Fact (FCTI) Effective Interest Rate on Debt %: 27.56% (As of Oct. 2021)


What is Fact Effective Interest Rate on Debt %?

Fact FCTI -99.50% Effective Interest Rate on Debt % is 27.56% as of Oct. 2021.

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. Fact's annualized positive value of Interest Expense for the quarter that ended in Oct. 2021 was $0.18 Mil. Fact's average total debt for the quarter that ended in Oct. 2021 was $0.64 Mil. Therefore, Fact's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2021 was 27.56%.

Fact  (OTCPK:FCTI) Effective Interest Rate on Debt % Explanation

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

Fact Effective Interest Rate on Debt % Related Terms

Fact Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Fact'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.

Fact Effective Interest Rate on Debt % Chart

Fact Annual Data
Trend Jan18 Jan19 Jan20 Jan21
Effective Interest Rate on Debt %
0.00 0.00 0.00 189.86

Fact Quarterly Data
Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21
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 0.00 419.20 373.89 191.04 27.56

FCTI vs DIGAF, NDVN, ATYG: Effective Interest Rate on Debt % Comparison

For the Information Technology Services subindustry, Fact'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.

Fact Effective Interest Rate on Debt % vs Software Industry

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

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


Fact Effective Interest Rate on Debt % Calculation

Fact's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2020 )+Total Debt  (A: Jan. 2021 ))/ count )
=-1  *  -0.131/( (0.013+0.125)/ 2 )
=-1  *  -0.131/0.069
=189.86 %

where

Total Debt  (A: Jan. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.013
=0.013

Total Debt  (A: Jan. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.125
=0.125

Fact's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2021 )+Total Debt  (Q: Oct. 2021 ))/ count )
=-1  *  -0.176/( (0.613+0.664)/ 2 )
=-1  *  -0.176/0.6385
=27.56 %

where

Total Debt  (Q: Jul. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.112 + 0.501
=0.613

Total Debt  (Q: Oct. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.664
=0.664

* 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. 2021) 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 27.56% mean?
Fact (FCTI) has a Effective Interest Rate on Debt % of 27.56% as of Oct. 2021. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Fact and its competitors.
Is Fact's Effective Interest Rate on Debt % too high?
Fact's current Effective Interest Rate on Debt % is 27.56%.
How does Fact's Effective Interest Rate on Debt % compare to DIGAF and NDVN?
Fact's Effective Interest Rate on Debt % of 27.56% can be compared against companies in the Software 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 Software company?
A good Effective Interest Rate on Debt % depends on the Software 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 Fact and its competitors. Fact's current Effective Interest Rate on Debt % is 27.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fact stock overvalued right now?
Fact (FCTI) has a current Effective Interest Rate on Debt % of 27.56%. The current Effective Interest Rate on Debt % is 27.56%. 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 Fact (FCTI), the current Effective Interest Rate on Debt % is 27.56% as of Oct. 2021. 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.

Fact Business Description

Address 2 Toronto street, Suite 231, Toronto, ON, CAN, M5C 2B5
Fact Inc is a forensic technology company. The company uses forensic technology to validate the authenticity of artworks and paintings. The technology helps to verify whether art is an original or a forgery.