HS GovTech Solutions (FRA:38H) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2023)

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What is HS GovTech Solutions 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. HS GovTech Solutions's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was €0.00 Mil. HS GovTech Solutions's average total debt for the quarter that ended in Jun. 2023 was €1.23 Mil. Therefore, HS GovTech Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 0.00%.

HS GovTech Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for HS GovTech Solutions'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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HS GovTech Solutions Effective Interest Rate on Debt % Chart

HS GovTech Solutions Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Dec21

Dec22

Effective Interest Rate on Debt %

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14.57

19.86

34.85

2.93

5.62

HS GovTech Solutions Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															18.18	36.36	19.02	22.51	-

Competitive Comparison of HS GovTech Solutions's Effective Interest Rate on Debt %

For the Health Information Services subindustry, HS GovTech Solutions'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.

HS GovTech Solutions's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

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

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

HS GovTech Solutions Effective Interest Rate on Debt % Calculation

HS GovTech Solutions'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 * -0.039	/	( (0.021	+	1.366)	/ 2 )
=	-1 * -0.039	/	0.6935
=	5.62 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.021
=	0.021

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.204	+	0.162
=	1.366

HS GovTech Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * 0	/	( (1.228	+	0)	/ 1 )
=	-1 * 0	/	1.228
=	0.00 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.207	+	0.021
=	1.228

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

HS GovTech Solutions (FRA:38H) Effective Interest Rate on Debt % Explanation

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

HS GovTech Solutions Effective Interest Rate on Debt % Related Terms

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HS GovTech Solutions (FRA:38H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HS GovTech Solutions Inc (FRA:38H) » Definitions » Effective Interest Rate on Debt %

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Address

750 West Pender Street, Suite 303, Vancouver, BC, CAN, V6C 2T7

Website

https://www.hsgovtech.com

HS GovTech Solutions Inc is a provider of web-based and mobile solutions for health and safety regulatory agencies across North America. The solutions offered by the company include Environmental Health, Code Enforcement, Fire & Safety, Virtual Inspections, Payment Processing, Mobile Inspections, and Citizen Portal. The Company operates in one industry segment within two geographical areas: Canada and the United States of America.

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