MMATQ (Meta Materials) Effective Interest Rate on Debt %: 4.03% (As of Mar. 2024)


MMATQ Meta Materials Inc MMATQ
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What is Meta Materials Effective Interest Rate on Debt %?

Meta Materials MMATQ -99.00% 12 Effective Interest Rate on Debt % is 4.03% as of Mar. 2024. GuruFocus rates MMATQ with a GF Score™ of 12/100.

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. Meta Materials's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.44 Mil. Meta Materials's average total debt for the quarter that ended in Mar. 2024 was $10.81 Mil. Therefore, Meta Materials's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.03%.

Meta Materials  (OTCPK:MMATQ) Effective Interest Rate on Debt % Explanation

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

Meta Materials Effective Interest Rate on Debt % Related Terms

Meta Materials Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Meta Materials'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.

Meta Materials Effective Interest Rate on Debt % Chart

Meta Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
0.00 12.18 11.55 5.20 4.49

Meta Materials Quarterly Data
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 5.68 0.22 4.50 6.36 4.03

MMATQ vs APH, TEL, GLW: Effective Interest Rate on Debt % Comparison

For the Electronic Components subindustry, Meta Materials'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.

Meta Materials Effective Interest Rate on Debt % vs Hardware Industry

For the Hardware industry and Technology sector, Meta Materials's Effective Interest Rate on Debt % distribution charts can be found below:

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


MMATQ
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Meta Materials Inc MMATQ
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Meta Materials Effective Interest Rate on Debt % Calculation

Meta Materials'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  *  -0.428/( (7.896+11.151)/ 2 )
=-1  *  -0.428/9.5235
=4.49 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.446 + 1.45
=7.896

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.897 + 2.254
=11.151

Meta Materials'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  *  -0.436/( (11.151+10.473)/ 2 )
=-1  *  -0.436/10.812
=4.03 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.897 + 2.254
=11.151

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.631 + 1.842
=10.473

* 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 4.03% mean?
Meta Materials (MMATQ) has a Effective Interest Rate on Debt % of 4.03% as of Mar. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Meta Materials and its competitors.
Is Meta Materials' Effective Interest Rate on Debt % too high?
Meta Materials' current Effective Interest Rate on Debt % is 4.03%. Overall, Meta Materials has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Meta Materials' Effective Interest Rate on Debt % compare to APH and TEL?
Meta Materials' Effective Interest Rate on Debt % of 4.03% can be compared against companies in the Hardware 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 Hardware company?
A good Effective Interest Rate on Debt % depends on the Hardware 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 Meta Materials and its competitors. Meta Materials's current Effective Interest Rate on Debt % is 4.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meta Materials stock overvalued right now?
Meta Materials (MMATQ) has a current Effective Interest Rate on Debt % of 4.03%. The current Effective Interest Rate on Debt % is 4.03%. Meta Materials' overall GF Score™ is 12/100. 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 Meta Materials (MMATQ), the current Effective Interest Rate on Debt % is 4.03% 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.

Meta Materials Business Description

Address 60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9
Meta Materials Inc delivers previously unachievable performance across a range of applications by inventing, designing, developing, and manufacturing sustainable, functional materials. Its extensive technology platform enables brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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