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Alto Neuroscience (Alto Neuroscience) Effective Interest Rate on Debt % : 13.84% (As of Mar. 2024)


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What is Alto Neuroscience 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. Alto Neuroscience's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1.38 Mil. Alto Neuroscience's average total debt for the quarter that ended in Mar. 2024 was $10.00 Mil. Therefore, Alto Neuroscience's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.84%.

Alto Neuroscience Effective Interest Rate on Debt % Historical Data

The historical data trend for Alto Neuroscience'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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Alto Neuroscience Effective Interest Rate on Debt % Chart

Alto Neuroscience Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - 13.88

Alto Neuroscience Quarterly Data
Dec21 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 13.30 - 14.28 13.84

Competitive Comparison of Alto Neuroscience's Effective Interest Rate on Debt %

For the Biotechnology subindustry, Alto Neuroscience'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.

Alto Neuroscience's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Alto Neuroscience's Effective Interest Rate on Debt % distribution charts can be found below:

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


Alto Neuroscience Effective Interest Rate on Debt % Calculation

Alto Neuroscience's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -1.37/( (9.748+9.986)/ 2 )
=-1  *  -1.37/9.867
=13.88 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.465 + 0.283
=9.748

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.861 + 0.125
=9.986

Alto Neuroscience's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -1.384/( (9.986+10.013)/ 2 )
=-1  *  -1.384/9.9995
=13.84 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.861 + 0.125
=9.986

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.812 + 1.201
=10.013

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

Alto Neuroscience  (NYSE:ANRO) Effective Interest Rate on Debt % Explanation

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

Alto Neuroscience Effective Interest Rate on Debt % Related Terms

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Alto Neuroscience (Alto Neuroscience) Business Description

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Alto Neuroscience Inc is a clinical stage biopharmaceutical company with a mission to redefine psychiatry by leveraging individuals' neurobiology to develop personalized and highly effective treatment options. the company currently consists of five clinical-stage assets initially targeting major depressive disorder and schizophrenia populations as identified by independent brain-based biomarkers.

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