Infinitii Ai (Infinitii Ai) Effective Interest Rate on Debt % : 16.85% (As of Dec. 2023)

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What is Infinitii Ai 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. Infinitii Ai's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.15 Mil. Infinitii Ai's average total debt for the quarter that ended in Dec. 2023 was $0.88 Mil. Therefore, Infinitii Ai's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 16.85%.

Infinitii Ai Effective Interest Rate on Debt % Historical Data

The historical data trend for Infinitii Ai'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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Infinitii Ai Effective Interest Rate on Debt % Chart

Infinitii Ai Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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21.42

24.74

15.38

14.72

15.37

Infinitii Ai Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.15	17.92	17.26	17.21	16.85

Competitive Comparison of Infinitii Ai's Effective Interest Rate on Debt %

For the Software - Application subindustry, Infinitii Ai'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.

Infinitii Ai's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Infinitii Ai Effective Interest Rate on Debt % Calculation

Infinitii Ai's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.09	/	( (0.408	+	0.763)	/ 2 )
=	-1 * -0.09	/	0.5855
=	15.37 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.172	+	0.236
=	0.408

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.059	+	0.704
=	0.763

Infinitii Ai's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.148	/	( (0.771	+	0.986)	/ 2 )
=	-1 * -0.148	/	0.8785
=	16.85 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.05	+	0.721
=	0.771

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.226	+	0.76
=	0.986

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Infinitii Ai (OTCPK:CDTAF) Effective Interest Rate on Debt % Explanation

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

Infinitii Ai Effective Interest Rate on Debt % Related Terms

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Infinitii Ai (Infinitii Ai) Business Description

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IAI:Canada

Address

1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7

Website

https://www.infinitii.ai

Infinitii Ai Inc provides environmental monitoring to water infrastructure utilities in the U.S and Canada. The group has developed AI-driven predictive analytics software for Smart City and Smart Industry infrastructure operations that rely on time-series data. The software performs real-time analysis, checks flow monitoring status, sets alarms through a single interface, accepts all types of data from any source, and offers predictive and prescriptive machine learning analytics. The company serves its customers through a trusted partner network that includes engineering and IT services companies like AECOM, Core & Main, Kerr Wood Leidal, K2 Geospatial, and CSL Services. It has one segment, comprised of data services. It derives the majority of its revenue from Canada.