NVOS (Novo Integrated Sciences) Effective Interest Rate on Debt %: 250.57% (As of May. 2024)


NVOS Novo Integrated Sciences Inc NVOS
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What is Novo Integrated Sciences Effective Interest Rate on Debt %?

Novo Integrated Sciences NVOS 12 Effective Interest Rate on Debt % is 250.57% as of May. 2024. GuruFocus rates NVOS with a GF Score™ of 12/100.

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. Novo Integrated Sciences's annualized positive value of Interest Expense for the quarter that ended in May. 2024 was $12.33 Mil. Novo Integrated Sciences's average total debt for the quarter that ended in May. 2024 was $4.92 Mil. Therefore, Novo Integrated Sciences's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 was 250.57%.


Novo Integrated Sciences  (OTCPK:NVOS) Effective Interest Rate on Debt % Explanation

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


Novo Integrated Sciences Effective Interest Rate on Debt % Related Terms


Novo Integrated Sciences Effective Interest Rate on Debt % Historical Data

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The historical data trend for Novo Integrated Sciences'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.

Novo Integrated Sciences Effective Interest Rate on Debt % Chart

Novo Integrated Sciences Annual Data
Trend Dec14 Dec15 Dec16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.63 3.65 1.82 56.68 58.60

Novo Integrated Sciences Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 14.89 43.31 107.01 100.42 250.57

NVOS vs BACK, NHLG, FCHS: Effective Interest Rate on Debt % Comparison

For the Medical Care Facilities subindustry, Novo Integrated Sciences'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.


Novo Integrated Sciences Effective Interest Rate on Debt % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Novo Integrated Sciences's Effective Interest Rate on Debt % distribution charts can be found below:

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


NVOS
12GF Score
Novo Integrated Sciences Inc NVOS
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Novo Integrated Sciences Effective Interest Rate on Debt % Calculation

Novo Integrated Sciences's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  -5.118/( (12.996+4.472)/ 2 )
=-1  *  -5.118/8.734
=58.60 %

where

Total Debt  (A: Aug. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.305 + 9.691
=12.996

Total Debt  (A: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.759 + 2.713
=4.472

Novo Integrated Sciences's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Feb. 2024 )+Total Debt  (Q: May. 2024 ))/ count )
=-1  *  -12.332/( (5.341+4.502)/ 2 )
=-1  *  -12.332/4.9215
=250.57 %

where

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.703 + 3.638
=5.341

Total Debt  (Q: May. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.598 + 2.904
=4.502

* 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 (May. 2024) 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 250.57% mean?
Novo Integrated Sciences (NVOS) has a Effective Interest Rate on Debt % of 250.57% as of May. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Novo Integrated Sciences and its competitors.
Is Novo Integrated Sciences' Effective Interest Rate on Debt % too high?
Novo Integrated Sciences' current Effective Interest Rate on Debt % is 250.57%. Overall, Novo Integrated Sciences has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novo Integrated Sciences' Effective Interest Rate on Debt % compare to BACK and NHLG?
Novo Integrated Sciences' Effective Interest Rate on Debt % of 250.57% can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Effective Interest Rate on Debt % depends on the Healthcare Providers & Services 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 Novo Integrated Sciences and its competitors. Novo Integrated Sciences's current Effective Interest Rate on Debt % is 250.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novo Integrated Sciences stock overvalued right now?
Novo Integrated Sciences (NVOS) has a current Effective Interest Rate on Debt % of 250.57%. The current Effective Interest Rate on Debt % is 250.57%. Novo Integrated Sciences' overall GF Score™ is 12/100. 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 Novo Integrated Sciences (NVOS), the current Effective Interest Rate on Debt % is 250.57% as of May. 2024. 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.

Novo Integrated Sciences Business Description

Address 11120 NE 2nd Street, Suite 100, Bellevue, WA, USA, 98004
Novo Integrated Sciences Inc is a medical care company. It provides specialized physiotherapy, chiropractic care, occupational therapy, eldercare, laser therapeutics, massage therapy, acupuncture, neurological functions, kinesiology, and others. It has two reportable segments: healthcare services and product sales. Healthcare services generate the majority of revenue.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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