FDCTech (OTCPK:FDCT) Effective Interest Rate on Debt %

: 7.30% (As of Mar. 2023)

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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. FDCTech's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $0.04 Mil. FDCTech's average total debt for the quarter that ended in Mar. 2023 was $0.49 Mil. Therefore, FDCTech's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 7.30%.

FDCTech Effective Interest Rate on Debt % Historical Data

The historical data trend for FDCTech'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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FDCTech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

5.90

5.85

5.65

1.64

12.41

FDCTech Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %																8.87	5.74	11.42	9.35	7.30

Competitive Comparison

For the Capital Markets subindustry, FDCTech'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.

Annual Data Quarterly Data

FDCTech Effective Interest Rate on Debt % Distribution

For the Capital Markets industry and Financial Services sector, FDCTech's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where FDCTech's Effective Interest Rate on Debt % falls in comparison to its industry or sector. The grey bar indicates the Effective Interest Rate on Debt %'s extreme value range as defined by GuruFocus.

FDCTech Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.062	/	( (0.23	+	0.769)	/ 2 )
=	-1 * -0.062	/	0.4995
=	12.41 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.144	+	0.086
=	0.23

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.131	+	0.638
=	0.769

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -0.036	/	( (0.769	+	0.217)	/ 2 )
=	-1 * -0.036	/	0.493
=	7.30 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.131	+	0.638
=	0.769

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.129	+	0.088
=	0.217

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

FDCTech (OTCPK:FDCT) Effective Interest Rate on Debt % Explanation

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

FDCTech Effective Interest Rate on Debt % Related Terms

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FDCTech (OTCPK:FDCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » FDCTech Inc (OTCPK:FDCT) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

200 Spectrum Drive, Suite 300, Irvine, CA, USA, 92618

Website

https://www.fdctech.com

FDCTech Inc is an integrated forex and Cryptocurrency service provider. It provides cryptocurrency technology solutions and consulting services for OTC brokers and crypto exchange businesses. The company has three sources of revenue Consulting Services; Technology Solutions and Customized Software Development. Its product includes the CryptoWeb Trader Platform; Proprietary FX; Back Office and others. The company derives maximum revenue from Technology Solutions.

Executives

Mitchell M. Eaglstein

director, 10 percent owner, officer: CEO

200 SPECTRUM DRIVE, SUITE 300, IRVINE CA 92618