ABMT (Advanced BioMedical Technologies) Effective Interest Rate on Debt %: 2,624.00% (As of Jul. 2021)

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What is Advanced BioMedical Technologies Effective Interest Rate on Debt %?

Advanced BioMedical Technologies ABMT Effective Interest Rate on Debt % is 2,624.00% as of Jul. 2021.

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. Advanced BioMedical Technologies's annualized positive value of Interest Expense for the quarter that ended in Jul. 2021 was $0.33 Mil. Advanced BioMedical Technologies's average total debt for the quarter that ended in Jul. 2021 was $0.01 Mil. Therefore, Advanced BioMedical Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2021 was 2,624.00%.


Advanced BioMedical Technologies  (OTCPK:ABMT) Effective Interest Rate on Debt % Explanation

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


Advanced BioMedical Technologies Effective Interest Rate on Debt % Related Terms


Advanced BioMedical Technologies Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Advanced BioMedical 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.

Advanced BioMedical Technologies Effective Interest Rate on Debt % Chart

Advanced BioMedical Technologies Annual Data
Trend Oct11 Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 940.00

Advanced BioMedical Technologies Quarterly Data
Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21
Effective Interest Rate on Debt % Get a 7-Day Free Trial 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 672.00 750.00 1,044.07 1,684.21 2,624.00

ABMT vs VYCO, ADMT, THMO: Effective Interest Rate on Debt % Comparison

For the Medical Devices subindustry, Advanced BioMedical 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.


Advanced BioMedical Technologies Effective Interest Rate on Debt % vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Advanced BioMedical Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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



Advanced BioMedical Technologies Effective Interest Rate on Debt % Calculation

Advanced BioMedical Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2020 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2019 )+Total Debt  (A: Oct. 2020 ))/ count )
=-1  *  -0.329/( (0+0.035)/ 1 )
=-1  *  -0.329/0.035
=940.00 %

where

Total Debt  (A: Oct. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.007 + 0.028
=0.035

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Apr. 2021 )+Total Debt  (Q: Jul. 2021 ))/ count )
=-1  *  -0.328/( (0.014+0.011)/ 2 )
=-1  *  -0.328/0.0125
=2,624.00 %

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

What does a Effective Interest Rate on Debt % of 2,624.00% mean?
Advanced BioMedical Technologies (ABMT) has a Effective Interest Rate on Debt % of 2,624.00% as of Jul. 2021. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Advanced BioMedical Technologies and its competitors.
Is Advanced BioMedical Technologies' Effective Interest Rate on Debt % too high?
Advanced BioMedical Technologies' current Effective Interest Rate on Debt % is 2,624.00%.
How does Advanced BioMedical Technologies' Effective Interest Rate on Debt % compare to VYCO and ADMT?
Advanced BioMedical Technologies' Effective Interest Rate on Debt % of 2,624.00% can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Medical Devices & Instruments company?
A good Effective Interest Rate on Debt % depends on the Medical Devices & Instruments industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Advanced BioMedical Technologies and its competitors. Advanced BioMedical Technologies's current Effective Interest Rate on Debt % is 2,624.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced BioMedical Technologies stock overvalued right now?
Advanced BioMedical Technologies (ABMT) has a current Effective Interest Rate on Debt % of 2,624.00%. The current Effective Interest Rate on Debt % is 2,624.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Advanced BioMedical Technologies (ABMT), the current Effective Interest Rate on Debt % is 2,624.00% as of Jul. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Advanced BioMedical Technologies Business Description

Address 535 Fifth Avenue, 4th Floor, New York, NY, USA, 10017
Advanced BioMedical Technologies Inc is engaged in designing, developing, manufacturing, and the planned future marketing of self-reinforced, re-absorbable, biodegradable internal fixation devices. The company manufactures its products using Polyamide, and it is used in a variety of applications, which include orthopaedic trauma, sports-related medical treatment, cartilage injuries, and reconstructive dental procedures. Its Polyamide products include screws, rods, and binding wires consisting of enhanced fibres and high molecular polymers, which are designed to facilitate quick healing of complex fractures in many areas of the human skeletal system.