RR (Richtech Robotics) Effective Interest Rate on Debt % : 2.49% (As of Dec. 2024)

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What is Richtech Robotics 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. Richtech Robotics's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $0.02 Mil. Richtech Robotics's average total debt for the quarter that ended in Dec. 2024 was $0.64 Mil. Therefore, Richtech Robotics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 2.49%.

Richtech Robotics Effective Interest Rate on Debt % Historical Data

The historical data trend for Richtech Robotics'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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Richtech Robotics Effective Interest Rate on Debt % Chart

Richtech Robotics Annual Data

Trend

Sep21

Sep22

Sep23

Sep24

Effective Interest Rate on Debt %

4.65

94.89

88.66

Richtech Robotics Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									265.21	53.19	15.25	0.23	2.49

Competitive Comparison of Richtech Robotics's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Richtech Robotics'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.

Richtech Robotics's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Richtech Robotics Effective Interest Rate on Debt % Calculation

Richtech Robotics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2023 )	+	Total Debt (A: Sep. 2024 ))	/ count )
=	-1 * -0.762	/	( (1.16	+	0.559)	/ 2 )
=	-1 * -0.762	/	0.8595
=	88.66 %

where

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.154	+	1.006
=	1.16

	Total Debt (A: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.356	+	0.203
=	0.559

Richtech Robotics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.016	/	( (0.559	+	0.726)	/ 2 )
=	-1 * -0.016	/	0.6425
=	2.49 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.356	+	0.203
=	0.559

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.464	+	0.262
=	0.726

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 (Dec. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Richtech Robotics (NAS:RR) Effective Interest Rate on Debt % Explanation

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

Richtech Robotics Effective Interest Rate on Debt % Related Terms

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Richtech Robotics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Richtech Robotics Inc (NAS:RR) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

4175 Cameron Street, Suite 1, Las Vegas, NV, USA, 89103

Website

https://www.richtechrobotics.com

Richtech Robotics Inc is a developer of new robotic technologies focused on transforming labor-intensive services in hospitality and other sectors currently experiencing unprecedented labor shortages. The company designs, manufacture and sells robots to restaurants, hotels, senior living centers, casinos, factories, movie theaters and other businesses. Its robots perform a variety of services including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. The company designs its robots to be friendly, customizable to client environments, and extremely reliable.