OKAIF (EvokAI Creative Labs) Effective Interest Rate on Debt % : 3.97% (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is EvokAI Creative 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. EvokAI Creative Labs's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.03 Mil. EvokAI Creative Labs's average total debt for the quarter that ended in Sep. 2024 was $0.81 Mil. Therefore, EvokAI Creative Labs's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 3.97%.

EvokAI Creative Labs Effective Interest Rate on Debt % Historical Data

The historical data trend for EvokAI Creative 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.

* Premium members only.

EvokAI Creative Labs Effective Interest Rate on Debt % Chart

EvokAI Creative Labs Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

2.29

EvokAI Creative Labs Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-	4.07	-	4.16	3.97

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

For the Health Information Services subindustry, EvokAI Creative 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.

EvokAI Creative Labs's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

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

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

Save Embed

;

Save Embed

;

EvokAI Creative Labs Effective Interest Rate on Debt % Calculation

EvokAI Creative 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 * -0.018	/	( (0	+	0.787)	/ 1 )
=	-1 * -0.018	/	0.787
=	2.29 %

where

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

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.678	+	0.109
=	0.787

EvokAI Creative Labs'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 * -0.032	/	( (0.771	+	0.841)	/ 2 )
=	-1 * -0.032	/	0.806
=	3.97 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.621	+	0.15
=	0.771

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.708	+	0.133
=	0.841

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.

EvokAI Creative Labs (OTCPK:OKAIF) Effective Interest Rate on Debt % Explanation

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

EvokAI Creative Labs Effective Interest Rate on Debt % Related Terms

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

EvokAI Creative Labs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EvokAI Creative Labs Inc (OTCPK:OKAIF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

OKAI:Canada

Address

609 Granville Street, Suite 1600, PO Box 10068, Pacific Centre, Vancouver, BC, CAN, V7Y 1C3

Website

https://www.evokailabs.com

EvokAI Creative Labs Inc is a medtech artificial-intelligence-powered company. It deploys machine learning models to search medical data and uncover insights to help improve health outcomes, patient experiences, drug development, preclinical and clinical decisions, and provide more accurate diagnoses. EvokAI tailors its AI algorithms across the whole healthcare system, from hospitals, private clinics, research institutions, pharmaceutical companies, and contract research organizations to medical professionals, patients, and healthy individuals aiming at preventing and early detecting any kind of disease and beyond, protecting the aging genome.