ICEsoft Technologies Canada (XCNQ:ISFT) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is ICEsoft Technologies Canada 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. ICEsoft Technologies Canada's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.00 Mil. ICEsoft Technologies Canada's average total debt for the quarter that ended in Dec. 2023 was C$1.06 Mil. Therefore, ICEsoft Technologies Canada's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

ICEsoft Technologies Canada Effective Interest Rate on Debt % Historical Data

The historical data trend for ICEsoft Technologies Canada'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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ICEsoft Technologies Canada Effective Interest Rate on Debt % Chart

ICEsoft Technologies Canada Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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13.29

12.55

14.29

9.70

17.42

ICEsoft Technologies Canada 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															16.93	0.96	16.89	-	-

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

For the Software - Application subindustry, ICEsoft Technologies Canada'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.

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

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

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

ICEsoft Technologies Canada Effective Interest Rate on Debt % Calculation

ICEsoft Technologies Canada'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 * -0.159	/	( (0.745	+	1.08)	/ 2 )
=	-1 * -0.159	/	0.9125
=	17.42 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.623	+	0.122
=	0.745

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.08	+	0
=	1.08

ICEsoft Technologies Canada'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 * 0	/	( (1.043	+	1.08)	/ 2 )
=	-1 * 0	/	1.0615
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.884	+	0.159
=	1.043

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.08	+	0
=	1.08

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.

ICEsoft Technologies Canada (XCNQ:ISFT) Effective Interest Rate on Debt % Explanation

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

ICEsoft Technologies Canada Effective Interest Rate on Debt % Related Terms

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ICEsoft Technologies Canada (XCNQ:ISFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICEsoft Technologies Canada Corp (XCNQ:ISFT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3553 31st St. NW, Suite 261, Calgary, AB, CAN, T2L 2K7

Website

https://www.icesoft.com

ICEsoft Technologies Canada Corp and its subsidiaries are commercial Java open-source technology companies and providers of mobile-rich Internet applications development solutions for desktop and mobile enterprises. The solutions offered by the company include Voyent Alert, ICEfaces, and ICEpdf.

Executives

Steven Mark Francis	Director
Brian Clifford Mckinney	10% Security Holder, Director, Senior Officer

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