Verici Dx (LSE:VRCI) Effective Interest Rate on Debt % : 4.50% (As of Jun. 2023)

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What is Verici Dx 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. Verici Dx's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was £0.02 Mil. Verici Dx's average total debt for the quarter that ended in Jun. 2023 was £0.53 Mil. Therefore, Verici Dx's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 4.50%.

Verici Dx Effective Interest Rate on Debt % Historical Data

The historical data trend for Verici Dx'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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Verici Dx Effective Interest Rate on Debt % Chart

Verici Dx Annual Data

Trend

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

0.70

Verici Dx Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	-	-	-	1.39	4.50

Competitive Comparison of Verici Dx's Effective Interest Rate on Debt %

For the Diagnostics & Research subindustry, Verici Dx'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.

Verici Dx's Effective Interest Rate on Debt % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Verici Dx's Effective Interest Rate on Debt % distribution charts can be found below:

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

Verici Dx Effective Interest Rate on Debt % Calculation

Verici Dx'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 * -0.004	/	( (0	+	0.575)	/ 1 )
=	-1 * -0.004	/	0.575
=	0.70 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.447	+	0.128
=	0.575

Verici Dx's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -0.024	/	( (0.575	+	0.492)	/ 2 )
=	-1 * -0.024	/	0.5335
=	4.50 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.447	+	0.128
=	0.575

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.366	+	0.126
=	0.492

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

Verici Dx (LSE:VRCI) Effective Interest Rate on Debt % Explanation

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

Verici Dx Effective Interest Rate on Debt % Related Terms

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Verici Dx (LSE:VRCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Verici Dx PLC (LSE:VRCI) » Definitions » Effective Interest Rate on Debt %

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VRCDF:USA

Address

19 Stanwell Road, Avon House, Penarth, Cardiff, GBR, CF64 2EZ

Website

https://www.vericidx.com

Verici Dx PLC is an immuno-diagnostics development company. The company is focused on developing diagnostics technologies which will help understand the outcomes of an organ transplant surgery. There are two products for clinical validation and commercialization: Clarava, which is a pre-transplant prognosis for the risk of early acute rejection; and Tuteva, a post-transplant diagnostic focused upon acute cellular rejection including sub-clinical rejection not being diagnosed through the current standard of care of rising serum creatine levels. The business of the Group comprises a single activity, that of the development of prognostic and diagnostic tests for kidney transplant patients.

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