Cyberloq Technologies (Cyberloq Technologies) Effective Interest Rate on Debt % : 165.60% (As of Dec. 2023)

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What is Cyberloq Technologies 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. Cyberloq Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.11 Mil. Cyberloq Technologies's average total debt for the quarter that ended in Dec. 2023 was $0.67 Mil. Therefore, Cyberloq Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 165.60%.

Cyberloq Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Cyberloq Technologies'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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Cyberloq Technologies Effective Interest Rate on Debt % Chart

Cyberloq Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.20

9.31

36.89

130.24

Cyberloq Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															14.75	96.97	147.24	173.28	165.60

Competitive Comparison of Cyberloq Technologies's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Cyberloq Technologies'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.

Cyberloq Technologies's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Cyberloq Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Cyberloq Technologies Effective Interest Rate on Debt % Calculation

Cyberloq Technologies'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 * -0.659	/	( (0.22	+	0.792)	/ 2 )
=	-1 * -0.659	/	0.506
=	130.24 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.03	+	0.19
=	0.22

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.03	+	0.762
=	0.792

Cyberloq Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1.112	/	( (0.551	+	0.792)	/ 2 )
=	-1 * -1.112	/	0.6715
=	165.60 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.03	+	0.521
=	0.551

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.03	+	0.762
=	0.792

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Cyberloq Technologies (OTCPK:CLOQ) Effective Interest Rate on Debt % Explanation

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

Cyberloq Technologies Effective Interest Rate on Debt % Related Terms

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Cyberloq Technologies (Cyberloq Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cyberloq Technologies Inc (OTCPK:CLOQ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

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Traded in Other Exchanges

N/A

Address

4837 Swift Road, Suite 210-1, Sarasota, FL, USA, 34231

Website

https://www.cyberloq.com

Cyberloq Technologies Incis a development-stage technology company engaged in fraud prevention and credit management. The Company offers a proprietary software platform branded as CyberloQ which is a banking fraud prevention technology that is offered to institutional clients in order to combat fraudulent transactions and unauthorized access to customer accounts. The Company also offers a web-based proprietary software platform under the brand name TurnScor which allows customers to monitor and manage their credit from the privacy of their own homes. The Company derives its revenue from development, customization and user fees for the CyberloQ banking fraud technology products, including CyberloQ Vault, and from licensing fees for the TurnScor product.

Executives

Edwin Leon Hurst	director	218 CINDALYN DR., NEW HOLLAND PA 17557
Rex S Schuette	director	101 JULIUS CHAMBERS DRIVE, BLAIRSVILLE GA 30512
Mark Carten	director, officer: Chief Technical Officer	187 QUAKER LANE, NORTH SCITUATE RI 02857
Peter J Vazquez	other: Counsel for ACRT	18 HOOK MOUNTAIN ROAD, SUITE 201, PINE BROOK NJ 07058
Enrico Giordano	director, officer: Secretary & Treasurer	740 S. FEDERAL HIGHWAY, UNIT 606, POMPANO BEACH FL 33062
Christopher S. Jackson	officer: CEO	1915 PLAZA DR., SUITE #202, EAGAN MN 55122