MEDVF (Medivolve) Effective Interest Rate on Debt %: 1.29% (As of Mar. 2024)

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What is Medivolve Effective Interest Rate on Debt %?

Medivolve MEDVF -99.00% Effective Interest Rate on Debt % is 1.29% as of Mar. 2024.

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. Medivolve's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.02 Mil. Medivolve's average total debt for the quarter that ended in Mar. 2024 was $1.24 Mil. Therefore, Medivolve's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.29%.


Medivolve  (OTCPK:MEDVF) Effective Interest Rate on Debt % Explanation

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


Medivolve Effective Interest Rate on Debt % Related Terms


Medivolve Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Medivolve'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.

Medivolve Effective Interest Rate on Debt % Chart

Medivolve Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 20.98 9.46 13.37 17.83

Medivolve Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 17.38 29.97 17.65 18.10 1.29

MEDVF vs DMTKQ, TMO, DHR: Effective Interest Rate on Debt % Comparison

For the Diagnostics & Research subindustry, Medivolve'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.


Medivolve Effective Interest Rate on Debt % vs Medical Diagnostics & Research Industry

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

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



Medivolve Effective Interest Rate on Debt % Calculation

Medivolve'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  *  -0.218/( (1.199+1.246)/ 2 )
=-1  *  -0.218/1.2225
=17.83 %

where

Medivolve's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -0.016/( (1.246+1.23)/ 2 )
=-1  *  -0.016/1.238
=1.29 %

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. 2024) 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 1.29% mean?
Medivolve (MEDVF) has a Effective Interest Rate on Debt % of 1.29% as of Mar. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Medivolve and its competitors.
Is Medivolve's Effective Interest Rate on Debt % too high?
Medivolve's current Effective Interest Rate on Debt % is 1.29%.
How does Medivolve's Effective Interest Rate on Debt % compare to DMTKQ and TMO?
Medivolve's Effective Interest Rate on Debt % of 1.29% can be compared against companies in the Medical Diagnostics & Research 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 Medical Diagnostics & Research company?
A good Effective Interest Rate on Debt % depends on the Medical Diagnostics & Research 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 Medivolve and its competitors. Medivolve's current Effective Interest Rate on Debt % is 1.29%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medivolve stock overvalued right now?
Medivolve (MEDVF) has a current Effective Interest Rate on Debt % of 1.29%. The current Effective Interest Rate on Debt % is 1.29%. 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 Medivolve (MEDVF), the current Effective Interest Rate on Debt % is 1.29% as of Mar. 2024. 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.

Medivolve Business Description

Address 198 Davenport Road, Toronto, ON, CAN, M5R 1J2
Medivolve Inc is a healthcare technology and services company. It is engaged in finding and developing disruptive technologies, groundbreaking innovations, and partnerships to help combat COVID-19 and transform human health management. The company operated one reportable segment, the COVID Testing facilities across the United States Of America.