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Identillect Technologies Effective Interest Rate on Debt %

: 8.68% (As of Dec. 2021)
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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. Identillect Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2021 was $0.09 Mil. Identillect Technologies's average total debt for the quarter that ended in Dec. 2021 was $1.06 Mil. Therefore, Identillect Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 was 8.68%.


Identillect Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Identillect Technologies'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.

Identillect Technologies Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.53 7.84 7.91 8.11 8.86

Identillect Technologies Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Effective Interest Rate on Debt % 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 Premium Member Only Premium Member Only Premium Member Only 9.49 8.26 6.04 10.14 8.68

Competitive Comparison

For the Software - Application subindustry, Identillect Technologies'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.

   

Identillect Technologies Effective Interest Rate on Debt % Distribution

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

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



Identillect Technologies Effective Interest Rate on Debt % Calculation

Identillect Technologies'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  *  -0.082/( (0.77+1.082)/ 2 )
=-1  *  -0.082/0.926
=8.86 %

where

Identillect Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2021 )+Total Debt  (Q: Dec. 2021 ))/ count )
=-1  *  -0.092/( (1.037+1.082)/ 2 )
=-1  *  -0.092/1.0595
=8.68 %

where

* 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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Identillect Technologies  (OTCPK:IDTLF) Effective Interest Rate on Debt % Explanation

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


Identillect Technologies Effective Interest Rate on Debt % Related Terms

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Identillect Technologies Business Description

Identillect Technologies logo
Industry
Technology » Software NAICS : 423430 SIC : 5744
Traded in Other Exchanges
Address
609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3
Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. It offers a product like Delivery trust in Outlook Plugin, Office 365, Gmail Plugin, Web Only and Electronic Signatures. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.
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