EMED (Electromedical Technologies) Effective Interest Rate on Debt %: 12.64% (As of Sep. 2024)


What is Electromedical Technologies Effective Interest Rate on Debt %?

Electromedical Technologies EMED Effective Interest Rate on Debt % is 12.64% as of Sep. 2024.

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. Electromedical Technologies's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.22 Mil. Electromedical Technologies's average total debt for the quarter that ended in Sep. 2024 was $1.74 Mil. Therefore, Electromedical Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 12.64%.

Electromedical Technologies  (OTCPK:EMED) Effective Interest Rate on Debt % Explanation

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

Electromedical Technologies Effective Interest Rate on Debt % Related Terms

Electromedical Technologies Effective Interest Rate on Debt % Historical Data

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The historical data trend for Electromedical Technologies'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.

Electromedical Technologies Effective Interest Rate on Debt % Chart

Electromedical Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
2.23 40.15 225.14 44.58 48.60

Electromedical Technologies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 39.61 13.62 13.04 12.39 12.64

EMED vs DYNT, SONX, USAQ: Effective Interest Rate on Debt % Comparison

For the Medical Devices subindustry, Electromedical Technologies'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.

Electromedical Technologies Effective Interest Rate on Debt % vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Electromedical Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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


Electromedical Technologies Effective Interest Rate on Debt % Calculation

Electromedical Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -0.893/( (1.977+1.698)/ 2 )
=-1  *  -0.893/1.8375
=48.60 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.64 + 1.337
=1.977

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.256 + 1.442
=1.698

Electromedical Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -0.22/( (1.821+1.66)/ 2 )
=-1  *  -0.22/1.7405
=12.64 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.229 + 1.592
=1.821

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.214 + 1.446
=1.66

* 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. 2024) 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 12.64% mean?
Electromedical Technologies (EMED) has a Effective Interest Rate on Debt % of 12.64% as of Sep. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Electromedical Technologies and its competitors.
Is Electromedical Technologies' Effective Interest Rate on Debt % too high?
Electromedical Technologies' current Effective Interest Rate on Debt % is 12.64%.
How does Electromedical Technologies' Effective Interest Rate on Debt % compare to DYNT and SONX?
Electromedical Technologies' Effective Interest Rate on Debt % of 12.64% can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Effective Interest Rate on Debt % depends on the Medical Devices & Instruments 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 Electromedical Technologies and its competitors. Electromedical Technologies's current Effective Interest Rate on Debt % is 12.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electromedical Technologies stock overvalued right now?
Electromedical Technologies (EMED) has a current Effective Interest Rate on Debt % of 12.64%. The current Effective Interest Rate on Debt % is 12.64%. 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 Electromedical Technologies (EMED), the current Effective Interest Rate on Debt % is 12.64% as of Sep. 2024. 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.

Electromedical Technologies Business Description

Address 10105 E. Via Linda, No. 103-300, Scottsdale, AZ, USA, 85258
Electromedical Technologies Inc is a Delaware-based bioelectronics manufacturing company. The company designs, develops, and markets FDA-cleared, non-invasive, and simple-to-use bioelectronics therapy medical devices that serve as drug-free alternatives for pain relief. The company's device provide immediate and long-lasting pain relief across the broadest range of ailments. It focuses on improving globalised wellness for people suffering from various painful conditions.