Volatus Aerospace (Volatus Aerospace) Effective Interest Rate on Debt % : 11.96% (As of Dec. 2023)

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What is Volatus Aerospace 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. Volatus Aerospace's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.66 Mil. Volatus Aerospace's average total debt for the quarter that ended in Dec. 2023 was $13.88 Mil. Therefore, Volatus Aerospace's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.96%.

Volatus Aerospace Effective Interest Rate on Debt % Historical Data

The historical data trend for Volatus Aerospace'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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Volatus Aerospace Effective Interest Rate on Debt % Chart

Volatus Aerospace Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

17.10

5.29

10.36

Volatus Aerospace Quarterly Data
	Dec19	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											7.92	9.01	10.94	10.59	11.96

Competitive Comparison of Volatus Aerospace's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Volatus Aerospace'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.

Volatus Aerospace's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Volatus Aerospace's Effective Interest Rate on Debt % distribution charts can be found below:

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

Volatus Aerospace Effective Interest Rate on Debt % Calculation

Volatus Aerospace'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 * -1.241	/	( (10	+	13.961)	/ 2 )
=	-1 * -1.241	/	11.9805
=	10.36 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.686	+	4.314
=	10

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.597	+	7.364
=	13.961

Volatus Aerospace'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 * -1.66	/	( (13.795	+	13.961)	/ 2 )
=	-1 * -1.66	/	13.878
=	11.96 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.386	+	2.409
=	13.795

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.597	+	7.364
=	13.961

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.

Volatus Aerospace (OTCPK:VLTTF) Effective Interest Rate on Debt % Explanation

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

Volatus Aerospace Effective Interest Rate on Debt % Related Terms

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Volatus Aerospace (Volatus Aerospace) Business Description

Industry

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Traded in Other Exchanges

VOL:Canada

Address

60 Airport Road, Lake Simcoe Regional Airport, Oro-Medonte, ON, CAN, L0L 2E0

Website

https://www.volatusaerospace.com

Volatus Aerospace Corp is a provider of integrated drone solutions. It offers a range of solutions and services throughout Canada, the United States, Latin America, and Europe for civilian and military applications, including system and vehicle sales, service and training; aerial inspection and imaging services; data processing and management; system design engineering, research and development, manufacture, and testing.