IVBT (Innovation1 Biotech) Effective Interest Rate on Debt %: 103.93% (As of Feb. 2024)


IVBT Innovation1 Biotech Inc IVBT
12 GF Score
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What is Innovation1 Biotech Effective Interest Rate on Debt %?

Innovation1 Biotech IVBT 12 Effective Interest Rate on Debt % is 103.93% as of Feb. 2024. GuruFocus rates IVBT 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. Innovation1 Biotech's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $0.56 Mil. Innovation1 Biotech's average total debt for the quarter that ended in Feb. 2024 was $0.54 Mil. Therefore, Innovation1 Biotech's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 103.93%.

Innovation1 Biotech  (OTCPK:IVBT) Effective Interest Rate on Debt % Explanation

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

Innovation1 Biotech Effective Interest Rate on Debt % Related Terms

Innovation1 Biotech Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Innovation1 Biotech'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.

Innovation1 Biotech Effective Interest Rate on Debt % Chart

Innovation1 Biotech Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 1.57 282.57 43.96 1.80 68.48

Innovation1 Biotech Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 61.54 496.73 265.14 119.88 103.93

IVBT vs NVIV, PXMD, SCNI: Effective Interest Rate on Debt % Comparison

For the Shell Companies subindustry, Innovation1 Biotech'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.

Innovation1 Biotech Effective Interest Rate on Debt % vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Innovation1 Biotech's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Innovation1 Biotech's Effective Interest Rate on Debt % falls into.


IVBT
12GF Score
Innovation1 Biotech Inc IVBT
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Innovation1 Biotech Effective Interest Rate on Debt % Calculation

Innovation1 Biotech's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  -0.252/( (0.507+0.229)/ 2 )
=-1  *  -0.252/0.368
=68.48 %

where

Total Debt  (A: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.298 + 0.209
=0.507

Total Debt  (A: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.219 + 0.01
=0.229

Innovation1 Biotech's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -0.556/( (0.465+0.605)/ 2 )
=-1  *  -0.556/0.535
=103.93 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.415 + 0.05
=0.465

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.555 + 0.05
=0.605

* 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 (Feb. 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 103.93% mean?
Innovation1 Biotech (IVBT) has a Effective Interest Rate on Debt % of 103.93% as of Feb. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Innovation1 Biotech and its competitors.
Is Innovation1 Biotech's Effective Interest Rate on Debt % too high?
Innovation1 Biotech's current Effective Interest Rate on Debt % is 103.93%. Overall, Innovation1 Biotech has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Innovation1 Biotech's Effective Interest Rate on Debt % compare to NVIV and PXMD?
Innovation1 Biotech's Effective Interest Rate on Debt % of 103.93% can be compared against companies in the Diversified Financial 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 Diversified Financial Services company?
A good Effective Interest Rate on Debt % depends on the Diversified Financial 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 Innovation1 Biotech and its competitors. Innovation1 Biotech's current Effective Interest Rate on Debt % is 103.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovation1 Biotech stock overvalued right now?
Innovation1 Biotech (IVBT) has a current Effective Interest Rate on Debt % of 103.93%. The current Effective Interest Rate on Debt % is 103.93%. Innovation1 Biotech's 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 Innovation1 Biotech (IVBT), the current Effective Interest Rate on Debt % is 103.93% as of Feb. 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.

Innovation1 Biotech Business Description

Address 7 Grand View Avenue, Somerville, MA, USA, 02143
Innovation1 Biotech Inc is a shell company.
12GF Score

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