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AS-IP Tech (AS-IP Tech) Effective Interest Rate on Debt % : 17.49% (As of Mar. 2023)


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What is AS-IP Tech 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. AS-IP Tech's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $0.31 Mil. AS-IP Tech's average total debt for the quarter that ended in Mar. 2023 was $1.76 Mil. Therefore, AS-IP Tech's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 17.49%.


AS-IP Tech Effective Interest Rate on Debt % Historical Data

The historical data trend for AS-IP Tech'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.

AS-IP Tech Effective Interest Rate on Debt % Chart

AS-IP Tech Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.26 21.37 20.74 38.42 32.07

AS-IP Tech Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 28.19 -14.80 17.79 17.77 17.49

Competitive Comparison of AS-IP Tech's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, AS-IP Tech'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.


AS-IP Tech's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AS-IP Tech's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where AS-IP Tech's Effective Interest Rate on Debt % falls into.



AS-IP Tech Effective Interest Rate on Debt % Calculation

AS-IP Tech's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2021 )+Total Debt  (A: Jun. 2022 ))/ count )
=-1  *  -0.367/( (0.705+1.584)/ 2 )
=-1  *  -0.367/1.1445
=32.07 %

where

Total Debt  (A: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.621 + 0.084
=0.705

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.506 + 0.078
=1.584

AS-IP Tech's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Mar. 2023 ))/ count )
=-1  *  -0.308/( (1.724+1.798)/ 2 )
=-1  *  -0.308/1.761
=17.49 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.64 + 0.084
=1.724

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


AS-IP Tech  (OTCPK:IPTK) Effective Interest Rate on Debt % Explanation

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


AS-IP Tech Effective Interest Rate on Debt % Related Terms

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AS-IP Tech (AS-IP Tech) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1/15 Castles Drive, Torquay, VIC, AUS, 3228
AS-IP Tech Inc is engaged in creating in-flight connectivity systems that utilize Bluetooth Smart technology as a low-cost alternative to the traditionally expensive Wi-Fi platform. The company's technology consists of two products BizjetMobile and fflya. BizjetMobile provides corporate jets with an alternative global inflight connectivity solution and is marketed under the brand names CHiiMP and BizjetInternet. These are mobile apps that deliver optimized inflight text and email for passengers and crew; and fflya provides airlines with an inflight connectivity approach based on the latest mobile app technology, narrowband satellite links, and BlueTooth technology. The fflya platform reduces the installation, certification and equipment costs by up to 90% compared to inflight broadband.
Executives
Richard Lukso director 5610 VIA ARBOLADA, TUCSON AZ 85750
Philip Andrew Shiels director, officer: Chief Financial Officer 88 ELGIN STREET, HAWTHORN C3 3122
Ronald John Chapman director, 10 percent owner, officer: Chief Executive Officer 160 SILVAN ROAD, WATTLE GLEN C3 3096
Graham Owen Chappell director 5 MARINE PARADE, STE 2, ST KILDA, VICTORIA C3 3182
Van Der Griend Eric Paul 10 percent owner 100 BARKLY STREET, ST. KILDA C3 3182

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