OHCS (Optimus Healthcare Svcs) Effective Interest Rate on Debt %: 12.11% (As of Sep. 2024)


What is Optimus Healthcare Svcs Effective Interest Rate on Debt %?

Optimus Healthcare Svcs OHCS Effective Interest Rate on Debt % is 12.11% as of Sep. 2024.

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. Optimus Healthcare Svcs's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.82 Mil. Optimus Healthcare Svcs's average total debt for the quarter that ended in Sep. 2024 was $6.77 Mil. Therefore, Optimus Healthcare Svcs's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 12.11%.

Optimus Healthcare Svcs  (OTCPK:OHCS) Effective Interest Rate on Debt % Explanation

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

Optimus Healthcare Svcs Effective Interest Rate on Debt % Related Terms

Optimus Healthcare Svcs Effective Interest Rate on Debt % Historical Data

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The historical data trend for Optimus Healthcare Svcs'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.

Optimus Healthcare Svcs Effective Interest Rate on Debt % Chart

Optimus Healthcare Svcs Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec08 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 4.78 0.00 69.49 65.54 38.16

Optimus Healthcare Svcs Quarterly Data
Sep03 Mar07 Jun07 Sep07 Mar08 Jun08 Sep08 Dec08 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 33.18 36.81 42.99 12.12 12.11

OHCS vs FOXO, OTRKQ, ICCT: Effective Interest Rate on Debt % Comparison

For the Health Information Services subindustry, Optimus Healthcare Svcs'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.

Optimus Healthcare Svcs Effective Interest Rate on Debt % vs Healthcare Providers & Services Industry

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

* The bar in red indicates where Optimus Healthcare Svcs's Effective Interest Rate on Debt % falls into.


Optimus Healthcare Svcs Effective Interest Rate on Debt % Calculation

Optimus Healthcare Svcs'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  *  -1.77/( (3.263+6.014)/ 2 )
=-1  *  -1.77/4.6385
=38.16 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.05 + 0.213
=3.263

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.177 + 5.837
=6.014

Optimus Healthcare Svcs's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -0.82/( (6.748+6.79)/ 2 )
=-1  *  -0.82/6.769
=12.11 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.146 + 6.602
=6.748

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.131 + 6.659
=6.79

* 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 (Sep. 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 12.11% mean?
Optimus Healthcare Svcs (OHCS) has a Effective Interest Rate on Debt % of 12.11% as of Sep. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Optimus Healthcare Svcs and its competitors.
Is Optimus Healthcare Svcs' Effective Interest Rate on Debt % too high?
Optimus Healthcare Svcs' current Effective Interest Rate on Debt % is 12.11%.
How does Optimus Healthcare Svcs' Effective Interest Rate on Debt % compare to FOXO and OTRKQ?
Optimus Healthcare Svcs' Effective Interest Rate on Debt % of 12.11% 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 Optimus Healthcare Svcs and its competitors. Optimus Healthcare Svcs's current Effective Interest Rate on Debt % is 12.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optimus Healthcare Svcs stock overvalued right now?
Optimus Healthcare Svcs (OHCS) has a current Effective Interest Rate on Debt % of 12.11%. The current Effective Interest Rate on Debt % is 12.11%. 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 Optimus Healthcare Svcs (OHCS), the current Effective Interest Rate on Debt % is 12.11% as of Sep. 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.

Optimus Healthcare Svcs Business Description

Address 1400 Old Country Road, Suite 306, Westbury, NY, USA, 11590
Optimus Healthcare Svcs Inc focuses on acquiring controlling interests in healthcare-related businesses. The company is dedicated to advancing access to clinical trial research and simplifying access to vaccines and pharmaceutical products. It currently operates through its portfolio companies, Clinical Research Alliance, Inc. (CRA), and Worker's Health Rx (d/b/a "Vitality Rx"). The vision is to grow by acquiring controlling interests in healthcare-related businesses with products and services that improve healthcare access and outcomes. Optimus aims to empower physicians and patients with information and tools for informed healthcare decisions.