Tego Cyber (Tego Cyber) Effective Interest Rate on Debt % : 157.11% (As of Mar. 2024)

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What is Tego Cyber 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. Tego Cyber's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1.52 Mil. Tego Cyber's average total debt for the quarter that ended in Mar. 2024 was $0.97 Mil. Therefore, Tego Cyber's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 157.11%.

Tego Cyber Effective Interest Rate on Debt % Historical Data

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

Tego Cyber Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

734.78

286.96

73.32

Tego Cyber Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial													88.89	-42.80	3.61	539.56	157.11

Competitive Comparison of Tego Cyber's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Tego Cyber'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.

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

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

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

Tego Cyber Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.654	/	( (0	+	0.892)	/ 1 )
=	-1 * -0.654	/	0.892
=	73.32 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.892	+	0
=	0.892

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -1.524	/	( (0.92	+	1.02)	/ 2 )
=	-1 * -1.524	/	0.97
=	157.11 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.92
=	0.92

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.02
=	1.02

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

Tego Cyber (OTCPK:TGCB) Effective Interest Rate on Debt % Explanation

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

Tego Cyber Effective Interest Rate on Debt % Related Terms

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Tego Cyber (Tego Cyber) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tego Cyber Inc (OTCPK:TGCB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

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Traded in Other Exchanges

N/A

Address

8565 South Eastern Avenue, Suite 150, Las Vegas, NV, USA, 89123

Website

https://www.tegocyber.com

Tego Cyber Inc is engaged in the development and commercialization of cybersecurity services and solutions that reduce risk, prevent cyber-attacks and protect intellectual property and data. The products of the company are Threat Correlation, SIEM Integration, Threat Intelligence Feed, Databricks Integration and Amazon Security Lake.

Executives

Robert E Mikkelsen	officer: Chief Financial Officer	2033 N OVERFIELD RD, CASA GRANDE AZ 85194
Earl R Johnson	officer: CHIEF FINANCIAL OFFICER	8565 S EASTERN AVENUE, SUITE 150, LAS VEGAS NV 89123
Troy Wilkinson	director, 10 percent owner, officer: President	8565 S. EASTERN AVENUE, SUITE 150, LAS VEGAS NV 89123
Shannon Wilkinson	director, 10 percent owner, officer: CEO, CFO, Secretary, Treasurer	8565 S. EASTERN AVE., SUITE 150, LAS VEGAS NV 89123
Valera Michael De	director	8565 S. EASTERN AVENUE, SUITE 150, LAS VEGAS NV 89123
Christopher Craig White	director	8565 S. EASTERN AVE., SUITE 150, LAS VEGAS NV 89123