TBIXF (TrustBIX) Effective Interest Rate on Debt % : 16.52% (As of Jun. 2024)

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What is TrustBIX 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. TrustBIX's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.09 Mil. TrustBIX's average total debt for the quarter that ended in Jun. 2024 was $0.56 Mil. Therefore, TrustBIX's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 16.52%.

TrustBIX Effective Interest Rate on Debt % Historical Data

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

TrustBIX Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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3.74

21.68

15.06

14.09

TrustBIX Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.34	16.08	16.34	16.65	16.52

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

For the Software - Application subindustry, TrustBIX'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.

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

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

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

TrustBIX Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.091	/	( (0.765	+	0.527)	/ 2 )
=	-1 * -0.091	/	0.646
=	14.09 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.479	+	0.286
=	0.765

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.443	+	0.084
=	0.527

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.092	/	( (0.555	+	0.559)	/ 2 )
=	-1 * -0.092	/	0.557
=	16.52 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.417	+	0.138
=	0.555

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.377	+	0.182
=	0.559

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

TrustBIX (OTCPK:TBIXF) Effective Interest Rate on Debt % Explanation

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

TrustBIX Effective Interest Rate on Debt % Related Terms

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TrustBIX Business Description

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TBIX:Canada

Address

10607 - 82 Street NW, Suite 200, 2nd Floor, Edmonton, AB, CAN, T6A 3N2

Website

https://www.trustbix.com

TrustBIX Inc goal is to create a world where trust more, waste less and reward sustainable behaviour by addressing consumer and agri-food business demands. The company delivers independent validation of food provenance and sustainable production practices within the supply chain - Gate to Plate. It provides a suite of hardware and software solutions to the livestock industry in North America and China. The company's Insight technology offers an edge-to-enterprise supply chain solution that brings asset situational awareness to dealers, equipment fleets, and civil construction managers.