HTGMQ (HTG Molecular Diagnostics) Effective Interest Rate on Debt %: 12.53% (As of Mar. 2023)

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HTGMQ HTG Molecular Diagnostics Inc HTGMQ
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What is HTG Molecular Diagnostics Effective Interest Rate on Debt %?

HTG Molecular Diagnostics HTGMQ -99.00% 12 Effective Interest Rate on Debt % is 12.53% as of Mar. 2023. GuruFocus rates HTGMQ with a GF Score™ of 12/100.

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. HTG Molecular Diagnostics's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $0.55 Mil. HTG Molecular Diagnostics's average total debt for the quarter that ended in Mar. 2023 was $4.41 Mil. Therefore, HTG Molecular Diagnostics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 12.53%.


HTG Molecular Diagnostics  (OTCPK:HTGMQ) Effective Interest Rate on Debt % Explanation

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


HTG Molecular Diagnostics Effective Interest Rate on Debt % Related Terms


HTG Molecular Diagnostics Effective Interest Rate on Debt % Historical Data

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The historical data trend for HTG Molecular Diagnostics'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.

HTG Molecular Diagnostics Effective Interest Rate on Debt % Chart

HTG Molecular Diagnostics Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.79 9.15 8.58 8.75 10.36

HTG Molecular Diagnostics Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 Premium Member Only Premium Member Only Premium Member Only 9.41 10.31 10.58 12.34 12.53

HTGMQ vs ABMC, TMO, DHR: Effective Interest Rate on Debt % Comparison

For the Diagnostics & Research subindustry, HTG Molecular Diagnostics'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.


HTG Molecular Diagnostics Effective Interest Rate on Debt % vs Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, HTG Molecular Diagnostics's Effective Interest Rate on Debt % distribution charts can be found below:

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


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HTG Molecular Diagnostics Inc HTGMQ
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HTG Molecular Diagnostics Effective Interest Rate on Debt % Calculation

HTG Molecular Diagnostics'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  *  -0.857/( (11.709+4.834)/ 2 )
=-1  *  -0.857/8.2715
=10.36 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.128 + 5.581
=11.709

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.546 + 4.288
=4.834

HTG Molecular Diagnostics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Mar. 2023 ))/ count )
=-1  *  -0.552/( (4.834+3.98)/ 2 )
=-1  *  -0.552/4.407
=12.53 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.546 + 4.288
=4.834

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.423 + 3.557
=3.98

* 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 (Mar. 2023) 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 12.53% mean?
HTG Molecular Diagnostics (HTGMQ) has a Effective Interest Rate on Debt % of 12.53% as of Mar. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on HTG Molecular Diagnostics and its competitors.
Is HTG Molecular Diagnostics' Effective Interest Rate on Debt % too high?
HTG Molecular Diagnostics' current Effective Interest Rate on Debt % is 12.53%. Overall, HTG Molecular Diagnostics has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does HTG Molecular Diagnostics' Effective Interest Rate on Debt % compare to ABMC and TMO?
HTG Molecular Diagnostics' Effective Interest Rate on Debt % of 12.53% can be compared against companies in the Medical Diagnostics & Research 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 Medical Diagnostics & Research company?
A good Effective Interest Rate on Debt % depends on the Medical Diagnostics & Research 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 HTG Molecular Diagnostics and its competitors. HTG Molecular Diagnostics's current Effective Interest Rate on Debt % is 12.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HTG Molecular Diagnostics stock overvalued right now?
HTG Molecular Diagnostics (HTGMQ) has a current Effective Interest Rate on Debt % of 12.53%. The current Effective Interest Rate on Debt % is 12.53%. HTG Molecular Diagnostics' overall GF Score™ is 12/100. 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 HTG Molecular Diagnostics (HTGMQ), the current Effective Interest Rate on Debt % is 12.53% as of Mar. 2023. 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.

HTG Molecular Diagnostics Business Description

Address 3430 E. Global Loop, Tucson, AZ, USA, 85706
HTG Molecular Diagnostics Inc is a life science company whose mission is to advance precision medicine through its transcriptome-wide profiling and medicinal chemistry technologies. The company derives revenue from sales of its HTG EdgeSeq system and integrated next-generation sequencing-based HTG EdgeSeq research use only assays and from sample processing services performed in its VERI/O laboratory. The company operates in one segment and its customers and distributors are located in the United States and Europe.
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