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CirTran (CirTran) Effective Interest Rate on Debt % : 22.91% (As of Mar. 2024)


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What is CirTran 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. CirTran's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.74 Mil. CirTran's average total debt for the quarter that ended in Mar. 2024 was $3.23 Mil. Therefore, CirTran's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 22.91%.


CirTran Effective Interest Rate on Debt % Historical Data

The historical data trend for CirTran'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.

* Premium members only.

CirTran Effective Interest Rate on Debt % Chart

CirTran Annual Data
Trend Dec11 Dec12 Dec13 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.75 21.82 20.63 22.22 24.11

CirTran Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.14 23.53 23.99 25.62 22.91

Competitive Comparison of CirTran's Effective Interest Rate on Debt %

For the Conglomerates subindustry, CirTran'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.


CirTran's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, CirTran's Effective Interest Rate on Debt % distribution charts can be found below:

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



CirTran Effective Interest Rate on Debt % Calculation

CirTran'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  *  -0.769/( (3.16+3.219)/ 2 )
=-1  *  -0.769/3.1895
=24.11 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.624 + 0.536
=3.16

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.713 + 0.506
=3.219

CirTran'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  *  -0.74/( (3.219+3.241)/ 2 )
=-1  *  -0.74/3.23
=22.91 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.713 + 0.506
=3.219

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.735 + 0.506
=3.241

* 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.


CirTran  (OTCPK:CIRX) Effective Interest Rate on Debt % Explanation

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


CirTran Effective Interest Rate on Debt % Related Terms

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CirTran (CirTran) Business Description

Industry
Traded in Other Exchanges
N/A
Address
6360 S Pecos Road, Suite 8, Las Vegas, NV, USA, 89120
CirTran Corp offers diversified expertise in manufacturing, marketing, distribution, and technology services in a wide variety of consumer products, including tobacco products, and medical devices. The company operates under the brand name-HUSTLER and it sells products like condoms, electronic cigarettes, electronic cigars, cigars, hookahs, hookah tobacco, energy drinks, water beverages etc.
Executives
Shaher Hawatmeh officer: Chief Operating Officer 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
David Harmon officer: CHIEF FINANCIAL OFFICER 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
Donald L Buehner director 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
Trevor Saliba director, officer: Chief Marketing Officer 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
Fadi Nora director 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
Iehab J Hawatmeh director, officer: President & CEO 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
Raed Hawatmeh director 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128
Richard T Ferrone officer: CFO 4125 SOUTH 6000 WEST, WEST VALLEY CITY UT 84128

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