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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. MeiraGTx Holdings's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $13.64 Mil. MeiraGTx Holdings's average total debt for the quarter that ended in Dec. 2024 was $85.77 Mil. Therefore, MeiraGTx Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 15.91%.
The historical data trend for MeiraGTx 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.
MeiraGTx Holdings Annual Data | |||||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | ||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial |
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0.61 | 1.25 | 8.53 | 14.59 | 15.25 |
MeiraGTx Holdings Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial |
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15.38 | 14.64 | 14.80 | 15.41 | 15.91 |
For the Biotechnology subindustry, MeiraGTx 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.
For the Biotechnology industry and Healthcare sector, MeiraGTx Holdings's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where MeiraGTx Holdings's Effective Interest Rate on Debt % falls into.
MeiraGTx Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Dec. 2023 ) | + | Total Debt (A: Dec. 2024 )) | / count ) |
= | -1 * -13.272 | / | ( (89.264 | + | 84.797) | / 2 ) |
= | -1 * -13.272 | / | 87.0305 | |||
= | 15.25 % |
where
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 85.071 | + | 4.193 |
= | 89.264 |
Total Debt (A: Dec. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 80.744 | + | 4.053 |
= | 84.797 |
MeiraGTx Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Sep. 2024 ) | + | Total Debt (Q: Dec. 2024 )) | / count ) |
= | -1 * -13.644 | / | ( (86.735 | + | 84.797) | / 2 ) |
= | -1 * -13.644 | / | 85.766 | |||
= | 15.91 % |
where
Total Debt (Q: Sep. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 82.552 | + | 4.183 |
= | 86.735 |
Total Debt (Q: Dec. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 80.744 | + | 4.053 |
= | 84.797 |
* 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 (Dec. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
MeiraGTx Holdings (NAS:MGTX) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of MeiraGTx Holdings's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Alexandria Forbes | director, officer: President & CEO | C/O KADMON HOLDINGS, LLC, 450 E. 29TH STREET, NEW YORK NY 10016 |
Richard Giroux | officer: Chief Operating Officer | C/O MEIRAGTX - US, 430 EAST 29TH STREET, 10TH FLOOR, NEW YORK NY 10016 |
Perceptive Life Sciences Master Fund Ltd | director, 10 percent owner | C/O PERCEPTIVE ADVISORS LLC, 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Johnson & Johnson | 10 percent owner | ONE JOHNSON & JOHNSON PLZ, NEW BRUNSWICK NJ 08933 |
Johnson & Johnson Innovation - Jjdc, Inc. | 10 percent owner | 410 GEORGE STREET, NEW BRUNSWICK NJ 08901 |
Robert K Zeldin | officer: Chief Medical Officer | C/O ACCELERON PHARMA INC., 128 SIDNEY STREET, CAMBRIDGE MA 02139 |
Robert J Wollin | officer: General Counsel and Secretary | 450 EAST 29TH STREET, 14TH FLOOR, NEW YORK NY 10016 |
Debra Yu | director | C/O PERCEPTIVE ADVISORS, 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Stuart Naylor | director, officer: Chief Dev. Officer | C/O MEIRAGTX - US, 430 EAST 29TH STREET, 10TH FLOOR, NEW YORK NY 10016 |
Joel S Marcus | director | C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101 |
Thomas E Shenk | director | C/O KADMON HOLDINGS, LLC, 450 E. 29TH STREET, NEW YORK NY 10016 |
Nicole Seligman | director | C/O VIACOM INC., 1515 BROADWAY, NEW YORK NY 10036 |
Perceptive Advisors Llc | director, 10 percent owner | 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Joseph Edelman | 10 percent owner | C/O PERCEPTIVE ADVISORS LLC, 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
Ellen Hukkelhoven | director | C/O PERCEPTIVE ADVISORS LLC, 51 ASTOR PLACE, 10TH FLOOR, NEW YORK NY 10003 |
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