Net Medical Xpress Solutions (Net Medical Xpress Solutions) Effective Interest Rate on Debt % : 23.70% (As of Jun. 2018)

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What is Net Medical Xpress Solutions 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. Net Medical Xpress Solutions's annualized positive value of Interest Expense for the quarter that ended in Jun. 2018 was $0.02 Mil. Net Medical Xpress Solutions's average total debt for the quarter that ended in Jun. 2018 was $0.07 Mil. Therefore, Net Medical Xpress Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 was 23.70%.

Net Medical Xpress Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Net Medical Xpress Solutions'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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Net Medical Xpress Solutions Effective Interest Rate on Debt % Chart

Net Medical Xpress Solutions Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Effective Interest Rate on Debt %

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34.29

20.17

20.25

11.69

14.52

Net Medical Xpress Solutions Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Mar18	Jun18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															13.33	20.00	18.75	5.93	23.70

Competitive Comparison of Net Medical Xpress Solutions's Effective Interest Rate on Debt %

For the Health Information Services subindustry, Net Medical Xpress Solutions'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.

Net Medical Xpress Solutions's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Net Medical Xpress Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Net Medical Xpress Solutions's Effective Interest Rate on Debt % falls into.

Net Medical Xpress Solutions Effective Interest Rate on Debt % Calculation

Net Medical Xpress Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2015 )	+	Total Debt (A: Dec. 2016 ))	/ count )
=	-1 * -0.009	/	( (0.064	+	0.06)	/ 2 )
=	-1 * -0.009	/	0.062
=	14.52 %

where

	Total Debt (A: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.001	+	0.063
=	0.064

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.06
=	0.06

Net Medical Xpress Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2018 )	+	Total Debt (Q: Jun. 2018 ))	/ count )
=	-1 * -0.016	/	( (0.067	+	0.068)	/ 2 )
=	-1 * -0.016	/	0.0675
=	23.70 %

where

	Total Debt (Q: Mar. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.067
=	0.067

	Total Debt (Q: Jun. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.068
=	0.068

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 (Jun. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Net Medical Xpress Solutions (OTCPK:NMXS) Effective Interest Rate on Debt % Explanation

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

Net Medical Xpress Solutions Effective Interest Rate on Debt % Related Terms

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Net Medical Xpress Solutions (Net Medical Xpress Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Net Medical Xpress Solutions Inc (OTCPK:NMXS) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

8206 Louisiana Boulevard NE, Suite A, Albuquerque, NM, USA, 87113

Website

https://www.welcome.netmedical.com

Net Medical Xpress Solutions Inc is engaged in providing solutions to the telemedicine industry which deliver medical laboratory services. It offers proprietary software that links electronic medical records while enabling state-of-the-art conferencing and communications. The company also offers call centers, proprietary hardware implementations, diagnostic and clinical services, and software research and development capabilities.