MCIC (MultiCorp International) Effective Interest Rate on Debt %: 3.39% (As of Sep. 2023)

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What is MultiCorp International Effective Interest Rate on Debt %?

MultiCorp International MCIC Effective Interest Rate on Debt % is 3.39% as of Sep. 2023.

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. MultiCorp International's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.01 Mil. MultiCorp International's average total debt for the quarter that ended in Sep. 2023 was $0.35 Mil. Therefore, MultiCorp International's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 3.39%.

MultiCorp International  (OTCPK:MCIC) Effective Interest Rate on Debt % Explanation

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

MultiCorp International Effective Interest Rate on Debt % Related Terms

MultiCorp International Effective Interest Rate on Debt % Historical Data

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The historical data trend for MultiCorp International'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.

MultiCorp International Effective Interest Rate on Debt % Chart

MultiCorp International Annual Data
Trend
Effective Interest Rate on Debt %

MultiCorp International Quarterly Data
Jun21 Jun22 Sep22 Sep23
Effective Interest Rate on Debt % 0.00 4.49 4.49 3.39

MCIC vs GPFT, KGKG, ERBB: Effective Interest Rate on Debt % Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, MultiCorp International'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.

MultiCorp International Effective Interest Rate on Debt % vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, MultiCorp International's Effective Interest Rate on Debt % distribution charts can be found below:

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


MultiCorp International Effective Interest Rate on Debt % Calculation

MultiCorp International's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: . 20 )+Total Debt  (A: . 20 ))/ count )
=-1  *  /( (+)/ )
=-1  *  /
= %

where

Total Debt  (A: . 20 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
= +
=

Total Debt  (A: . 20 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
= +
=

MultiCorp International's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2022 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -0.012/( (0+0.354)/ 1 )
=-1  *  -0.012/0.354
=3.39 %

where

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.354 + 0
=0.354

* 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 (Sep. 2023) 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 3.39% mean?
MultiCorp International (MCIC) has a Effective Interest Rate on Debt % of 3.39% as of Sep. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on MultiCorp International and its competitors.
Is MultiCorp International's Effective Interest Rate on Debt % too high?
MultiCorp International's current Effective Interest Rate on Debt % is 3.39%.
How does MultiCorp International's Effective Interest Rate on Debt % compare to GPFT and KGKG?
MultiCorp International's Effective Interest Rate on Debt % of 3.39% can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Effective Interest Rate on Debt % depends on the Drug Manufacturers 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 MultiCorp International and its competitors. MultiCorp International's current Effective Interest Rate on Debt % is 3.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MultiCorp International stock overvalued right now?
MultiCorp International (MCIC) has a current Effective Interest Rate on Debt % of 3.39%. The current Effective Interest Rate on Debt % is 3.39%. 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 MultiCorp International (MCIC), the current Effective Interest Rate on Debt % is 3.39% as of Sep. 2023. 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.

MultiCorp International Business Description

Address 5308 Derry Avenue, Suite R, Agoura Hills, CA, USA, 91301
MultiCorp International Inc buys and sells nitrile medically approved gloves and other PPE supplies to include gowns, masks and other items for the medical industry. The company is currently working on a medical app that will assist in monitoring potential life threatening scenarios.