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Cognetivity Neurosciences (Cognetivity Neurosciences) Effective Interest Rate on Debt % : 256.01% (As of Oct. 2023)


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What is Cognetivity Neurosciences 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. Cognetivity Neurosciences's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $3.88 Mil. Cognetivity Neurosciences's average total debt for the quarter that ended in Oct. 2023 was $1.51 Mil. Therefore, Cognetivity Neurosciences's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 256.01%.


Cognetivity Neurosciences Effective Interest Rate on Debt % Historical Data

The historical data trend for Cognetivity Neurosciences'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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Cognetivity Neurosciences Effective Interest Rate on Debt % Chart

Cognetivity Neurosciences Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial - 18.30 20.75 7.54 76.96

Cognetivity Neurosciences Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.80 274.20 340.54 348.85 256.01

Competitive Comparison of Cognetivity Neurosciences's Effective Interest Rate on Debt %

For the Health Information Services subindustry, Cognetivity Neurosciences'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.


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

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

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



Cognetivity Neurosciences Effective Interest Rate on Debt % Calculation

Cognetivity Neurosciences's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2022 )+Total Debt  (A: Jan. 2023 ))/ count )
=-1  *  -0.765/( (1.026+0.962)/ 2 )
=-1  *  -0.765/0.994
=76.96 %

where

Cognetivity Neurosciences's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2023 )+Total Debt  (Q: Oct. 2023 ))/ count )
=-1  *  -3.876/( (1.032+1.996)/ 2 )
=-1  *  -3.876/1.514
=256.01 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.998 + 0.998
=1.996

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


Cognetivity Neurosciences  (OTCPK:CGNSF) Effective Interest Rate on Debt % Explanation

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


Cognetivity Neurosciences Effective Interest Rate on Debt % Related Terms

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Cognetivity Neurosciences (Cognetivity Neurosciences) Business Description

Traded in Other Exchanges
Address
800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6
Cognetivity Neurosciences Ltd is a technology company developing a cognitive testing platform, the Integrated Cognitive Assessment (ICA), for use in medical, commercial, and consumer environments for potentially allowing early diagnosis of dementia. The Company is considered operating in one segment for development of the ICA platform. Its geographical areas include Canada, United Kingdom and Dubai.

Cognetivity Neurosciences (Cognetivity Neurosciences) Headlines

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