Xtract One Technologies (Xtract One Technologies) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2024)

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What is Xtract One Technologies 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. Xtract One Technologies's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.00 Mil. Xtract One Technologies's average total debt for the quarter that ended in Jan. 2024 was $0.22 Mil. Therefore, Xtract One Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.00%.

Xtract One Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Xtract One 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.

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Xtract One Technologies Effective Interest Rate on Debt % Chart

Xtract One Technologies Annual Data

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Effective Interest Rate on Debt %

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Xtract One Technologies Quarterly Data
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Competitive Comparison of Xtract One Technologies's Effective Interest Rate on Debt %

For the Software - Application subindustry, Xtract One 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.

Xtract One Technologies's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Xtract One Technologies Effective Interest Rate on Debt % Calculation

Xtract One Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * 0	/	( (0.523	+	0.27)	/ 2 )
=	-1 * 0	/	0.3965
=	0.00 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.276	+	0.247
=	0.523

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.094	+	0.176
=	0.27

Xtract One Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * 0	/	( (0.234	+	0.196)	/ 2 )
=	-1 * 0	/	0.215
=	0.00 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.069	+	0.165
=	0.234

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.047	+	0.149
=	0.196

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Xtract One Technologies (OTCPK:XTRAF) Effective Interest Rate on Debt % Explanation

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

Xtract One Technologies Effective Interest Rate on Debt % Related Terms

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Xtract One Technologies (Xtract One Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Xtract One Technologies Inc (OTCPK:XTRAF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

0PL:Germany XTRA:Canada

Address

257 Adelaide Street West, Suite 400, Toronto, ON, CAN, M5H 1X9

Website

https://www.xtractone.com

Xtract One Technologies Inc is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The principal business of the Company is the development and commercialization of an integrated, layered, AI-powered threat detection gateway solution, referred to as the Platform, with the aim of enhancing public health and safety. The company makes unobtrusive threat detection systems that enable venue-building operators to prioritize and deliver improved patron experiences while providing unprecedented safety. Xtract One's innovative multi-sensor gateway product enables companies to covertly screen for weapons at points of entry without disrupting the flow of traffic.