MMTIF (Micromem Technologies) Effective Interest Rate on Debt %: 25.98% (As of Apr. 2026)


What is Micromem Technologies Effective Interest Rate on Debt %?

Micromem Technologies MMTIF +2.71% Effective Interest Rate on Debt % is 25.98% as of Apr. 2026. The stock has 4 warning signs investors should review.

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. Micromem Technologies's annualized positive value of Interest Expense for the quarter that ended in Apr. 2026 was $1.22 Mil. Micromem Technologies's average total debt for the quarter that ended in Apr. 2026 was $4.70 Mil. Therefore, Micromem Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2026 was 25.98%.

Micromem Technologies  (OTCPK:MMTIF) Effective Interest Rate on Debt % Explanation

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

Micromem Technologies Effective Interest Rate on Debt % Related Terms

Micromem Technologies Effective Interest Rate on Debt % Historical Data

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The historical data trend for Micromem Technologies'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.

Micromem Technologies Effective Interest Rate on Debt % Chart

Micromem Technologies Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.16 50.87 21.67 23.06 21.66

Micromem Technologies Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 0.50 42.92 20.51 24.02 25.98

MMTIF vs NVDA, AVGO, MU: Effective Interest Rate on Debt % Comparison

For the Semiconductors subindustry, Micromem Technologies'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.

Micromem Technologies Effective Interest Rate on Debt % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Micromem Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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


Micromem Technologies Effective Interest Rate on Debt % Calculation

Micromem Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2024 )+Total Debt  (A: Oct. 2025 ))/ count )
=-1  *  -0.905/( (3.948+4.409)/ 2 )
=-1  *  -0.905/4.1785
=21.66 %

where

Total Debt  (A: Oct. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.045 + 3.903
=3.948

Total Debt  (A: Oct. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.06 + 4.349
=4.409

Micromem Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jan. 2026 )+Total Debt  (Q: Apr. 2026 ))/ count )
=-1  *  -1.22/( (4.65+4.741)/ 2 )
=-1  *  -1.22/4.6955
=25.98 %

where

Total Debt  (Q: Jan. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.009 + 4.641
=4.65

Total Debt  (Q: Apr. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.005 + 4.736
=4.741

* 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 (Apr. 2026) 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 25.98% mean?
Micromem Technologies (MMTIF) has a Effective Interest Rate on Debt % of 25.98% as of Apr. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Micromem Technologies and its competitors.
Is Micromem Technologies' Effective Interest Rate on Debt % too high?
Micromem Technologies' current Effective Interest Rate on Debt % is 25.98%.
How does Micromem Technologies' Effective Interest Rate on Debt % compare to NVDA and AVGO?
Micromem Technologies' Effective Interest Rate on Debt % of 25.98% can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Effective Interest Rate on Debt % depends on the Semiconductors 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 Micromem Technologies and its competitors. Micromem Technologies's current Effective Interest Rate on Debt % is 25.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micromem Technologies stock overvalued right now?
Micromem Technologies (MMTIF) has a current Effective Interest Rate on Debt % of 25.98%. The current Effective Interest Rate on Debt % is 25.98%. 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 Micromem Technologies (MMTIF), the current Effective Interest Rate on Debt % is 25.98% as of Apr. 2026. 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.

Micromem Technologies Business Description

Other Exchanges MRM:Canada
Address 121 Richmond Street West, Suite 602, Toronto, ON, CAN, M5H 2K1
Micromem Technologies Inc develops, based upon proprietary technology, customized sensor applications for companies. The technology has a combination of superior sensitivity, robust structure, cost-effectiveness, and small size enabling a wide variety of applications within multiple industry sectors. Some of the sensors applications are Oil Sensor Solutions, Structural Integrity Sensors, Nanoparticle Detection Solutions and Energy Storage Solutions.