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KULR Technology Group (KULR Technology Group) Effective Interest Rate on Debt % : 316.95% (As of Dec. 2023)


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What is KULR Technology Group 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. KULR Technology Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.83 Mil. KULR Technology Group's average total debt for the quarter that ended in Dec. 2023 was $0.26 Mil. Therefore, KULR Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 316.95%.


KULR Technology Group Effective Interest Rate on Debt % Historical Data

The historical data trend for KULR Technology Group'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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KULR Technology Group Effective Interest Rate on Debt % Chart

KULR Technology Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only - 20.47 7.99 252.26 429.97

KULR Technology Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 568.15 514.74 598.19 813.49 316.95

Competitive Comparison of KULR Technology Group's Effective Interest Rate on Debt %

For the Electronic Components subindustry, KULR Technology Group'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.


KULR Technology Group's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, KULR Technology Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where KULR Technology Group's Effective Interest Rate on Debt % falls into.



KULR Technology Group Effective Interest Rate on Debt % Calculation

KULR Technology Group'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  *  -1.449/( (0.322+0.352)/ 2 )
=-1  *  -1.449/0.337
=429.97 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.098 + 0.224
=0.322

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.25 + 0.102
=0.352

KULR Technology Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.832/( (0.173+0.352)/ 2 )
=-1  *  -0.832/0.2625
=316.95 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.25 + 0.102
=0.352

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


KULR Technology Group  (AMEX:KULR) Effective Interest Rate on Debt % Explanation

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


KULR Technology Group Effective Interest Rate on Debt % Related Terms

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KULR Technology Group (KULR Technology Group) Business Description

Industry
Traded in Other Exchanges
N/A
Address
4863 Shawline Street, San Diego, CA, USA, 92111
KULR Technology Group Inc develops and commercializes high-performance thermal management technologies for electronics, batteries, and other components. The company is focused on targeting the following applications: electric vehicles and autonomous driving systems; artificial intelligence and Cloud computing; energy storage; and 5G communication technologies. Its product portfolio includes ARA Thermal Capacitor, CRUX Cathode, HYDRA Thermal Runaway Shield, LYRA ISC Trigger Cell, URSA Fiber Thermal Interface, and VEGA Internal Short Circuit.
Executives
Michael Mo director, 10 percent owner, officer: CEO 14440 BIG BASIN WAY, #12, SARATOGA CA 95070
Timothy Ray Knowles director, officer: Chief Technical Officer C/O KT HIGH-TECH MARKETING INC., 14440 BIG BASIN WAY #12, SARATOGA CA 95070
Shawn Canter officer: Chief Financial Officer 4863 SHAWLINE STREET, SAN DIEGO CA 92111
William Quinn Walker officer: Chief Technology Officer 626 BEALS CREEK LANE, WEBSTER TX 77598
Terry Keith Cochran officer: President and COO 1999 S BASCOM AVE, SUITE 700, CAMPBELL CA 95008
Stayce D. Harris director 1999 S. BASCOM AVE., SUITE 700, CAMPBELL CA 95008
Joanna D. Massey director 1999 S. BASCOM AVE, SUITE 700, CAMPBELL CA 95008
Morio Kurosaki director 1-2-14 ICHIGAYASADOHARA, SHINJUKU-KU, TOKYO M0 162-0842
Simon P Westbrook officer: Chief Financial Officer 4920 EL CAMINO REAL, STE 100, LOS ALTOS CA 94022
George Ernest Henschke officer: Interim Prin. Fin. Off., Treas C/O KT HIGH-TECH MARKETING INC., 14440 BIG BASIN WAY #12, SARATOGA CA 95070
Michael Gerald Carpenter officer: Vice President of Engineering C/O KT HIGH-TECH MARKETING INC., 14440 BIG BASIN WAY #12, SARATOGA CA 95070
James M Cassidy director, 10 percent owner, officer: president,secretary,treasurer 215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop director, 10 percent owner, officer: VP 9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212