.

Ameritek Ventures (OTCPK:ATVK) Effective Interest Rate on Debt % Explanation

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

Ameritek Ventures Effective Interest Rate on Debt % Related Terms

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Ameritek Ventures (Ameritek Ventures) Business Description

Industry

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Comparable Companies

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Address

401 Ryland Street, Suite 200A, Reno, NV, USA, 89502

Website

https://www.ameritekventures.com

Ameritek Ventures manufactures machinery that is used to manufacture optical fiber preforms. These preforms are then used to produce commercial grade optical fiber. The company's products can be used in the telecommunication industry. Ameritek's equipment provides the preforms that can be used to manufacture fiber optic cables.

Executives

Shaun Passley

officer: Chairman, CEO and CFO

201 W. LAKE ST. 135, CH IL 60606

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