Tuga Innovations (XCNQ:TUGA) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Tuga Innovations 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. Tuga Innovations's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.00 Mil. Tuga Innovations's average total debt for the quarter that ended in Jan. 2024 was C$0.03 Mil. Therefore, Tuga Innovations's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.00%.

Tuga Innovations Effective Interest Rate on Debt % Historical Data

The historical data trend for Tuga Innovations'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.

Tuga Innovations Effective Interest Rate on Debt % Chart

Tuga Innovations Annual Data

Trend

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

Tuga Innovations Quarterly Data
	Jan21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Tuga Innovations's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, Tuga Innovations'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.

Tuga Innovations's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tuga Innovations's Effective Interest Rate on Debt % distribution charts can be found below:

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

Tuga Innovations Effective Interest Rate on Debt % Calculation

Tuga Innovations'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	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

Tuga Innovations'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	/	( (0.028	+	0.028)	/ 2 )
=	-1 * 0	/	0.028
=	0.00 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.028
=	0.028

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.028
=	0.028

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.

Tuga Innovations (XCNQ:TUGA) Effective Interest Rate on Debt % Explanation

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

Tuga Innovations Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Tuga Innovations's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tuga Innovations (XCNQ:TUGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tuga Innovations Inc (XCNQ:TUGA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

TUGAF:USA DQ5:Germany

Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

https://www.tugainnovations.com

Tuga Innovations Inc is a development-stage electric vehicle company involved in the conception, design, and production of specialized EVs to improve the urban mobility experience. It is engaged in the reduction of urban mobility difficulties by developing a three-wheeled, fully electric fore-and-aft 2-seat vehicle.

Tuga Innovations (XCNQ:TUGA) Headlines

No Headlines