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QuantGate Systems (QuantGate Systems) Effective Interest Rate on Debt % : 5.28% (As of Nov. 2023)


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What is QuantGate Systems 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. QuantGate Systems's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $0.15 Mil. QuantGate Systems's average total debt for the quarter that ended in Nov. 2023 was $2.80 Mil. Therefore, QuantGate Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 5.28%.


QuantGate Systems Effective Interest Rate on Debt % Historical Data

The historical data trend for QuantGate Systems'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.

QuantGate Systems Effective Interest Rate on Debt % Chart

QuantGate Systems Annual Data
Trend May11 May12 May13 May14 May15 May16 May20 May21 May22 May23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.76 7.45 - 5.96 6.64

QuantGate Systems Quarterly Data
Feb16 May16 Aug16 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 6.54 5.35 6.65 5.25 5.28

Competitive Comparison of QuantGate Systems's Effective Interest Rate on Debt %

For the Software - Application subindustry, QuantGate Systems'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.


QuantGate Systems's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, QuantGate Systems's Effective Interest Rate on Debt % distribution charts can be found below:

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



QuantGate Systems Effective Interest Rate on Debt % Calculation

QuantGate Systems's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: May. 2022 )+Total Debt  (A: May. 2023 ))/ count )
=-1  *  -0.157/( (2.106+2.624)/ 2 )
=-1  *  -0.157/2.365
=6.64 %

where

Total Debt  (A: May. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.047 + 0.059
=2.106

Total Debt  (A: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.706 + 0.918
=2.624

QuantGate Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Aug. 2023 )+Total Debt  (Q: Nov. 2023 ))/ count )
=-1  *  -0.148/( (2.861+2.746)/ 2 )
=-1  *  -0.148/2.8035
=5.28 %

where

Total Debt  (Q: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.706 + 1.155
=2.861

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.706 + 1.04
=2.746

* 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 (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


QuantGate Systems  (OTCPK:QGSI) Effective Interest Rate on Debt % Explanation

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


QuantGate Systems Effective Interest Rate on Debt % Related Terms

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QuantGate Systems (QuantGate Systems) Business Description

Industry
Traded in Other Exchanges
N/A
Address
99 Wall Street, Suite 1701, New York, NY, USA, 10005
QuantGate Systems Inc is a Fintech company, developing Artificial Intelligence, Machine Learning and big-data processing algorithms and analytics to deliver SaaS solutions and seamless API integration. Pilot Trading is a wholly owned subsidiary of the company. Its core intelligence identifies investment opportunities across multiple asset classes, rooted in the financial markets, and for cryptocurrency exchanges, enabling valued clients to make better informed investment decisions. Turnkey solutions and efficient API's, founded on robust and scalable SaaS architecture, allow third party integration for onboarding existing users, and scaling globally.
Executives
Jack J. Bensimon officer: Chief Executive Officer 34 KING ST. E. SUITE 1010, TORONTO A6 M5C 2X8
Ontario 1476448 10 percent owner 1927 SHELLARD ROAD, CAMBRIDGE A6 N1R 5S7
Murray Simser officer: CEO and President C/O MOBILE INTEGRATED SYSTEMS, INC., 25 ADELAIDE STREET EAST, SUITE 502, TORONTO A6 M5C 3A1
Benjamin Chesir other: Former Director ONE NORTH END AVENUE, WORLD FINANCIAL CENTER, NEW YORK NY 10282
Richard Schaeffer other: Former Director C/O LIQUID HOLDINGS GROUP, INC., 800 THIRD AVE., 39TH FLOOR, NEW YORK NY 10022
Emlyn David director, officer: Chief Executive Officer SUITE 502, 25 ADELAIDE STREET, TORONTO A6 M5C 3A1
James Mcgovern other: Former Director C/O LOTO INC., 25 ADELAIDE STREET EAST, 502, TORONTO A6 M5C 3A1
Fulvio Ciano officer: President and CTO 142 BANFF RD., TORONTO A6 M4P 2P7
Todd Halpern director C/O LOTO INC., 25 ADELAIDE STREET EAST, 502, TORONTO A6 M5C 3A1
2238646 Ontario Inc. 10 percent owner 23 BEDFORD ROAD, TORONTO A6 M5R 2J9
Alan Ralph director 48 ROYAL HENLEY BLVD., ST. CATHARINES A6 L2N4S1
J Trevor Eyton director PO BOX 723040, ATLANTA GA 30339
Baker A. Stephen officer: Chief Technology Officer 2361 SOUTHCOTT ROAD, PICKERING A6 L1X 2T3
Jason Randall Barrs director 23 BEDFORD ROAD, TORONTO A6 M5R 2J9
Donald Ziraldo director 15468 NIAGARA PARKWAY, NIAGARA ON THE LAKE A6 L0S 1J0