EYESW (Second Sight Medical Products) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2022)

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What is Second Sight Medical Products 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. Second Sight Medical Products's annualized positive value of Interest Expense for the quarter that ended in Jun. 2022 was $0.00 Mil. Second Sight Medical Products's average total debt for the quarter that ended in Jun. 2022 was $0.18 Mil. Therefore, Second Sight Medical Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 was 0.00%.

Second Sight Medical Products Effective Interest Rate on Debt % Historical Data

The historical data trend for Second Sight Medical Products'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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Second Sight Medical Products Effective Interest Rate on Debt % Chart

Second Sight Medical Products Annual Data

Trend

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Effective Interest Rate on Debt %

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Second Sight Medical Products Quarterly Data
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Competitive Comparison of Second Sight Medical Products's Effective Interest Rate on Debt %

For the Medical Devices subindustry, Second Sight Medical Products'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.

Second Sight Medical Products's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Second Sight Medical Products's Effective Interest Rate on Debt % falls into.

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Second Sight Medical Products Effective Interest Rate on Debt % Calculation

Second Sight Medical Products's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * 0	/	( (2.2	+	0.237)	/ 2 )
=	-1 * 0	/	1.2185
=	0.00 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.2
=	2.2

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.052	+	0.185
=	0.237

Second Sight Medical Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Jun. 2022 ))	/ count )
=	-1 * 0	/	( (0.199	+	0.151)	/ 2 )
=	-1 * 0	/	0.175
=	0.00 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.199
=	0.199

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.151
=	0.151

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 (Jun. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Second Sight Medical Products (NAS:EYESW) Effective Interest Rate on Debt % Explanation

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

Second Sight Medical Products Effective Interest Rate on Debt % Related Terms

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Second Sight Medical Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Second Sight Medical Products Inc (NAS:EYESW) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

13170 Telfair Avenue, Sylmar, CA, USA, 91342

Website

https://www.secondsight.com

Second Sight Medical Products Inc develops, manufactures, and markets implantable prosthetic devices to create an artificial form of useful vision for blind individuals. The company's product Argus II System treats outer retinal degenerations, such as Retinitis Pigmentosa, often referred to as RP. The company generates revenue from the sale of its Argus II retinal prosthesis systems, which include the implant and external components. Geographically, the company operates in the United States, Italy, China, and of which key revenue is derived from the United States.