Avante (Avante) Effective Interest Rate on Debt % : 17.07% (As of Dec. 2023)

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What is Avante 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. Avante's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.16 Mil. Avante's average total debt for the quarter that ended in Dec. 2023 was $0.94 Mil. Therefore, Avante's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 17.07%.

Avante Effective Interest Rate on Debt % Historical Data

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

Avante Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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14.88

6.17

2.72

3.86

3.38

Avante Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															40.59	14.01	9.42	15.57	17.07

Competitive Comparison of Avante's Effective Interest Rate on Debt %

For the Security & Protection Services subindustry, Avante'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.

Avante's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Avante's Effective Interest Rate on Debt % distribution charts can be found below:

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

Avante Effective Interest Rate on Debt % Calculation

Avante's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.156	/	( (7.667	+	1.56)	/ 2 )
=	-1 * -0.156	/	4.6135
=	3.38 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.917	+	0.75
=	7.667

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.778	+	0.782
=	1.56

Avante'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 * -0.16	/	( (0.906	+	0.969)	/ 2 )
=	-1 * -0.16	/	0.9375
=	17.07 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.593	+	0.313
=	0.906

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.625	+	0.344
=	0.969

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.

Avante (OTCPK:ALXXF) Effective Interest Rate on Debt % Explanation

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

Avante Effective Interest Rate on Debt % Related Terms

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Avante (Avante) Business Description

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XX:Canada

Address

1959 Leslie Street, Toronto, ON, CAN, M3B 2M3

Website

https://www.avantelogixx.com

Avante Corp is engaged in the provision of security, monitoring, system integration, and technology solutions. Its operating segments are Avante security. Its products and services include residential and corporate security business: Avante control centre, monitoring, electronic building management, patrol and rapid response, intelligent perimeter protection, secure transport, international security travel advisory services, locksmith services, and smart home automation. It provides security services for residential and condominium customers in Toronto and Muskoka, Ontario through the use of technology and client service.