Jack Nathan Medical (TSXV:JNH) Effective Interest Rate on Debt %: 15.97% (As of Oct. 2023)

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What is Jack Nathan Medical Effective Interest Rate on Debt %?

Jack Nathan Medical TSXV:JNH Effective Interest Rate on Debt % is 15.97% as of Oct. 2023.

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. Jack Nathan Medical's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was C$1.86 Mil. Jack Nathan Medical's average total debt for the quarter that ended in Oct. 2023 was C$11.65 Mil. Therefore, Jack Nathan Medical's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 15.97%.

Jack Nathan Medical  (TSXV:JNH) Effective Interest Rate on Debt % Explanation

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

Jack Nathan Medical Effective Interest Rate on Debt % Related Terms

Jack Nathan Medical Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Jack Nathan Medical'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.

Jack Nathan Medical Effective Interest Rate on Debt % Chart

Jack Nathan Medical Annual Data
Trend Dec18 Dec19 Jan20 Jan21 Jan22 Jan23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.00 0.00 3.97 19.47 35.44

Jack Nathan Medical Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.16 27.32 0.00 2.94 15.97

TSXV:JNH vs HCA, UHS, CHE: Effective Interest Rate on Debt % Comparison

For the Medical Care Facilities subindustry, Jack Nathan Medical'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.

Jack Nathan Medical Effective Interest Rate on Debt % vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Jack Nathan Medical's Effective Interest Rate on Debt % distribution charts can be found below:

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


Jack Nathan Medical Effective Interest Rate on Debt % Calculation

Jack Nathan Medical's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2022 )+Total Debt  (A: Jan. 2023 ))/ count )
=-1  *  -0.41/( (1.157+0)/ 1 )
=-1  *  -0.41/1.157
=35.44 %

where

Total Debt  (A: Jan. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.65 + 0.507
=1.157

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

Jack Nathan Medical's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2023 )+Total Debt  (Q: Oct. 2023 ))/ count )
=-1  *  -1.86/( (11.687+11.609)/ 2 )
=-1  *  -1.86/11.648
=15.97 %

where

Total Debt  (Q: Jul. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.32 + 2.367
=11.687

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.323 + 2.286
=11.609

* 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.

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 (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 15.97% mean?
Jack Nathan Medical (TSXV:JNH) has a Effective Interest Rate on Debt % of 15.97% as of Oct. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Jack Nathan Medical and its competitors.
Is Jack Nathan Medical's Effective Interest Rate on Debt % too high?
Jack Nathan Medical's current Effective Interest Rate on Debt % is 15.97%.
How does Jack Nathan Medical's Effective Interest Rate on Debt % compare to HCA and UHS?
Jack Nathan Medical's Effective Interest Rate on Debt % of 15.97% can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Healthcare Providers & Services company?
A good Effective Interest Rate on Debt % depends on the Healthcare Providers & Services industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Jack Nathan Medical and its competitors. Jack Nathan Medical's current Effective Interest Rate on Debt % is 15.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jack Nathan Medical stock overvalued right now?
Jack Nathan Medical (TSXV:JNH) has a current Effective Interest Rate on Debt % of 15.97%. The current Effective Interest Rate on Debt % is 15.97%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Jack Nathan Medical (TSXV:JNH), the current Effective Interest Rate on Debt % is 15.97% as of Oct. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Jack Nathan Medical Business Description

Address 6 - 6150 Highway 7, Suite 491, Jack Nathan Health, Woodbridge, ON, CAN, L4H 0R6
Jack Nathan Medical Corp is a provider of primary care medical clinics located in Walmart Supercentres under the Jack Nathan Health brand. The company designs, builds and sets barrier-free medical clinics for physicians in high-density centers, providing patients with an opportunity to receive immediate access to quality care in modern facilities.