Innerscope Hearing Technologies (Innerscope Hearing Technologies) Effective Interest Rate on Debt % : 8.90% (As of Dec. 2020)

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What is Innerscope Hearing 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. Innerscope Hearing Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2020 was $0.49 Mil. Innerscope Hearing Technologies's average total debt for the quarter that ended in Dec. 2020 was $5.48 Mil. Therefore, Innerscope Hearing Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 was 8.90%.

Innerscope Hearing Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Innerscope Hearing 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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Innerscope Hearing Technologies Effective Interest Rate on Debt % Chart

Innerscope Hearing Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

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6.68

105.14

114.01

33.99

Innerscope Hearing Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															94.63	11.35	43.76	21.03	8.90

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

For the Medical Instruments & Supplies subindustry, Innerscope Hearing 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.

Innerscope Hearing Technologies's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Innerscope Hearing Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Innerscope Hearing Technologies Effective Interest Rate on Debt % Calculation

Innerscope Hearing Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -1.712	/	( (4.6	+	5.475)	/ 2 )
=	-1 * -1.712	/	5.0375
=	33.99 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.684	+	2.916
=	4.6

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.617	+	3.858
=	5.475

Innerscope Hearing Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2020 )	+	Total Debt (Q: Dec. 2020 ))	/ count )
=	-1 * -0.488	/	( (5.487	+	5.475)	/ 2 )
=	-1 * -0.488	/	5.481
=	8.90 %

where

	Total Debt (Q: Sep. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.698	+	3.789
=	5.487

	Total Debt (Q: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.617	+	3.858
=	5.475

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 (Dec. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Innerscope Hearing Technologies (OTCPK:INND) Effective Interest Rate on Debt % Explanation

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

Innerscope Hearing Technologies Effective Interest Rate on Debt % Related Terms

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Innerscope Hearing Technologies (Innerscope Hearing Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Innerscope Hearing Technologies Inc (OTCPK:INND) » Definitions » Effective Interest Rate on Debt %

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Address

2151 Professional Drive, Second Floor, Roseville, CA, USA, 95661

Website

https://www.innd.com

Innerscope Hearing Technologies Inc is a manufacturer and a DTC distributor/retailer of FDA-registered hearing aids, personal sound amplifier products, hearing-related treatment therapies, doctor-formulated dietary hearing supplements, and proprietary CDB oil for treating tinnitus. It also owns and operates audiological and retail hearing device clinics and plans to continue to open and acquire additional clinics. The company operates retail hearing device clinics in California.