Smart Employee Benefits (TSXV:SEB) Effective Interest Rate on Debt % : 17.57% (As of Aug. 2022)

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What is Smart Employee Benefits 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. Smart Employee Benefits's annualized positive value of Interest Expense for the quarter that ended in Aug. 2022 was C$6.70 Mil. Smart Employee Benefits's average total debt for the quarter that ended in Aug. 2022 was C$38.15 Mil. Therefore, Smart Employee Benefits's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2022 was 17.57%.

Smart Employee Benefits Effective Interest Rate on Debt % Historical Data

The historical data trend for Smart Employee Benefits'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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Smart Employee Benefits Effective Interest Rate on Debt % Chart

Smart Employee Benefits Annual Data

Trend

Nov12

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Effective Interest Rate on Debt %

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14.79

6.15

12.76

14.91

19.13

Smart Employee Benefits Quarterly Data
	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.21	20.53	16.55	19.33	17.57

Competitive Comparison of Smart Employee Benefits's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Smart Employee Benefits'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.

Smart Employee Benefits's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Smart Employee Benefits Effective Interest Rate on Debt % Calculation

Smart Employee Benefits's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2020 )	+	Total Debt (A: Nov. 2021 ))	/ count )
=	-1 * -4.803	/	( (23.439	+	26.784)	/ 2 )
=	-1 * -4.803	/	25.1115
=	19.13 %

where

	Total Debt (A: Nov. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.288	+	2.151
=	23.439

	Total Debt (A: Nov. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.471	+	7.313
=	26.784

Smart Employee Benefits's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2022 )	+	Total Debt (Q: Aug. 2022 ))	/ count )
=	-1 * -6.704	/	( (35.056	+	41.252)	/ 2 )
=	-1 * -6.704	/	38.154
=	17.57 %

where

	Total Debt (Q: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.275	+	11.781
=	35.056

	Total Debt (Q: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.786	+	16.466
=	41.252

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 (Aug. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Smart Employee Benefits (TSXV:SEB) Effective Interest Rate on Debt % Explanation

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

Smart Employee Benefits Effective Interest Rate on Debt % Related Terms

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Smart Employee Benefits (TSXV:SEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Smart Employee Benefits Inc (TSXV:SEB) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

5500 Explorer Drive, 4th Floor, Mississauga, ON, CAN, L4W 5C7

Website

https://www.seb-inc.com

Smart Employee Benefits Inc is a Canadian technology company providing software-enabled services in the areas of healthcare transaction processing, software solutions, and professional services for corporate and government clients. The company's business segments are Benefits and Technology. Its Benefits segment provides software, solutions, services, and products focused on managing group benefit and wellness solutions and healthcare claims processing environments for corporate and government clients. The Technology segment provides solutions in the areas of supply change management, integration, and energy, as well as training and resource provisioning. It earns most of its revenue from the Technology segment.