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Quantum Computing (Quantum Computing) Effective Interest Rate on Debt % : 42.30% (As of Dec. 2023)


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What is Quantum Computing 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. Quantum Computing's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.90 Mil. Quantum Computing's average total debt for the quarter that ended in Dec. 2023 was $4.50 Mil. Therefore, Quantum Computing's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 42.30%.


Quantum Computing Effective Interest Rate on Debt % Historical Data

The historical data trend for Quantum Computing'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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Quantum Computing Effective Interest Rate on Debt % Chart

Quantum Computing Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
363.08 964.97 9,317.80 42.77 43.30

Quantum Computing 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 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 23.62 31.32 39.10 43.83 42.30

Competitive Comparison of Quantum Computing's Effective Interest Rate on Debt %

For the Computer Hardware subindustry, Quantum Computing'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.


Quantum Computing's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Quantum Computing's Effective Interest Rate on Debt % distribution charts can be found below:

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



Quantum Computing Effective Interest Rate on Debt % Calculation

Quantum Computing'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  *  -2.805/( (9.62+3.336)/ 2 )
=-1  *  -2.805/6.478
=43.30 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.084 + 0.536
=9.62

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.84 + 2.496
=3.336

Quantum Computing'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  *  -1.904/( (5.667+3.336)/ 2 )
=-1  *  -1.904/4.5015
=42.30 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.84 + 2.496
=3.336

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


Quantum Computing  (NAS:QUBT) Effective Interest Rate on Debt % Explanation

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


Quantum Computing Effective Interest Rate on Debt % Related Terms

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Quantum Computing (Quantum Computing) Business Description

Industry
Traded in Other Exchanges
N/A
Address
215 Depot Court SE, Suite 215, Leesburg, VA, USA, 20175
Quantum Computing Inc is focused on providing software tools and applications for quantum computers. Its products include the Qatalyst, Qatalyst Core, and Quantum Application Accelerator. Qatalyst enables developers to create and execute quantum-ready applications on conventional computers while being ready to run on quantum computers where those systems achieve performance advantage.
Executives
Robert Liscouski director, 10 percent owner, officer: President, CEO C/O IMPLANT SCIENCES CORPORATION, 500 RESEARCH DRIVE, WILMINGTON MA 01887
Christopher Boehmler officer: Chief Financial Officer 1350 E CAPITOL ST NE, WASHINGTON DC 20003
Yuping Huang director, 10 percent owner, officer: Chief Quantum Tech. Officer 815 BLANCH AVENUE, NORWOOD NJ 07648
Carl Scott Weimer director 4751 SUMMERLIN PLACE, LONGMONT CO 80503
Michael C Turmelle director 27 COUNTRY FARM WAY, STRATHAM NH 03885
William J Mcgann director C/O IMPLANT SCIENCE CORPORATION, 500 RESEARCH DRIVE, WILMINGTON MA 01887
David Charles Morris officer: Chief Revenue Officer 144 DIABLO RANCH COURT, DANVILLE CA 94506
Robert B Fagenson director FAGENSON & CO. INC, 60 BROAD STREET, NEW YORK NY 10004
Bertrand Velge director, 10 percent owner BARNHOUSE FARM, BARNHOUSE LANE BROOKLAND, ROMNEY MARSH, KENT X0 TN299TR
Justin Schreiber director 236 FIFTH AVENUE, SUITE 400, NEW YORK NY 10001
Christopher Bruce Roberts director, officer: Chief Financial Officer 1014 PRIRY PLACE, MCLEAN VA 22101
Peter Anthony Schultz 10 percent owner P.O. BOX 9024120, SAN JUAN PR 00902

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