CLRD (Clearday) Effective Interest Rate on Debt %: 25.25% (As of Sep. 2023)

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What is Clearday Effective Interest Rate on Debt %?

Clearday CLRD Effective Interest Rate on Debt % is 25.25% as of Sep. 2023.

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. Clearday's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $5.94 Mil. Clearday's average total debt for the quarter that ended in Sep. 2023 was $23.53 Mil. Therefore, Clearday's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 25.25%.

Clearday  (OTCPK:CLRD) Effective Interest Rate on Debt % Explanation

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

Clearday Effective Interest Rate on Debt % Related Terms

Clearday Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Clearday'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.

Clearday Effective Interest Rate on Debt % Chart

Clearday Annual Data
Trend Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
1.04 2.79 7.56

Clearday Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 8.98 16.85 8.61 31.26 25.25

CLRD vs VLXC, AMS, GBCS: Effective Interest Rate on Debt % Comparison

For the Medical Care Facilities subindustry, Clearday'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.

Clearday Effective Interest Rate on Debt % vs Healthcare Providers & Services Industry

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

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


Clearday Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -3.727/( (53.48+45.064)/ 2 )
=-1  *  -3.727/49.272
=7.56 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=45.356 + 8.124
=53.48

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=25.809 + 19.255
=45.064

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -5.94/( (22.627+24.423)/ 2 )
=-1  *  -5.94/23.525
=25.25 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.62 + 17.007
=22.627

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.544 + 19.879
=24.423

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

What does a Effective Interest Rate on Debt % of 25.25% mean?
Clearday (CLRD) has a Effective Interest Rate on Debt % of 25.25% as of Sep. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Clearday and its competitors.
Is Clearday's Effective Interest Rate on Debt % too high?
Clearday's current Effective Interest Rate on Debt % is 25.25%.
How does Clearday's Effective Interest Rate on Debt % compare to VLXC and AMS?
Clearday's Effective Interest Rate on Debt % of 25.25% can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Healthcare Providers & Services company?
A good Effective Interest Rate on Debt % depends on the Healthcare Providers & Services industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Clearday and its competitors. Clearday's current Effective Interest Rate on Debt % is 25.25%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearday stock overvalued right now?
Clearday (CLRD) has a current Effective Interest Rate on Debt % of 25.25%. The current Effective Interest Rate on Debt % is 25.25%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Clearday (CLRD), the current Effective Interest Rate on Debt % is 25.25% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Clearday Business Description

Address 8800 Village Drive, Suite 106, San Antonio, TX, USA, 78217
Clearday Inc is a non-acute health care services company. It owns and operates one residential care facility and one adult daycare facility, and its focus is on marketing its digital care services to third parties. The company manages its business as two operating segments, the Longevity-Tech Platform and Personal Care.