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Focus Universal (Focus Universal) Effective Interest Rate on Debt % : 9.27% (As of Dec. 2023)


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What is Focus Universal 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. Focus Universal's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.11 Mil. Focus Universal's average total debt for the quarter that ended in Dec. 2023 was $1.21 Mil. Therefore, Focus Universal's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.27%.


Focus Universal Effective Interest Rate on Debt % Historical Data

The historical data trend for Focus Universal'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.

* Premium members only.

Focus Universal Effective Interest Rate on Debt % Chart

Focus Universal Annual Data
Trend Mar14 Mar15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 1.17 7.08 - 5.11

Focus Universal 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 1.69 9.27

Competitive Comparison of Focus Universal's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Focus Universal'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.


Focus Universal's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Focus Universal's Effective Interest Rate on Debt % distribution charts can be found below:

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



Focus Universal Effective Interest Rate on Debt % Calculation

Focus Universal'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  *  -0.038/( (0.279+1.209)/ 2 )
=-1  *  -0.038/0.744
=5.11 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.166 + 0.113
=0.279

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.119 + 1.09
=1.209

Focus Universal'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  *  -0.112/( (1.207+1.209)/ 2 )
=-1  *  -0.112/1.208
=9.27 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.123 + 1.084
=1.207

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.119 + 1.09
=1.209

* 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.

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.


Focus Universal  (NAS:FCUV) Effective Interest Rate on Debt % Explanation

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


Focus Universal Effective Interest Rate on Debt % Related Terms

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Focus Universal (Focus Universal) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2311 East Locust Court, Ontario, CA, USA, 91761
Focus Universal Inc develops and manufactures universal smart device. Its products portfolio include Universal Smart Instrumentation Platform, Ubiquitor, Universal Smart Controller, and Sensors. The company also supplies various air filtration systems. The Company consists of three types of operations- Focus and Focus Shenzhen (Corporate), Perfecular and Lusher (IoT Products), AVX (IoT Installation Services). Majority of revenue is generated from IoT Installation Services. IoT Installation Services segment is an IoT installation and management company specializing in high performance and easy to use audio/video, home theater, lighting control, automation, and integration.
Executives
Sheri Lofgren director C/O LOGICAL CHOICE CORPORATION, 1045 PROGRESS CIRCLE, LAWRENCEVILLE GA 30043
Michael Ross Pope director 1045 PROGRESS CIRCLE, LAWRENCEVILLE, GEORGIA GA 30043
Gregory S Butterfield director 3301 N. THANKSGIVING WAY, SUITE 500, LEHI UT 84043
Carine S. Clark director 772 UTAH VALLEY DRIVE, AMERICAN FORK UT 84003
Duncan Lee officer: Chief Financial Officer 20511 EAST WALNUT DRIVE NORTH, WALNUT CA 91789
Jennifer Lingjie Gu director, 10 percent owner 2501 CROW FOOT LANE, DIAMOND BAR CA 91748
Edward Shihai Lee director, 10 percent owner, officer: President 2501 CROW FOOT LANE, DIAMOND BAR CA 91748
Desheng Wang director, 10 percent owner, officer: CEO and Secretary 140 SOUTH ROOSEVELT AVENUE, PASADENA CA 91107