AETHF (Aether Global Innovations) Effective Interest Rate on Debt % : 5.26% (As of May. 2024)

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What is Aether Global 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. Aether Global Innovations's annualized positive value of Interest Expense for the quarter that ended in May. 2024 was $0.00 Mil. Aether Global Innovations's average total debt for the quarter that ended in May. 2024 was $0.08 Mil. Therefore, Aether Global Innovations's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 was 5.26%.

Aether Global Innovations Effective Interest Rate on Debt % Historical Data

The historical data trend for Aether Global 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.

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Aether Global Innovations Effective Interest Rate on Debt % Chart

Aether Global Innovations Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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16.67

12.70

10.98

Aether Global Innovations Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	5.26

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

For the Security & Protection Services subindustry, Aether Global 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.

Aether Global Innovations's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Aether Global Innovations's Effective Interest Rate on Debt % distribution charts can be found below:

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

Aether Global Innovations Effective Interest Rate on Debt % Calculation

Aether Global Innovations's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * 0	/	( (0.162	+	0.035)	/ 2 )
=	-1 * 0	/	0.0985
=	0.00 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.007	+	0.155
=	0.162

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.035
=	0.035

Aether Global Innovations's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2024 )	+	Total Debt (Q: May. 2024 ))	/ count )
=	-1 * -0.004	/	( (0.043	+	0.109)	/ 2 )
=	-1 * -0.004	/	0.076
=	5.26 %

where

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.043
=	0.043

	Total Debt (Q: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.109
=	0.109

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

Aether Global Innovations (OTCPK:AETHF) Effective Interest Rate on Debt % Explanation

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

Aether Global Innovations Effective Interest Rate on Debt % Related Terms

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Aether Global Innovations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aether Global Innovations Corp (OTCPK:AETHF) » Definitions » Effective Interest Rate on Debt %

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Address

1199 W Hastings Street, Suite 700, Vancouver, BC, CAN, V6E 3T5

Website

https://www.aethergic.com

Aether Global Innovations Corp is an innovative UAV drone management and operations services company that focuses in three areas for critical infrastructure and large public and private facilities. These three areas include drone management and surveillance monitoring, automation and integration for flight planning, new sensor payloads, stand-alone power source and drone base station infrastructure and technology for autonomous self-landing, power charging, and take off.

Aether Global Innovations Headlines

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