Image Protect (Image Protect) Effective Interest Rate on Debt % : 11.52% (As of Sep. 2023)

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What is Image Protect 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. Image Protect's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.07 Mil. Image Protect's average total debt for the quarter that ended in Sep. 2023 was $0.63 Mil. Therefore, Image Protect's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 11.52%.

Image Protect Effective Interest Rate on Debt % Historical Data

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

Image Protect Annual Data

Trend

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec15

Dec16

Effective Interest Rate on Debt %

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10.19

85.00

Image Protect Quarterly Data
	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Sep22	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															43.90	64.05	68.99	55.26	11.52

Competitive Comparison of Image Protect's Effective Interest Rate on Debt %

For the Software - Application subindustry, Image Protect'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.

Image Protect's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Image Protect's Effective Interest Rate on Debt % distribution charts can be found below:

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

Image Protect Effective Interest Rate on Debt % Calculation

Image Protect's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2015 )	+	Total Debt (A: Dec. 2016 ))	/ count )
=	-1 * -0.187	/	( (0.112	+	0.328)	/ 2 )
=	-1 * -0.187	/	0.22
=	85.00 %

where

	Total Debt (A: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.112
=	0.112

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.328
=	0.328

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.072	/	( (0	+	0.625)	/ 1 )
=	-1 * -0.072	/	0.625
=	11.52 %

where

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

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.625
=	0.625

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

Image Protect (OTCPK:IMTL) Effective Interest Rate on Debt % Explanation

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

Image Protect Effective Interest Rate on Debt % Related Terms

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Image Protect (Image Protect) Business Description

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Address

30 Wall Street, 8 Floor, New York, NY, USA, 10005

Website

https://www.imageprotect.com

Image Protect Inc is a media company focusing on microcap news, information and disclosure, crypto, blockchain, and streaming digital assets. Its digital asset library and proprietary technology via its subsidiary Fotofy. are conducive to the foundation of an impactful NFT marketplace.