ENETF (Ethernity Networks) Effective Interest Rate on Debt % : 13.39% (As of Dec. 2023)

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What is Ethernity Networks 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. Ethernity Networks's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.26 Mil. Ethernity Networks's average total debt for the quarter that ended in Dec. 2023 was $1.94 Mil. Therefore, Ethernity Networks's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.39%.

Ethernity Networks Effective Interest Rate on Debt % Historical Data

The historical data trend for Ethernity Networks'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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Ethernity Networks Effective Interest Rate on Debt % Chart

Ethernity Networks Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.24

3.56

2.83

7.70

13.03

Ethernity Networks Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial													3.82	8.49	8.76	10.51	13.39

Competitive Comparison of Ethernity Networks's Effective Interest Rate on Debt %

For the Software - Application subindustry, Ethernity Networks'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.

Ethernity Networks's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Ethernity Networks Effective Interest Rate on Debt % Calculation

Ethernity Networks'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 * -0.283	/	( (3.142	+	1.202)	/ 2 )
=	-1 * -0.283	/	2.172
=	13.03 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.506	+	0.636
=	3.142

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.764	+	0.438
=	1.202

Ethernity Networks'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.26	/	( (2.682	+	1.202)	/ 2 )
=	-1 * -0.26	/	1.942
=	13.39 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.279	+	0.403
=	2.682

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.764	+	0.438
=	1.202

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

Ethernity Networks (OTCPK:ENETF) Effective Interest Rate on Debt % Explanation

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

Ethernity Networks Effective Interest Rate on Debt % Related Terms

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Ethernity Networks Business Description

Industry

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ENET:UK 82N:Germany

Address

1 Golan Street, Corner HaNegev, Beit Golan, 3rd Floor, Airport City, ISR, 7019900

Website

https://www.ethernitynet.com

Ethernity Networks Ltd technology solutions provider that develops and delivers data processing technology and solutions used in high-end Carrier Ethernet applications across the telecom, mobile, security, and data center markets. The company's only operating segment is the development and delivery of high-end network processing technology. Geographically, it derives a majority of its revenue from the United States and also has a presence in Asia, Europe, Israel, and the United States. Its product categories include ENET Network Appliances, PON Devices ACE-NIC SmartNICs, ENET Flow Processors, and FPGA Boards.