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Notable Labs (Notable Labs) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)


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What is Notable Labs 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. Notable Labs's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Notable Labs's average total debt for the quarter that ended in Dec. 2023 was $1.21 Mil. Therefore, Notable Labs's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Notable Labs Effective Interest Rate on Debt % Historical Data

The historical data trend for Notable Labs'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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Notable Labs Effective Interest Rate on Debt % Chart

Notable Labs Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- - -

Notable Labs Semi-Annual Data
Dec21 Dec22 Dec23
Effective Interest Rate on Debt % - - -

Competitive Comparison of Notable Labs's Effective Interest Rate on Debt %

For the Biotechnology subindustry, Notable Labs'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.

Notable Labs's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Notable Labs's Effective Interest Rate on Debt % distribution charts can be found below:

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


Notable Labs Effective Interest Rate on Debt % Calculation

Notable Labs'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/( (0.361+2.049)/ 2 )
=-1  *  0/1.205
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.361
=0.361

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.526 + 0.523
=2.049

Notable Labs'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: Dec. 2022 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  0/( (0.361+2.049)/ 2 )
=-1  *  0/1.205
=0.00 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.361
=0.361

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.526 + 0.523
=2.049

* 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 one times the annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Notable Labs  (NAS:NTBL) Effective Interest Rate on Debt % Explanation

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

Notable Labs Effective Interest Rate on Debt % Related Terms

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Notable Labs (Notable Labs) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Notable Labs Ltd (NAS:NTBL) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
N/A
Address
320 Hatch Drive, Foster City, CA, USA, 94404
Website
https://notablelabs.com
Notable Labs Ltd is a clinical-stage platform therapeutics company developing predictive precision medicines for patients with cancer. Through its proprietary Predictive Precision Medicines Platform (PPMP), Notable bio-simulates a cancer treatment to predict whether or not a patient is likely to respond to that specific therapeutic. Through its proprietary Predictive Precision Medicines Platform (PPMP), Notable bio-simulates a cancer treatment to predict whether or not a patient is likely to respond to that specific therapeutic.