FITY (Fifty 1 Labs) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Fifty 1 Labs 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. Fifty 1 Labs's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.00 Mil. Fifty 1 Labs's average total debt for the quarter that ended in Jun. 2024 was $0.08 Mil. Therefore, Fifty 1 Labs's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 0.00%.

Fifty 1 Labs Effective Interest Rate on Debt % Historical Data

The historical data trend for Fifty 1 Labs'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.

* Premium members only.

Fifty 1 Labs Effective Interest Rate on Debt % Chart

Fifty 1 Labs Annual Data

Trend

Dec04

Jun06

Jun07

Jun08

Jun09

Jun10

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

9.33

Fifty 1 Labs Semi-Annual Data
	Dec03	Dec04	Jun06	Jun07	Jun08	Jun09	Jun10	Jun21	Jun22	Jun23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						9.33	-	-	-	-

Competitive Comparison of Fifty 1 Labs's Effective Interest Rate on Debt %

For the Credit Services subindustry, Fifty 1 Labs'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.

Fifty 1 Labs's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Fifty 1 Labs's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Fifty 1 Labs's Effective Interest Rate on Debt % falls into.

Save Embed

;

Save Embed

;

Fifty 1 Labs Effective Interest Rate on Debt % Calculation

Fifty 1 Labs's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * 0	/	( (0.093	+	0.065)	/ 2 )
=	-1 * 0	/	0.079
=	0.00 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.093
=	0.093

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.065
=	0.065

Fifty 1 Labs's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * 0	/	( (0.093	+	0.065)	/ 2 )
=	-1 * 0	/	0.079
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.093
=	0.093

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.065
=	0.065

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

Fifty 1 Labs (OTCPK:FITY) Effective Interest Rate on Debt % Explanation

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

Fifty 1 Labs Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Fifty 1 Labs's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Fifty 1 Labs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Fifty 1 Labs Inc (OTCPK:FITY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

751 North Drive, STE 11, Melbourne, FL, USA, 32934

Website

https://www.fifty1labs.com

Fifty 1 Labs Inc is a holding company with four subsidiaries that operate in the sports supplement, fitness equipment, and health and wellness industries, respectively.

Executives

Scott Eugene Miller	officer: CEO	2239 N. HAYDEN RD., SUITE 100, SCOTTSDALE AZ 85257
Jamie Kerr	director, 10 percent owner, officer: President	2925 N. 67TH PLACE, SCOTTSDALE AZ 85251
John Shaffer	director, officer: Treasurer	2925 N. 67TH PLACE, SCOTTSDALE AZ 85251