Marvel Biosciences (TSXV:MRVL) Effective Interest Rate on Debt % : 8.42% (As of Jan. 2025)

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What is Marvel Biosciences 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. Marvel Biosciences's annualized positive value of Interest Expense for the quarter that ended in Jan. 2025 was C$0.14 Mil. Marvel Biosciences's average total debt for the quarter that ended in Jan. 2025 was C$1.71 Mil. Therefore, Marvel Biosciences's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 was 8.42%.

Marvel Biosciences Effective Interest Rate on Debt % Historical Data

The historical data trend for Marvel Biosciences'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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Marvel Biosciences Effective Interest Rate on Debt % Chart

Marvel Biosciences Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Jul24

Effective Interest Rate on Debt %

3.80

8.41

Marvel Biosciences Quarterly Data
	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														7.04	9.33	8.97	8.42	8.42

Competitive Comparison of Marvel Biosciences's Effective Interest Rate on Debt %

For the Biotechnology subindustry, Marvel Biosciences'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.

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

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

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

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Marvel Biosciences Effective Interest Rate on Debt % Calculation

Marvel Biosciences's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2023 )	+	Total Debt (A: Jul. 2024 ))	/ count )
=	-1 * -0.114	/	( (1	+	1.71)	/ 2 )
=	-1 * -0.114	/	1.355
=	8.41 %

where

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1	+	0
=	1

	Total Debt (A: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.71	+	0
=	1.71

Marvel Biosciences's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2024 )	+	Total Debt (Q: Jan. 2025 ))	/ count )
=	-1 * -0.144	/	( (1.71	+	1.71)	/ 2 )
=	-1 * -0.144	/	1.71
=	8.42 %

where

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.71	+	0
=	1.71

	Total Debt (Q: Jan. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.71	+	0
=	1.71

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 (Jan. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Marvel Biosciences (TSXV:MRVL) Effective Interest Rate on Debt % Explanation

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

Marvel Biosciences Effective Interest Rate on Debt % Related Terms

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Marvel Biosciences Business Description

Industry

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MBCOF:USA

Address

505 - 8th Avenue SW, Suite 420, Calgary, AB, CAN, T2P1G2

Website

https://www.marvelbiotechnology.com

Marvel Biosciences Corp is a life sciences company focused on the discovery and development of a synthetic derivative compound of a known drug. It has developed several new chemical entities, using synthetic chemical derivatives of known, off-patent drugs, that inhibit the A2a adenosine receptor with application to neurological diseases (depression & anxiety, Alzheimer's, ADHD), and the non-neurological conditions of cancer and non-alcoholic steatohepatitis. Marvel is also exploring additional undisclosed targets to expand its asset pipeline.

Executives