CVR Medical (CVR Medical) Effective Interest Rate on Debt % : 9.85% (As of Sep. 2022)

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What is CVR Medical 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. CVR Medical's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $0.08 Mil. CVR Medical's average total debt for the quarter that ended in Sep. 2022 was $0.85 Mil. Therefore, CVR Medical's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 9.85%.

CVR Medical Effective Interest Rate on Debt % Historical Data

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

CVR Medical Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

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548.28

108.57

19.35

10.48

CVR Medical Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.68	9.84	9.61	9.75	9.85

Competitive Comparison of CVR Medical's Effective Interest Rate on Debt %

For the Medical Devices subindustry, CVR Medical'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.

CVR Medical's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

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

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

CVR Medical Effective Interest Rate on Debt % Calculation

CVR Medical's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -0.073	/	( (0.619	+	0.774)	/ 2 )
=	-1 * -0.073	/	0.6965
=	10.48 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.342	+	0.277
=	0.619

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.273	+	0.501
=	0.774

CVR Medical's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -0.084	/	( (0.833	+	0.873)	/ 2 )
=	-1 * -0.084	/	0.853
=	9.85 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.264	+	0.569
=	0.833

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.274	+	0.599
=	0.873

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 (Sep. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

CVR Medical (OTCPK:CRRVF) Effective Interest Rate on Debt % Explanation

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

CVR Medical Effective Interest Rate on Debt % Related Terms

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CVR Medical (CVR Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » CVR Medical Corp (OTCPK:CRRVF) » Definitions » Effective Interest Rate on Debt %

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Address

221 West Esplanade, c/o Suite 409, North Vancouver, Vancouver, BC, CAN, V7M 3J3

Website

http://www.cvrmed.com

CVR Medical Corp is a medical device company. The company commercializing its Carotid Stenotic Scan (CSS), a patented, diagnostic tool that utilizes subsonic, infrasonic, and low-frequency sound wave analysis technology to detect and measure carotid arterial stenosis.

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