OneMedNet (OneMedNet) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is OneMedNet 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. OneMedNet's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. OneMedNet's average total debt for the quarter that ended in Dec. 2023 was $9.86 Mil. Therefore, OneMedNet's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

OneMedNet Effective Interest Rate on Debt % Historical Data

The historical data trend for OneMedNet'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.

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OneMedNet Effective Interest Rate on Debt % Chart

OneMedNet Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

5.20

4.55

8.37

OneMedNet Semi-Annual Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	-	1.37	-

Competitive Comparison of OneMedNet's Effective Interest Rate on Debt %

For the Health Information Services subindustry, OneMedNet'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.

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

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

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

OneMedNet Effective Interest Rate on Debt % Calculation

OneMedNet'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 * -0.749	/	( (12.799	+	5.101)	/ 2 )
=	-1 * -0.749	/	8.95
=	8.37 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.297	+	8.502
=	12.799

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.465	+	4.636
=	5.101

OneMedNet'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	/	( (14.613	+	5.101)	/ 2 )
=	-1 * 0	/	9.857
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.204	+	12.409
=	14.613

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.465	+	4.636
=	5.101

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

OneMedNet (NAS:ONMDW) Effective Interest Rate on Debt % Explanation

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

OneMedNet Effective Interest Rate on Debt % Related Terms

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