Netcapital (Netcapital) Effective Interest Rate on Debt % : 1.97% (As of Jan. 2024)

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What is Netcapital Effective Interest Rate on Debt %?

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. Netcapital's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.05 Mil. Netcapital's average total debt for the quarter that ended in Jan. 2024 was $2.44 Mil. Therefore, Netcapital's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 1.97%.

Netcapital Effective Interest Rate on Debt % Historical Data

The historical data trend for Netcapital'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.

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Netcapital Effective Interest Rate on Debt % Chart

Netcapital Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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1.69

1.75

2.72

2.66

2.71

Netcapital Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.56	2.44	1.99	1.81	1.97

Competitive Comparison of Netcapital's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Netcapital'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.

Netcapital's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Netcapital's Effective Interest Rate on Debt % distribution charts can be found below:

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

Netcapital Effective Interest Rate on Debt % Calculation

Netcapital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -0.094	/	( (4.143	+	2.785)	/ 2 )
=	-1 * -0.094	/	3.464
=	2.71 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.495	+	3.648
=	4.143

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.5	+	2.285
=	2.785

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.048	/	( (2.435	+	2.435)	/ 2 )
=	-1 * -0.048	/	2.435
=	1.97 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.5	+	1.935
=	2.435

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.5	+	1.935
=	2.435

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Netcapital (NAS:NCPL) Effective Interest Rate on Debt % Explanation

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

Netcapital Effective Interest Rate on Debt % Related Terms

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Netcapital (Netcapital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Netcapital Inc (NAS:NCPL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Lincoln Street, Boston, MA, USA, 02111

Website

https://www.netcapitalinc.com

Netcapital Inc is a financial technology company. The company facilitates the growth of private companies by providing fundraising services and other consulting services. The company's online private investment platform connects entrepreneurs and investors, enabling companies to raise capital digitally.

Executives

Arnold Scott	director	14 CORTLAND AVE, STRATHAM NH 03885
Martin Robert Kay	director	26 KINGSTON ROAD, NEWTON MA 02461
Carole Lisa Murko	officer: Chief Marketing Officer	PO BOX 628, STOCKBRIDGE MA 01262
Kraysler Coreen Sarah	officer: Chief Financial Officer	2 SUMMIT AVE, HULL MA 02045
Cecilia Lenk	officer: Chief Executive Officer	745 ATLANTIC AVENUE, SUITE 1024, BOSTON MA 20111
Kathryn Kraysler	officer: Chief Marketing Officer	745 ATLANTIC AVE, BOSTON MA 02111
Manuel Goncalves Teixeira	officer: CEO	668 CHRISTIAN ROAD, MIDDLEBURY CT 06762
Avi Liss	director	233 HARVARD STREET #308, BROOKLINE MA 02446
Steven F Geary	director	1 LINCOLN STREET, BOSTON MA 02111