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Innovex Downhole Solutions (Innovex Downhole Solutions) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)


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What is Innovex Downhole Solutions 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. Innovex Downhole Solutions's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. Innovex Downhole Solutions's average total debt for the quarter that ended in Sep. 2023 was $109.25 Mil. Therefore, Innovex Downhole Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

Innovex Downhole Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Innovex Downhole Solutions'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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Innovex Downhole Solutions Effective Interest Rate on Debt % Chart

Innovex Downhole Solutions Annual Data
Trend Dec21 Dec22
Effective Interest Rate on Debt %
5.50 5.25

Innovex Downhole Solutions Quarterly Data
Dec21 Sep22 Dec22 Sep23
Effective Interest Rate on Debt % - - 5.87 -

Competitive Comparison of Innovex Downhole Solutions's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Innovex Downhole Solutions'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.

Innovex Downhole Solutions's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Innovex Downhole Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Innovex Downhole Solutions's Effective Interest Rate on Debt % falls into.


Innovex Downhole Solutions Effective Interest Rate on Debt % Calculation

Innovex Downhole Solutions'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  *  -4.034/( (39.216+114.582)/ 2 )
=-1  *  -4.034/76.899
=5.25 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=33.421 + 5.795
=39.216

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=99.925 + 14.657
=114.582

Innovex Downhole Solutions'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: Dec. 2022 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  0/( (114.582+103.922)/ 2 )
=-1  *  0/109.252
=0.00 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=99.925 + 14.657
=114.582

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=75.865 + 28.057
=103.922

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

Innovex Downhole Solutions  (NYSE:INVX) Effective Interest Rate on Debt % Explanation

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

Innovex Downhole Solutions Effective Interest Rate on Debt % Related Terms

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Innovex Downhole Solutions (Innovex Downhole Solutions) Business Description

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Innovex Downhole Solutions Inc designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. Its products include Well head system, Drilling and development, Well construction, Well completion, Production solution and fishing and intervention.

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