Himalaya Technologies (Himalaya Technologies) Effective Interest Rate on Debt % : 29.21% (As of Jan. 2024)

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What is Himalaya Technologies 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. Himalaya Technologies's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.05 Mil. Himalaya Technologies's average total debt for the quarter that ended in Jan. 2024 was $0.18 Mil. Therefore, Himalaya Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 29.21%.

Himalaya Technologies Effective Interest Rate on Debt % Historical Data

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

Himalaya Technologies Annual Data

Trend

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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7.11

9.53

24.31

6.68

13.91

Himalaya Technologies Quarterly Data
	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.95	17.62	15.13	13.90	29.21

Competitive Comparison of Himalaya Technologies's Effective Interest Rate on Debt %

For the Internet Content & Information subindustry, Himalaya Technologies'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.

Himalaya Technologies's Effective Interest Rate on Debt % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Himalaya Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Himalaya Technologies Effective Interest Rate on Debt % Calculation

Himalaya Technologies'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 * -0.034	/	( (0.286	+	0.203)	/ 2 )
=	-1 * -0.034	/	0.2445
=	13.91 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.286
=	0.286

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.203
=	0.203

Himalaya Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.052	/	( (0.2	+	0.156)	/ 2 )
=	-1 * -0.052	/	0.178
=	29.21 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.2
=	0.2

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.156
=	0.156

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Himalaya Technologies (OTCPK:HMLA) Effective Interest Rate on Debt % Explanation

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

Himalaya Technologies Effective Interest Rate on Debt % Related Terms

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Himalaya Technologies (Himalaya Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Himalaya Technologies Inc (OTCPK:HMLA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

831 West North Avenue, Pittsburgh, PA, USA, 15233

Website

https://www.himalayatechnologies.com

Himalaya Technologies Inc along with its subsidiaries is targeting information services for the cannabis industry. The company uses its social site Kanab.Club. It is a cannabis social media platform which acts as a benchmark for uniting the cannabis community.

Executives

Vikram P Grover	director, 10 percent owner, officer: CEO, Chairman	1340 BROOK ST. UNIT M, ST CHARLES IL 60174
Paul D Maniscalco	officer: Chief Financial Officer	1600 STOUT STREET, #450, DENVER CO 80202
St James David M	director	3395 S. JONES BLVD., #169, LAS VEGAS NV 89146
Thomas Fw Campbell	10 percent owner	1155 W. CALLE FUENTE DE CARINO, SAHUARITA AZ 85629