Oxford Cannabinoid Technologies Holdings (LSE:OCTP) Effective Interest Rate on Debt % : 0.00% (As of Oct. 2023)

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What is Oxford Cannabinoid Technologies Holdings 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. Oxford Cannabinoid Technologies Holdings's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was £0.00 Mil. Oxford Cannabinoid Technologies Holdings's average total debt for the quarter that ended in Oct. 2023 was £0.00 Mil. Therefore, Oxford Cannabinoid Technologies Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was N/A%.

Oxford Cannabinoid Technologies Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Oxford Cannabinoid Technologies 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.

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Oxford Cannabinoid Technologies Holdings Effective Interest Rate on Debt % Chart

Oxford Cannabinoid Technologies Holdings Annual Data

Trend

May18

May19

May20

May21

Apr23

Effective Interest Rate on Debt %

18.69

48.40

Oxford Cannabinoid Technologies Holdings Semi-Annual Data
	May19	Nov19	May20	Nov20	May21	Nov21	Oct22	Apr23	Oct23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				99.27	-	-	-	-

Competitive Comparison of Oxford Cannabinoid Technologies Holdings's Effective Interest Rate on Debt %

For the Biotechnology subindustry, Oxford Cannabinoid Technologies 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.

Oxford Cannabinoid Technologies Holdings's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Oxford Cannabinoid Technologies Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Oxford Cannabinoid Technologies Holdings Effective Interest Rate on Debt % Calculation

Oxford Cannabinoid Technologies Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2021 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * 0	/	( (0.174	+	0)	/ 1 )
=	-1 * 0	/	0.174
=	0.00 %

where

	Total Debt (A: May. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.047	+	0.127
=	0.174

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Oxford Cannabinoid Technologies Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2023 )	+	Total Debt (Q: Oct. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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 two times the semi-annual (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Oxford Cannabinoid Technologies Holdings (LSE:OCTP) Effective Interest Rate on Debt % Explanation

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

Oxford Cannabinoid Technologies Holdings Effective Interest Rate on Debt % Related Terms

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Oxford Cannabinoid Technologies Holdings (LSE:OCTP) Business Description

Industry

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0CB:Germany

Address

267 Banbury Road, Prama House, Oxford, GBR, OX2 7HT

Website

https://www.oxcantech.com

Oxford Cannabinoid Technologies Holdings PLC is a pharmaceutical company engaged in cannabinoid drug development. The company uses a drug development that includes proprietary cannabinoid derivatives, natural phytocannabinoids (pCBs), and in-licensed compounds. Its primary market focus is the pain market, and OCT initially aims to develop a portfolio of four drug candidates for approval as licensed pain medicines.

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