Leveljump Healthcare (TSXV:JUMP) Effective Interest Rate on Debt % : 4.59% (As of Sep. 2023)

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What is Leveljump Healthcare 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. Leveljump Healthcare's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.24 Mil. Leveljump Healthcare's average total debt for the quarter that ended in Sep. 2023 was C$5.14 Mil. Therefore, Leveljump Healthcare's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 4.59%.

Leveljump Healthcare Effective Interest Rate on Debt % Historical Data

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

Leveljump Healthcare Annual Data

Trend

Aug19

Aug20

Dec21

Dec22

Effective Interest Rate on Debt %

140.74

6.79

Leveljump Healthcare Quarterly Data
	Nov19	Aug20	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								3.99	4.52	4.48	4.81	4.59

Competitive Comparison of Leveljump Healthcare's Effective Interest Rate on Debt %

For the Diagnostics & Research subindustry, Leveljump Healthcare'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.

Leveljump Healthcare's Effective Interest Rate on Debt % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Leveljump Healthcare's Effective Interest Rate on Debt % distribution charts can be found below:

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

Leveljump Healthcare Effective Interest Rate on Debt % Calculation

Leveljump Healthcare's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.143	/	( (0.027	+	4.183)	/ 2 )
=	-1 * -0.143	/	2.105
=	6.79 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.027
=	0.027

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.56	+	0.623
=	4.183

Leveljump Healthcare's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.236	/	( (5.128	+	5.16)	/ 2 )
=	-1 * -0.236	/	5.144
=	4.59 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.379	+	0.749
=	5.128

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.942	+	1.218
=	5.16

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

Leveljump Healthcare (TSXV:JUMP) Effective Interest Rate on Debt % Explanation

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

Leveljump Healthcare Effective Interest Rate on Debt % Related Terms

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Leveljump Healthcare (TSXV:JUMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Leveljump Healthcare Corp (TSXV:JUMP) » Definitions » Effective Interest Rate on Debt %

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JMPHF:USA

Address

85 Scarsdale Road, Suite 304, Toronto, ON, CAN, M3B 2R2

Website

https://www.leveljumphealthcare.com

Leveljump Healthcare Corp is engaged in the business of providing radiology solutions for hospitals, emergency rooms, and private clinics. The company offers telehealth services that are designed to provide a doctor-to-doctor collaboration and diagnosis allowing effective patient care.

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