Frequency Exchange (TSXV:FREQ) Effective Interest Rate on Debt % : 6.48% (As of Sep. 2023)

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What is Frequency Exchange 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. Frequency Exchange's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.04 Mil. Frequency Exchange's average total debt for the quarter that ended in Sep. 2023 was C$0.68 Mil. Therefore, Frequency Exchange's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.48%.

Frequency Exchange Effective Interest Rate on Debt % Historical Data

The historical data trend for Frequency Exchange'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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Frequency Exchange Effective Interest Rate on Debt % Chart

Frequency Exchange Annual Data

Trend

Oct20

Oct21

Dec22

Effective Interest Rate on Debt %

13.56

Frequency Exchange Quarterly Data
	Oct20	Jan21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					13.17	15.58	9.24	8.54	6.48

Competitive Comparison of Frequency Exchange's Effective Interest Rate on Debt %

For the Medical Devices subindustry, Frequency Exchange'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.

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

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

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

Frequency Exchange Effective Interest Rate on Debt % Calculation

Frequency Exchange's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.099	/	( (0	+	0.73)	/ 1 )
=	-1 * -0.099	/	0.73
=	13.56 %

where

	Total Debt (A: Oct. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.73
=	0.73

Frequency Exchange'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 * -0.044	/	( (0.757	+	0.602)	/ 2 )
=	-1 * -0.044	/	0.6795
=	6.48 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.757
=	0.757

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.602
=	0.602

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.

Frequency Exchange (TSXV:FREQ) Effective Interest Rate on Debt % Explanation

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

Frequency Exchange Effective Interest Rate on Debt % Related Terms

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Frequency Exchange (TSXV:FREQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Frequency Exchange Corp (TSXV:FREQ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia Street, Suite 2050, PO Box 11121, Vancouver, BC, CAN, V6E 3P3

Website

https://www.frequencyexchangecorp.com

Frequency Exchange Corp is focused on the development and global commercialization of a wearable Frequency Delivery System providing specialized programs designed for health and wellness as well as performance enhancement.

Executives

Stephen Davis

10% Security Holder, Director, Senior Officer