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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. Onconetix's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $1.54 Mil. Onconetix's average total debt for the quarter that ended in Sep. 2024 was $12.70 Mil. Therefore, Onconetix's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 12.13%.
The historical data trend for Onconetix'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.
Onconetix Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Effective Interest Rate on Debt % | - | - | - | - | 6.80 |
Onconetix Quarterly Data | |||||||||||||||||
Dec19 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial |
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8.25 | 6.63 | 13.07 | 9.41 | 12.13 |
For the Biotechnology subindustry, Onconetix'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.
For the Biotechnology industry and Healthcare sector, Onconetix's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Onconetix's Effective Interest Rate on Debt % falls into.
Onconetix'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 * -0.672 | / | ( (0 | + | 9.886) | / 1 ) |
= | -1 * -0.672 | / | 9.886 | |||
= | 6.80 % |
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 |
= | 0.193 | + | 9.693 |
= | 9.886 |
Onconetix'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 * -1.54 | / | ( (15.279 | + | 10.118) | / 2 ) |
= | -1 * -1.54 | / | 12.6985 | |||
= | 12.13 % |
where
Total Debt (Q: Jun. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 0.172 | + | 15.107 |
= | 15.279 |
Total Debt (Q: Sep. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 0.151 | + | 9.967 |
= | 10.118 |
* 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.
Onconetix (NAS:ONCO) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Onconetix's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Neil J Campbell | director, officer: Chief Executive Officer | 225 CHIMNEY CORNER LANE, SUITE 2001, JUPITER FL 33458 |
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