Optiva (TSX:OPT) Effective Interest Rate on Debt % : 7.55% (As of Dec. 2023)

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What is Optiva 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. Optiva's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$10.29 Mil. Optiva's average total debt for the quarter that ended in Dec. 2023 was C$136.34 Mil. Therefore, Optiva's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.55%.

Optiva Effective Interest Rate on Debt % Historical Data

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

Optiva Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.59

10.12

10.34

9.58

Optiva Quarterly Data
	Sep18	Dec18	Mar19	Jun19	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															15.01	10.81	10.71	10.38	7.55

Competitive Comparison of Optiva's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Optiva'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.

Optiva's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Optiva Effective Interest Rate on Debt % Calculation

Optiva'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 * -12.218	/	( (119.162	+	135.968)	/ 2 )
=	-1 * -12.218	/	127.565
=	9.58 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	119.162	+	0
=	119.162

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	135.968	+	0
=	135.968

Optiva'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 * -10.288	/	( (136.716	+	135.968)	/ 2 )
=	-1 * -10.288	/	136.342
=	7.55 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	136.716	+	0
=	136.716

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	135.968	+	0
=	135.968

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.

Optiva (TSX:OPT) Effective Interest Rate on Debt % Explanation

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

Optiva Effective Interest Rate on Debt % Related Terms

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Optiva (TSX:OPT) Business Description

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Address

2233 Argentia Road, Suite 302, East Tower, Mississauga, ON, CAN, L5N 2X7

Website

https://www.optiva.com

Optiva Inc is engaged in offering next-generation software solutions to help the telco industry and customers leverage today's digital technologies. The company's portfolio of products enables real-time billing, charging, policy management and user experience that are critical to customers' growth and performance. When deployed in the cloud, Optiva solutions deliver the most impact for the best value. The company's vision, market knowledge, analytical insights and Customer Success Program ensure customers are equipped to achieve their strategic business goals today and into the future.