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NexOptic Technology (TSXV:NXO) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)


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What is NexOptic Technology 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. NexOptic Technology's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.00 Mil. NexOptic Technology's average total debt for the quarter that ended in Sep. 2023 was C$0.06 Mil. Therefore, NexOptic Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.


NexOptic Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for NexOptic Technology'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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NexOptic Technology Effective Interest Rate on Debt % Chart

NexOptic Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 8.33 11.76 10.53

NexOptic Technology Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23
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 14.29 13.91 13.56 - -

Competitive Comparison of NexOptic Technology's Effective Interest Rate on Debt %

For the Electronic Components subindustry, NexOptic Technology'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.


NexOptic Technology's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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



NexOptic Technology Effective Interest Rate on Debt % Calculation

NexOptic Technology'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: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -0.006/( (0.054+0.06)/ 2 )
=-1  *  -0.006/0.057
=10.53 %

where

NexOptic Technology'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: Mar. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  0/( (0.06+0.06)/ 2 )
=-1  *  0/0.06
=0.00 %

where

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


NexOptic Technology  (TSXV:NXO) Effective Interest Rate on Debt % Explanation

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


NexOptic Technology Effective Interest Rate on Debt % Related Terms

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NexOptic Technology (TSXV:NXO) Business Description

Industry
Traded in Other Exchanges
Address
409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2
NexOptic Technology Corp engages in the investment and development of technologies relating to imagery and light concentration for lens and image capture-based systems. The company's technology includes Aliis; Doubletake and Mobile Lens.

NexOptic Technology (TSXV:NXO) Headlines

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