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OZSC (Ozop Energy Solutions) Effective Interest Rate on Debt % : 20.86% (As of Sep. 2024)


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What is Ozop Energy Solutions 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. Ozop Energy Solutions's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $4.23 Mil. Ozop Energy Solutions's average total debt for the quarter that ended in Sep. 2024 was $20.27 Mil. Therefore, Ozop Energy Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 20.86%.


Ozop Energy Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Ozop Energy Solutions'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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Ozop Energy Solutions Effective Interest Rate on Debt % Chart

Ozop Energy Solutions Annual Data
Trend Apr16 Apr17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 7.70 208.37 656.01 51.56 22.43

Ozop Energy Solutions Quarterly Data
Dec19 Mar20 Jun20 Sep20 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 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 21.29 21.46 21.48 21.16 20.86

Competitive Comparison of Ozop Energy Solutions's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Ozop Energy Solutions'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.


Ozop Energy Solutions's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ozop Energy Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

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



Ozop Energy Solutions Effective Interest Rate on Debt % Calculation

Ozop Energy Solutions'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  *  -4.351/( (19.263+19.531)/ 2 )
=-1  *  -4.351/19.397
=22.43 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.657 + 4.606
=19.263

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.521 + 19.01
=19.531

Ozop Energy Solutions'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  *  -4.228/( (20.126+20.42)/ 2 )
=-1  *  -4.228/20.273
=20.86 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.47 + 19.656
=20.126

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.442 + 19.978
=20.42

* 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.


Ozop Energy Solutions  (OTCPK:OZSC) Effective Interest Rate on Debt % Explanation

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


Ozop Energy Solutions Effective Interest Rate on Debt % Related Terms

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Ozop Energy Solutions Business Description

Traded in Other Exchanges
N/A
Address
55 Ronald Reagan Boulevard, Warwick, NY, USA, 10990
Ozop Energy Solutions Inc is engaged in the renewable, electric vehicle, energy storage, and energy resiliency sectors. The company invents, designs, develops, manufactures, and distributes ultra-high power chargers, inverters, and power supplies for a wide variety of applications in the defense, heavy industrial, aircraft ground support, maritime and other sectors. The components it distributes include PV panels, solar inverters, solar mounting systems, stationary batteries, onsite generators, and other associated electrical equipment and components that are all manufactured by multiple companies, both domestically and internationally.
Executives
Thomas J Mcleer officer: Chief Operating Officer 20 BLUE HORIZON, LAGUNA NIGUEL CA 92677
Michael D Chermak director, 10 percent owner, officer: CEO
Barry S Hollander officer: CFO 319 CLEMATIS ST, SUITE 812, WEST PALM BEACH FL 33401
Salman J Chaudhry director, officer: COO
Eric Siu director, 10 percent owner 319 CLEMATIS STREET, SUITE 714, WEST PALM BEACH FL 33401
Rwo Medical Consulting Llc 10 percent owner 5227 W ADAMS AVE, #401, TEMPLE TX 76502