Binovi Technologies (Binovi Technologies) Effective Interest Rate on Debt % : 9.88% (As of Feb. 2022)

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What is Binovi Technologies 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. Binovi Technologies's annualized positive value of Interest Expense for the quarter that ended in Feb. 2022 was $0.08 Mil. Binovi Technologies's average total debt for the quarter that ended in Feb. 2022 was $0.77 Mil. Therefore, Binovi Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2022 was 9.88%.

Binovi Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Binovi 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.

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Binovi Technologies Effective Interest Rate on Debt % Chart

Binovi Technologies Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Effective Interest Rate on Debt %

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38.75

60.43

16.99

Binovi Technologies Quarterly Data
	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															57.52	22.31	16.36	10.07	9.88

Competitive Comparison of Binovi Technologies's Effective Interest Rate on Debt %

For the Health Information Services subindustry, Binovi 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.

Binovi Technologies's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Binovi Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Binovi Technologies Effective Interest Rate on Debt % Calculation

Binovi Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2021 )	+	Total Debt (A: Feb. 2022 ))	/ count )
=	-1 * -0.065	/	( (0.059	+	0.706)	/ 2 )
=	-1 * -0.065	/	0.3825
=	16.99 %

where

	Total Debt (A: Feb. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.027	+	0.032
=	0.059

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.029	+	0.677
=	0.706

Binovi Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2021 )	+	Total Debt (Q: Feb. 2022 ))	/ count )
=	-1 * -0.076	/	( (0.833	+	0.706)	/ 2 )
=	-1 * -0.076	/	0.7695
=	9.88 %

where

	Total Debt (Q: Nov. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.029	+	0.804
=	0.833

	Total Debt (Q: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.029	+	0.677
=	0.706

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 (Feb. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Binovi Technologies (OTCPK:BNVIF) Effective Interest Rate on Debt % Explanation

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

Binovi Technologies Effective Interest Rate on Debt % Related Terms

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Binovi Technologies (Binovi Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Binovi Technologies Corp (OTCPK:BNVIF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.binovi.com

Binovi Technologies Corp is engaged in the development and commercialization of visual and neuro-cognitive processing products and manufacturing hardware and software for diagnosing and remediating visual perception disorders. The company has three geographical segments; the United States, Canada, and Other. it derives a majority of its revenue from the United States.