Ocean Power Technologies (STU:RUOB) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2024)

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What is Ocean Power Technologies 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. Ocean Power Technologies's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was €0.00 Mil. Ocean Power Technologies's average total debt for the quarter that ended in Jan. 2024 was €2.01 Mil. Therefore, Ocean Power Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.00%.

Ocean Power Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Ocean Power Technologies'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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Ocean Power Technologies Effective Interest Rate on Debt % Chart

Ocean Power Technologies Annual Data

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Effective Interest Rate on Debt %

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Ocean Power Technologies Quarterly Data
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Competitive Comparison of Ocean Power Technologies's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Ocean Power Technologies'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.

Ocean Power Technologies's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Ocean Power Technologies Effective Interest Rate on Debt % Calculation

Ocean Power Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * 0	/	( (0.793	+	1.678)	/ 2 )
=	-1 * 0	/	1.2355
=	0.00 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.498	+	0.295
=	0.793

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.196	+	0.482
=	1.678

Ocean Power Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * 0	/	( (1.552	+	2.47)	/ 2 )
=	-1 * 0	/	2.011
=	0.00 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.004	+	0.548
=	1.552

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.896	+	0.574
=	2.47

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

Ocean Power Technologies (STU:RUOB) Effective Interest Rate on Debt % Explanation

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

Ocean Power Technologies Effective Interest Rate on Debt % Related Terms

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Ocean Power Technologies (STU:RUOB) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ocean Power Technologies Inc (STU:RUOB) » Definitions » Effective Interest Rate on Debt %

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OPTT:USA

Address

28 Engelhard Drive, Suite B, Monroe Township, NJ, USA, 08831

Website

https://www.oceanpowertechnologies.com

Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.

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