MDRM (Modern Mobility Aids) Effective Interest Rate on Debt %: 2.33% (As of Mar. 2015)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Modern Mobility Aids Effective Interest Rate on Debt %?

Modern Mobility Aids MDRM Effective Interest Rate on Debt % is 2.33% as of Mar. 2015.

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. Modern Mobility Aids's annualized positive value of Interest Expense for the quarter that ended in Mar. 2015 was $0.00 Mil. Modern Mobility Aids's average total debt for the quarter that ended in Mar. 2015 was $0.17 Mil. Therefore, Modern Mobility Aids's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2015 was 2.33%.


Modern Mobility Aids  (OTCPK:MDRM) Effective Interest Rate on Debt % Explanation

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


Modern Mobility Aids Effective Interest Rate on Debt % Related Terms


Modern Mobility Aids Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Modern Mobility Aids'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.

Modern Mobility Aids Effective Interest Rate on Debt % Chart

Modern Mobility Aids Annual Data
Trend Jun10 Jun11 Jun12 Jun13 Jun14
Effective Interest Rate on Debt %
0.00 0.00 0.00 0.00 5.00

Modern Mobility Aids Quarterly Data
Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15
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 0.00 0.00 6.90 6.84 2.33

MDRM vs MGPC, POYN, IVFZF: Effective Interest Rate on Debt % Comparison

For the Health Information Services subindustry, Modern Mobility Aids'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.


Modern Mobility Aids Effective Interest Rate on Debt % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Modern Mobility Aids's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Modern Mobility Aids's Effective Interest Rate on Debt % falls into.



Modern Mobility Aids Effective Interest Rate on Debt % Calculation

Modern Mobility Aids's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2013 )+Total Debt  (A: Jun. 2014 ))/ count )
=-1  *  -0.001/( (0+0.02)/ 1 )
=-1  *  -0.001/0.02
=5.00 %

where

Modern Mobility Aids's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2015 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2014 )+Total Debt  (Q: Mar. 2015 ))/ count )
=-1  *  -0.004/( (0.255+0.088)/ 2 )
=-1  *  -0.004/0.1715
=2.33 %

where

* 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 (Mar. 2015) 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 2.33% mean?
Modern Mobility Aids (MDRM) has a Effective Interest Rate on Debt % of 2.33% as of Mar. 2015. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Modern Mobility Aids and its competitors.
Is Modern Mobility Aids' Effective Interest Rate on Debt % too high?
Modern Mobility Aids' current Effective Interest Rate on Debt % is 2.33%.
How does Modern Mobility Aids' Effective Interest Rate on Debt % compare to MGPC and POYN?
Modern Mobility Aids' Effective Interest Rate on Debt % of 2.33% can be compared against companies in the Healthcare Providers & 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 Healthcare Providers & Services company?
A good Effective Interest Rate on Debt % depends on the Healthcare Providers & 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 Modern Mobility Aids and its competitors. Modern Mobility Aids's current Effective Interest Rate on Debt % is 2.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Modern Mobility Aids stock overvalued right now?
Modern Mobility Aids (MDRM) has a current Effective Interest Rate on Debt % of 2.33%. The current Effective Interest Rate on Debt % is 2.33%. 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 Modern Mobility Aids (MDRM), the current Effective Interest Rate on Debt % is 2.33% as of Mar. 2015. 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.

Modern Mobility Aids Business Description

Address 1968 South Coast Highway, Suite1094, Laguna Beach, CA, USA, 92651
Modern Mobility Aids Inc is currently focusing on Digital Health, Telehealth, Virtual Care, Cardiac Monitoring, Mental Health, Tele-Monitoring, and other emerging opportunities in the rapidly changing healthcare environment, with a special emphasis on the Canadian, Latin American, and US markets. The company aims to build a common/shared platform through which it can provide Virtual Health Care services and home medical monitoring.