Arax Holdings (Arax Holdings) Effective Interest Rate on Debt % : 0.00% (As of Jul. 2023)

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What is Arax Holdings 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. Arax Holdings's annualized positive value of Interest Expense for the quarter that ended in Jul. 2023 was $0.00 Mil. Arax Holdings's average total debt for the quarter that ended in Jul. 2023 was $0.52 Mil. Therefore, Arax Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 was 0.00%.

Arax Holdings Effective Interest Rate on Debt % Historical Data

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

Arax Holdings Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct20

Oct21

Oct22

Effective Interest Rate on Debt %

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18.95

37.65

Arax Holdings Quarterly Data
	Oct15	Jan16	Apr16	Jul16	Oct16	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Arax Holdings's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Arax Holdings'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.

Arax Holdings's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Arax Holdings Effective Interest Rate on Debt % Calculation

Arax Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2022 is calculated as

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

where

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

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

Arax Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2023 )	+	Total Debt (Q: Jul. 2023 ))	/ count )
=	-1 * 0	/	( (0.519	+	0)	/ 1 )
=	-1 * 0	/	0.519
=	0.00 %

where

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.519	+	0
=	0.519

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

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

Arax Holdings (OTCPK:ARAT) Effective Interest Rate on Debt % Explanation

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

Arax Holdings Effective Interest Rate on Debt % Related Terms

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Arax Holdings (Arax Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Arax Holdings Corp (OTCPK:ARAT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

30 North Gould Street, Sheridan, WY, USA, 82801

Website

https://www.arax.cc

Arax Holdings Corp invests in TechFin and blockchain-based software solutions companies. The primary focus of Arax is to fuse decentralized solutions with financial service providers within multiple markets and communication networks to bring blockchain to everyday life.

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