Generative AI Solutions (Generative AI Solutions) Effective Interest Rate on Debt % : 17.61% (As of Jan. 2024)

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What is Generative AI Solutions 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. Generative AI Solutions's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.12 Mil. Generative AI Solutions's average total debt for the quarter that ended in Jan. 2024 was $0.70 Mil. Therefore, Generative AI Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 17.61%.

Generative AI Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Generative AI Solutions'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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Generative AI Solutions Effective Interest Rate on Debt % Chart

Generative AI Solutions Annual Data

Trend

Feb22

Jan23

Jan24

Effective Interest Rate on Debt %

23.72

Generative AI Solutions Quarterly Data
	May20	Aug20	Nov20	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									-	-	10.76	32.14	17.61

Competitive Comparison of Generative AI Solutions's Effective Interest Rate on Debt %

For the Software - Application subindustry, Generative AI Solutions'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.

Generative AI Solutions's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Generative AI Solutions Effective Interest Rate on Debt % Calculation

Generative AI Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2023 )	+	Total Debt (A: Jan. 2024 ))	/ count )
=	-1 * -0.104	/	( (0.169	+	0.708)	/ 2 )
=	-1 * -0.104	/	0.4385
=	23.72 %

where

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.169	+	0
=	0.169

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.2	+	0.508
=	0.708

Generative AI Solutions'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 * -0.124	/	( (0.7	+	0.708)	/ 2 )
=	-1 * -0.124	/	0.704
=	17.61 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.243	+	0.457
=	0.7

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.2	+	0.508
=	0.708

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.

Generative AI Solutions (OTCPK:AICOF) Effective Interest Rate on Debt % Explanation

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

Generative AI Solutions Effective Interest Rate on Debt % Related Terms

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Generative AI Solutions (Generative AI Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Generative AI Solutions Corp (OTCPK:AICOF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N8T:Germany AICO:Canada

Address

550 Burrard Street, Suite 2300, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.genai-solutions.com

Generative AI Solutions Corp is an artificial intelligence company, focused on developing transformative AI-powered tools for businesses and consumers across multiple industries. The group develops state-of-the-art AI-based solutions that have broad applicability and can be seamlessly integrated into diverse workflows. The company leverages its expertise in machine learning, natural language processing, and data analytics, GenAI seeks to build versatile, high-performance tools that redefine efficiency, productivity, and user experience.