IONM (Assure Holdings) Effective Interest Rate on Debt %: 17.56% (As of Jun. 2024)


IONM Assure Holdings Corp IONM
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What is Assure Holdings Effective Interest Rate on Debt %?

Assure Holdings IONM 12 Effective Interest Rate on Debt % is 17.56% as of Jun. 2024. GuruFocus rates IONM with a GF Score™ of 12/100.

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. Assure Holdings's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $2.66 Mil. Assure Holdings's average total debt for the quarter that ended in Jun. 2024 was $15.17 Mil. Therefore, Assure Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 17.56%.

Assure Holdings  (OTCPK:IONM) Effective Interest Rate on Debt % Explanation

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

Assure Holdings Effective Interest Rate on Debt % Related Terms

Assure Holdings Effective Interest Rate on Debt % Historical Data

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The historical data trend for Assure Holdings'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.

Assure Holdings Effective Interest Rate on Debt % Chart

Assure Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.16 5.61 9.20 15.35 18.60

Assure Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.33 18.85 18.67 17.03 17.56

IONM vs NHLG, HCA, DVA: Effective Interest Rate on Debt % Comparison

For the Medical Care Facilities subindustry, Assure Holdings'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.

Assure Holdings Effective Interest Rate on Debt % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Assure Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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


IONM
12GF Score
Assure Holdings Corp IONM
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Assure Holdings Effective Interest Rate on Debt % Calculation

Assure Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -2.712/( (14.353+14.805)/ 2 )
=-1  *  -2.712/14.579
=18.60 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12.838 + 1.515
=14.353

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.505 + 14.3
=14.805

Assure Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -2.664/( (14.741+15.603)/ 2 )
=-1  *  -2.664/15.172
=17.56 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.235 + 14.506
=14.741

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.135 + 15.468
=15.603

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

What does a Effective Interest Rate on Debt % of 17.56% mean?
Assure Holdings (IONM) has a Effective Interest Rate on Debt % of 17.56% as of Jun. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Assure Holdings and its competitors.
Is Assure Holdings' Effective Interest Rate on Debt % too high?
Assure Holdings' current Effective Interest Rate on Debt % is 17.56%. Overall, Assure Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Assure Holdings' Effective Interest Rate on Debt % compare to NHLG and HCA?
Assure Holdings' Effective Interest Rate on Debt % of 17.56% can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Healthcare Providers & Services company?
A good Effective Interest Rate on Debt % depends on the Healthcare Providers & Services industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Assure Holdings and its competitors. Assure Holdings's current Effective Interest Rate on Debt % is 17.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Assure Holdings stock overvalued right now?
Assure Holdings (IONM) has a current Effective Interest Rate on Debt % of 17.56%. The current Effective Interest Rate on Debt % is 17.56%. Assure Holdings' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Assure Holdings (IONM), the current Effective Interest Rate on Debt % is 17.56% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Assure Holdings Business Description

Address 7887 East Belleview Avenue, Suite 240, Denver, CO, USA, 80111
Assure Holdings Corp provides technical and professional intraoperative neuromonitoring (IONM) surgical support services for neurosurgery, spine, cardiovascular, orthopedic, ear, nose, and throat, and other surgical procedures that place the nervous system at risk.
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