INVRD (Inverite Insights) Effective Interest Rate on Debt % : 11.03% (As of Dec. 2024)

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What is Inverite Insights 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. Inverite Insights's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $0.14 Mil. Inverite Insights's average total debt for the quarter that ended in Dec. 2024 was $1.23 Mil. Therefore, Inverite Insights's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 11.03%.

Inverite Insights Effective Interest Rate on Debt % Historical Data

The historical data trend for Inverite Insights'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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Inverite Insights Effective Interest Rate on Debt % Chart

Inverite Insights Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

12.23

10.35

9.81

9.22

10.06

Inverite Insights Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.10	11.51	16.31	14.40	11.03

Competitive Comparison of Inverite Insights's Effective Interest Rate on Debt %

For the Credit Services subindustry, Inverite Insights'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.

Inverite Insights's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Inverite Insights's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Inverite Insights Effective Interest Rate on Debt % Calculation

Inverite Insights's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -0.495	/	( (4.68	+	5.159)	/ 2 )
=	-1 * -0.495	/	4.9195
=	10.06 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.192	+	0.488
=	4.68

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.046	+	1.113
=	5.159

Inverite Insights's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.136	/	( (1.203	+	1.263)	/ 2 )
=	-1 * -0.136	/	1.233
=	11.03 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.203
=	1.203

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.263
=	1.263

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

Inverite Insights (OTCPK:INVRD) Effective Interest Rate on Debt % Explanation

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

Inverite Insights Effective Interest Rate on Debt % Related Terms

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Inverite Insights Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Inverite Insights Inc (OTCPK:INVRD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

2V00:Germany INVR:Canada

Address

999 Canada Place, Suite 404, Vancouver, BC, CAN, V6C 3E2.

Website

https://www.inverite.com

Inverite Insights Inc provides AI-driven software focusing on real-time financial data, which empowers business lenders and financial institutions to transact effectively for data enrichment, identify-KYC, risk management, and compliance. The company operates a cloud-based transactional and Risk Model as a Service (RMaaS) platform; and offers open banking and consumer-directed finance solutions, including banking verification solutions to the financial services industry for income verification, credit decisioning, fraud reduction, and know-your-client/anti-money laundering purposes.