Avant Diagnostics (Avant Diagnostics) Effective Interest Rate on Debt % : 50.00% (As of Dec. 2018)

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What is Avant Diagnostics 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. Avant Diagnostics's annualized positive value of Interest Expense for the quarter that ended in Dec. 2018 was $0.03 Mil. Avant Diagnostics's average total debt for the quarter that ended in Dec. 2018 was $0.06 Mil. Therefore, Avant Diagnostics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 was 50.00%.

Avant Diagnostics Effective Interest Rate on Debt % Historical Data

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

Avant Diagnostics Annual Data

Trend

Oct09

Oct10

Oct11

Oct12

Oct13

Sep14

Sep15

Sep16

Sep17

Sep18

Effective Interest Rate on Debt %

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16.76

128.89

4.82

Avant Diagnostics Quarterly Data
	Jan14	Apr14	Jul14	Oct14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															34.00	45.00	24.62	19.83	50.00

Competitive Comparison of Avant Diagnostics's Effective Interest Rate on Debt %

For the Diagnostics & Research subindustry, Avant Diagnostics'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.

Avant Diagnostics's Effective Interest Rate on Debt % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Avant Diagnostics's Effective Interest Rate on Debt % distribution charts can be found below:

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

Avant Diagnostics Effective Interest Rate on Debt % Calculation

Avant Diagnostics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2017 )	+	Total Debt (A: Sep. 2018 ))	/ count )
=	-1 * -0.011	/	( (0.4	+	0.056)	/ 2 )
=	-1 * -0.011	/	0.228
=	4.82 %

where

	Total Debt (A: Sep. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.4
=	0.4

	Total Debt (A: Sep. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.056
=	0.056

Avant Diagnostics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2018 )	+	Total Debt (Q: Dec. 2018 ))	/ count )
=	-1 * -0.028	/	( (0.056	+	0.056)	/ 2 )
=	-1 * -0.028	/	0.056
=	50.00 %

where

	Total Debt (Q: Sep. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.056
=	0.056

	Total Debt (Q: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.056
=	0.056

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. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Avant Diagnostics (GREY:AVDX) Effective Interest Rate on Debt % Explanation

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

Avant Diagnostics Effective Interest Rate on Debt % Related Terms

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Avant Diagnostics (Avant Diagnostics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Avant Diagnostics Inc (GREY:AVDX) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

1050 30th Street NW, Suite 107, Washington, DC, USA, 20007

Website

http://www.avantdiagnostics.com

Avant Diagnostics Inc is a medical diagnostic technology company. Business activity of the group is functioned through United States. It focuses on the commercialization of a series of proprietary microarray-based diagnostic tests that provide early detection of cancers, neurodegenerative diseases, and other chronic and severe disease states. The company's premier product is OvaDx, a non-invasive proteomics diagnostic screening test for the early detection of ovarian cancer.