GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Odyssey Semiconductor Technologies Inc (OTCPK:ODII) » Definitions » Effective Interest Rate on Debt %

Odyssey Semiconductor Technologies (Odyssey Semiconductor Technologies) Effective Interest Rate on Debt % : 7.14% (As of Dec. 2023)


View and export this data going back to 2020. Start your Free Trial

What is Odyssey Semiconductor Technologies 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. Odyssey Semiconductor Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.40 Mil. Odyssey Semiconductor Technologies's average total debt for the quarter that ended in Dec. 2023 was $5.66 Mil. Therefore, Odyssey Semiconductor Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.14%.


Odyssey Semiconductor Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Odyssey Semiconductor Technologies'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.

* Premium members only.

Odyssey Semiconductor Technologies Effective Interest Rate on Debt % Chart

Odyssey Semiconductor Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial - 0.44 2.92 2.07 6.76

Odyssey Semiconductor Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.19 6.73 6.75 6.75 7.14

Competitive Comparison of Odyssey Semiconductor Technologies's Effective Interest Rate on Debt %

For the Semiconductors subindustry, Odyssey Semiconductor Technologies'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.


Odyssey Semiconductor Technologies's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Odyssey Semiconductor Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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



Odyssey Semiconductor Technologies Effective Interest Rate on Debt % Calculation

Odyssey Semiconductor Technologies'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  *  -0.38/( (5.484+5.751)/ 2 )
=-1  *  -0.38/5.6175
=6.76 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.24 + 0.244
=5.484

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.483 + 0.268
=5.751

Odyssey Semiconductor Technologies'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  *  -0.404/( (5.562+5.751)/ 2 )
=-1  *  -0.404/5.6565
=7.14 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.293 + 0.269
=5.562

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.483 + 0.268
=5.751

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


Odyssey Semiconductor Technologies  (OTCPK:ODII) Effective Interest Rate on Debt % Explanation

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


Odyssey Semiconductor Technologies Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Odyssey Semiconductor Technologies's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Odyssey Semiconductor Technologies (Odyssey Semiconductor Technologies) Business Description

Traded in Other Exchanges
N/A
Address
9 Brown Road, Ithaca, NY, USA, 14850
Odyssey Semiconductor Technologies Inc is a semiconductor device company developing revolutionary high-voltage power switching components and systems based on proprietary Gallium Nitride (GaN) processing technology. The company's GaN processing technology allows for the realization of vertical current conduction GaN devices which extends application voltages from 1,000 V to over 10,000V, allowing GaN power switching devices to extend well beyond the consumer electronics application space and into more demanding applications such as electric vehicles, industrial motor control, and energy grid applications.