CardioGenics Holdings (CardioGenics Holdings) Effective Interest Rate on Debt % : 223.50% (As of Jan. 2016)

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What is CardioGenics Holdings 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. CardioGenics Holdings's annualized positive value of Interest Expense for the quarter that ended in Jan. 2016 was $0.50 Mil. CardioGenics Holdings's average total debt for the quarter that ended in Jan. 2016 was $0.23 Mil. Therefore, CardioGenics Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2016 was 223.50%.

CardioGenics Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for CardioGenics Holdings'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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CardioGenics Holdings Effective Interest Rate on Debt % Chart

CardioGenics Holdings Annual Data

Trend

Jul06

Jul07

Jul08

Oct09

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Effective Interest Rate on Debt %

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56.34

137.50

188.68

951.42

656.55

CardioGenics Holdings Quarterly Data
	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															785.19	422.56	435.15	320.77	223.50

Competitive Comparison of CardioGenics Holdings's Effective Interest Rate on Debt %

For the Diagnostics & Research subindustry, CardioGenics Holdings'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.

CardioGenics Holdings's Effective Interest Rate on Debt % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, CardioGenics Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

CardioGenics Holdings Effective Interest Rate on Debt % Calculation

CardioGenics Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2015 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2014 )	+	Total Debt (A: Oct. 2015 ))	/ count )
=	-1 * -0.476	/	( (0.072	+	0.073)	/ 2 )
=	-1 * -0.476	/	0.0725
=	656.55 %

where

	Total Debt (A: Oct. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.072
=	0.072

	Total Debt (A: Oct. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.073
=	0.073

CardioGenics Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2015 )	+	Total Debt (Q: Jan. 2016 ))	/ count )
=	-1 * -0.504	/	( (0.073	+	0.378)	/ 2 )
=	-1 * -0.504	/	0.2255
=	223.50 %

where

	Total Debt (Q: Oct. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.073
=	0.073

	Total Debt (Q: Jan. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.378
=	0.378

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. 2016) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

CardioGenics Holdings (OTCPK:CGNH) Effective Interest Rate on Debt % Explanation

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

CardioGenics Holdings Effective Interest Rate on Debt % Related Terms

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CardioGenics Holdings (CardioGenics Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » CardioGenics Holdings Inc (OTCPK:CGNH) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

6295 Northam Drive, Unit 8, Mississauga, ON, CAN, L4V 1W8

Website

http://www.cardiogenics.com

CardioGenics Holdings Inc is a biotechnology company. It is engaged in the development and commercialization of diagnostic test products for the In-Vitro Diagnostics (IVD) testing market. The company's objective is to create, develop and commercialize superior, innovative, cost-effective and patent-protected products for the IVD based on proprietary technologies. Its products include QL Care Analyzer, Immunoassay Tests, and Paramagnetic Beads. The business activity is primarily carried out through the region of Canada.

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