Theratechnologies (Theratechnologies) Effective Interest Rate on Debt % : 17.94% (As of Feb. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Theratechnologies 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. Theratechnologies's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $10.59 Mil. Theratechnologies's average total debt for the quarter that ended in Feb. 2024 was $59.05 Mil. Therefore, Theratechnologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 17.94%.

Theratechnologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Theratechnologies'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.

Theratechnologies Effective Interest Rate on Debt % Chart

Theratechnologies Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

9.98

10.11

10.10

10.53

16.49

Theratechnologies Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															13.97	14.97	17.57	19.23	17.94

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

For the Biotechnology subindustry, Theratechnologies'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.

Theratechnologies's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Theratechnologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Theratechnologies Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -10.361	/	( (66.711	+	58.968)	/ 2 )
=	-1 * -10.361	/	62.8395
=	16.49 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.446	+	65.265
=	66.711

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	51.261	+	7.707
=	58.968

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -10.592	/	( (58.968	+	59.14)	/ 2 )
=	-1 * -10.592	/	59.054
=	17.94 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	51.261	+	7.707
=	58.968

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46.355	+	12.785
=	59.14

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

Theratechnologies (NAS:THTX) Effective Interest Rate on Debt % Explanation

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

Theratechnologies Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Theratechnologies's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Theratechnologies (Theratechnologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Theratechnologies Inc (NAS:THTX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

TQ80:Germany TH:Canada

Address

2015, rue Peel, 11e etage, Montreal, QC, CAN, H3A 1T8

Website

https://www.theratech.com

Theratechnologies Inc is a specialty pharmaceutical company that addresses the unmet medical needs of HIV patients. It mainly operates in Canada and the United States. The company has two approved products, EGRIFTA marketed in Canada and the United States, and Trogarzo approved for commercialization in the United States.