Innovative Holdings Alliance (Innovative Holdings Alliance) Effective Interest Rate on Debt % : 2.23% (As of Aug. 2023)

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What is Innovative Holdings Alliance 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. Innovative Holdings Alliance's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was $0.01 Mil. Innovative Holdings Alliance's average total debt for the quarter that ended in Aug. 2023 was $0.36 Mil. Therefore, Innovative Holdings Alliance's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 2.23%.

Innovative Holdings Alliance Effective Interest Rate on Debt % Historical Data

The historical data trend for Innovative Holdings Alliance'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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Innovative Holdings Alliance Effective Interest Rate on Debt % Chart

Innovative Holdings Alliance Annual Data

Trend

Effective Interest Rate on Debt %

Innovative Holdings Alliance Semi-Annual Data
	Aug22	Aug23
Effective Interest Rate on Debt %	-	2.23

Competitive Comparison of Innovative Holdings Alliance's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Innovative Holdings Alliance'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.

Innovative Holdings Alliance's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Innovative Holdings Alliance's Effective Interest Rate on Debt % distribution charts can be found below:

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

Innovative Holdings Alliance Effective Interest Rate on Debt % Calculation

Innovative Holdings Alliance's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

Innovative Holdings Alliance's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2022 )	+	Total Debt (Q: Aug. 2023 ))	/ count )
=	-1 * -0.008	/	( (0	+	0.359)	/ 1 )
=	-1 * -0.008	/	0.359
=	2.23 %

where

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

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.359
=	0.359

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

Innovative Holdings Alliance (OTCPK:IHAI) Effective Interest Rate on Debt % Explanation

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

Innovative Holdings Alliance Effective Interest Rate on Debt % Related Terms

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Innovative Holdings Alliance (Innovative Holdings Alliance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Innovative Holdings Alliance Inc (OTCPK:IHAI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

12850 Hwy 9 North, Suite 600-462, Alpharetta, GA, USA, 30004

Website

https://www.innovativeholdingsalliance.com

Innovative Holdings Alliance Inc plans to participate in and acquire interests that are edge in their respective market niches and have expectations of enhancing shareholder value.

Innovative Holdings Alliance (Innovative Holdings Alliance) Headlines

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