BTQ Technologies (NEOE:BTQ) Effective Interest Rate on Debt % : 281.48% (As of Sep. 2023)

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What is BTQ 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. BTQ Technologies's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.15 Mil. BTQ Technologies's average total debt for the quarter that ended in Sep. 2023 was C$0.05 Mil. Therefore, BTQ Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 281.48%.

BTQ Technologies Effective Interest Rate on Debt % Historical Data

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

BTQ Technologies Annual Data

Trend

Dec21

Jan22

Effective Interest Rate on Debt %

BTQ Technologies Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Jan23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	-	-	281.48

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

For the Software - Infrastructure subindustry, BTQ 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.

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

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

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

BTQ Technologies Effective Interest Rate on Debt % Calculation

BTQ Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Jan. 2022 ))	/ count )
=	-1 * 0	/	( (0.336	+	0)	/ 1 )
=	-1 * 0	/	0.336
=	0.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.316	+	0.02
=	0.336

	Total Debt (A: Jan. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.152	/	( (0	+	0.054)	/ 1 )
=	-1 * -0.152	/	0.054
=	281.48 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.054
=	0.054

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

BTQ Technologies (NEOE:BTQ) Effective Interest Rate on Debt % Explanation

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

BTQ Technologies Effective Interest Rate on Debt % Related Terms

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BTQ Technologies (NEOE:BTQ) Business Description

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BTQQF:USA NG3:Germany

Address

700 West Georgia Street, 25th Floor, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.btq.li

BTQ Technologies Corp is home to a diverse team of builders with a shared interest in post-quantum technology. Its products include PQScale, Keelung, Kenting, and Qbyte. PQScale is a novel scaling technique for post-quantum cryptographic primitives. PQScale achieves transaction speed and cost savings by leveraging zero-knowledge proofs for transaction processing. Keelung is a Zero-Knowledge Toolkit for Fast, Private, and Secure Applications. Kenting has accelerated hardware devices for a variety of post-quantum cryptographic primitives. Kenting provides acceleration for NIST-compliant post-quantum cryptography, post-quantum zk-SNARKs, and eco-friendly mining hardware. Qbyte is a Quantum risk Calculator.