Halberd (Halberd) Effective Interest Rate on Debt % : 4.67% (As of Jul. 2023)

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What is Halberd 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. Halberd's annualized positive value of Interest Expense for the quarter that ended in Jul. 2023 was $0.01 Mil. Halberd's average total debt for the quarter that ended in Jul. 2023 was $0.15 Mil. Therefore, Halberd's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 was 4.67%.

Halberd Effective Interest Rate on Debt % Historical Data

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

Halberd Annual Data

Trend

Jul08

Jul22

Jul23

Effective Interest Rate on Debt %

5.47

2.60

4.67

Halberd Semi-Annual Data
	Jul08	Jul22	Jul23
Effective Interest Rate on Debt %	5.47	2.60	4.67

Competitive Comparison of Halberd's Effective Interest Rate on Debt %

For the Biotechnology subindustry, Halberd'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.

Halberd's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Halberd's Effective Interest Rate on Debt % distribution charts can be found below:

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

Halberd Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -0.007	/	( (0.15	+	0.15)	/ 2 )
=	-1 * -0.007	/	0.15
=	4.67 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.15	+	0
=	0.15

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.15	+	0
=	0.15

Halberd's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2022 )	+	Total Debt (Q: Jul. 2023 ))	/ count )
=	-1 * -0.007	/	( (0.15	+	0.15)	/ 2 )
=	-1 * -0.007	/	0.15
=	4.67 %

where

	Total Debt (Q: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.15	+	0
=	0.15

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.15	+	0
=	0.15

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

Halberd (OTCPK:HALB) Effective Interest Rate on Debt % Explanation

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

Halberd Effective Interest Rate on Debt % Related Terms

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Halberd (Halberd) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Halberd Corp (OTCPK:HALB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 25, Jackson Center, PA, USA, 16133

Website

https://www.halberdcorporation.com

Halberd Corp is a research-based biotechnology company seeking to discover and develop medical treatments for a range of diseases. The Company's extracorporeal treatment is designed to treat hard-to-cure blood-borne, neurologic and infectious diseases. The Company's patented methodology removes the appropriate bodily fluid from the patient, in a continuous fashion, like dialysis, or in a batch process, like blood sample testing.

Executives

John Christopher Maddox	director, 10 percent owner, officer: President, COO, Treasurer and, other: Interim CFO	10755 VERNON, HUNTINGTON WOODS MI 48070
Mark Sven Lundquist	director, 10 percent owner, officer: CEO, Secretary and Director	24655 TUDOR LANE, FRANKLIN MI 48025
Cocco Nicholas A. Jr.	director	50104 N. JIMMY COURT, CHESTERFIELD MI 48047-1898
Leland Michael Thomas	director	280 LASALLE PLACE, GROSSE POINTE FARMS MI 88236