Nuran Wireless (Nuran Wireless) Effective Interest Rate on Debt % : 22.89% (As of Dec. 2023)

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What is Nuran Wireless 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. Nuran Wireless's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $2.28 Mil. Nuran Wireless's average total debt for the quarter that ended in Dec. 2023 was $9.94 Mil. Therefore, Nuran Wireless's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 22.89%.

Nuran Wireless Effective Interest Rate on Debt % Historical Data

The historical data trend for Nuran Wireless'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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Nuran Wireless Effective Interest Rate on Debt % Chart

Nuran Wireless Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec22

Dec23

Effective Interest Rate on Debt %

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28.98

14.79

15.81

20.36

30.36

Nuran Wireless Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															78.96	-12.86	50.75	24.91	22.89

Competitive Comparison of Nuran Wireless's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Nuran Wireless'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.

Nuran Wireless's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Nuran Wireless Effective Interest Rate on Debt % Calculation

Nuran Wireless'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 * -2.328	/	( (4.85	+	10.485)	/ 2 )
=	-1 * -2.328	/	7.6675
=	30.36 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.299	+	4.551
=	4.85

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.219	+	10.266
=	10.485

Nuran Wireless's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -2.276	/	( (9.403	+	10.485)	/ 2 )
=	-1 * -2.276	/	9.944
=	22.89 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.262	+	9.141
=	9.403

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.219	+	10.266
=	10.485

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Nuran Wireless (OTCPK:NRRWF) Effective Interest Rate on Debt % Explanation

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

Nuran Wireless Effective Interest Rate on Debt % Related Terms

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Nuran Wireless (Nuran Wireless) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nuran Wireless Inc (OTCPK:NRRWF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

1RNA:Germany NUR:Canada

Address

2150 Cyrille-Duquet Street, Suite 100, Quebec, QC, CAN, G1N 2G3

Website

https://www.nuranwireless.com

Nuran Wireless Inc is engaged in the Network as a Service (NAAS) business. The group operates in the research, development, manufacturing, marketing and operation of digital electronic circuits and wireless telecommunication products and offers services in the mobile telephony industry. It also provides products and services that help mobile network operators profitably serve off-grid markets that are currently not served. It has two reportable segments NaaS and Direct sales. The majority of the revenue is derived from Africa followed by Canada and so on.