Eddy Smart Home Solutions (TSXV:EDY) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2024)

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What is Eddy Smart Home Solutions 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. Eddy Smart Home Solutions's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was C$0.00 Mil. Eddy Smart Home Solutions's average total debt for the quarter that ended in Sep. 2024 was C$5.59 Mil. Therefore, Eddy Smart Home Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.00%.

Eddy Smart Home Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Eddy Smart Home Solutions'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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Eddy Smart Home Solutions Effective Interest Rate on Debt % Chart

Eddy Smart Home Solutions Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

4.30

16.21

Eddy Smart Home Solutions Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										13.07	13.10	12.04	12.98	-

Competitive Comparison of Eddy Smart Home Solutions's Effective Interest Rate on Debt %

For the Scientific & Technical Instruments subindustry, Eddy Smart Home Solutions'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.

Eddy Smart Home Solutions's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Eddy Smart Home Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Eddy Smart Home Solutions's Effective Interest Rate on Debt % falls into.

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Eddy Smart Home Solutions Effective Interest Rate on Debt % Calculation

Eddy Smart Home Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.762	/	( (3.001	+	6.401)	/ 2 )
=	-1 * -0.762	/	4.701
=	16.21 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.514	+	2.487
=	3.001

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	6.401
=	6.401

Eddy Smart Home Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * 0	/	( (5.59	+	0)	/ 1 )
=	-1 * 0	/	5.59
=	0.00 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.59
=	5.59

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

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

Eddy Smart Home Solutions (TSXV:EDY) Effective Interest Rate on Debt % Explanation

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

Eddy Smart Home Solutions Effective Interest Rate on Debt % Related Terms

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Eddy Smart Home Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eddy Smart Home Solutions Ltd (TSXV:EDY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5255 Yonge Street, Suite 900, Toronto, ON, CAN, M2N 6P4

Website

https://www.eddysolutions.com

Eddy Smart Home Solutions Ltd is a provider and developer of residential and commercial smart water metering products and monitoring services. It helps property owners to protect, control, and conserve water usage by combining water-sensing devices with behavioral learning software. The Company operates in three operating segments, which are multi-family residences (MFR), single family residences (SFR) and customer & industrial (C&I). The company's revenue is generated from customers in Canada and the USA.

Executives

Mark Silver	10% Security Holder, Director
Boris Baril	Senior Officer
Cory Silver	Senior Officer

Eddy Smart Home Solutions Headlines

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