iNeedMD Holdings (iNeedMD Holdings) Effective Interest Rate on Debt % : 52.00% (As of Mar. 2016)

View and export this data going back to 2014. Start your Free Trial

What is iNeedMD Holdings 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. iNeedMD Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2016 was $0.10 Mil. iNeedMD Holdings's average total debt for the quarter that ended in Mar. 2016 was $0.20 Mil. Therefore, iNeedMD Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2016 was 52.00%.

iNeedMD Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for iNeedMD Holdings'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.

iNeedMD Holdings Effective Interest Rate on Debt % Chart

iNeedMD Holdings Annual Data

Trend

Nov12

Nov13

Nov14

Dec15

Effective Interest Rate on Debt %

9.50

iNeedMD Holdings Quarterly Data
	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Mar15	Jun15	Sep15	Dec15	Mar16
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										12.74	12.08	10.96	10.23	52.00

Competitive Comparison of iNeedMD Holdings's Effective Interest Rate on Debt %

For the Medical Devices subindustry, iNeedMD Holdings'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.

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

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

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

iNeedMD Holdings Effective Interest Rate on Debt % Calculation

iNeedMD Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2015 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2014 )	+	Total Debt (A: Dec. 2015 ))	/ count )
=	-1 * -0.019	/	( (0	+	0.2)	/ 1 )
=	-1 * -0.019	/	0.2
=	9.50 %

where

	Total Debt (A: Nov. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.2
=	0.2

iNeedMD Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2015 )	+	Total Debt (Q: Mar. 2016 ))	/ count )
=	-1 * -0.104	/	( (0.2	+	0.2)	/ 2 )
=	-1 * -0.104	/	0.2
=	52.00 %

where

	Total Debt (Q: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.2
=	0.2

	Total Debt (Q: Mar. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.2
=	0.2

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. 2016) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

iNeedMD Holdings (GREY:NEMD) Effective Interest Rate on Debt % Explanation

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

iNeedMD Holdings Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of iNeedMD Holdings's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

iNeedMD Holdings (iNeedMD Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iNeedMD Holdings Inc (GREY:NEMD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 First Avenue, Third Floor, New York, NY, USA, 10016

Website

http://www.ineedmd.com

iNeedMD Holdings Inc is a United States of America based medical device development company. The company's products include The EKG Glove and Portable ECG devices. Its product development programs focus on easy-to-use systems for collecting a plurality of diagnostic information and transmitting that data to local and remote locations. The EKG Glove provides healthcare workers with a standardized ECG solution that enables to quickly and accurately assess an individual's cardiac health.

Executives

Thomas Albert Nicolette

director, officer: President and CEO

7 SPRING HOLLOW ROAD, CENTERPORT NY 11721

iNeedMD Holdings (iNeedMD Holdings) Headlines

No Headlines