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NTG Clarity Networks (TSXV:NCI) Effective Interest Rate on Debt % : 4.12% (As of Mar. 2024)


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What is NTG Clarity Networks 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. NTG Clarity Networks's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.30 Mil. NTG Clarity Networks's average total debt for the quarter that ended in Mar. 2024 was C$7.19 Mil. Therefore, NTG Clarity Networks's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.12%.


NTG Clarity Networks Effective Interest Rate on Debt % Historical Data

The historical data trend for NTG Clarity Networks'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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NTG Clarity Networks Effective Interest Rate on Debt % Chart

NTG Clarity Networks Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.21 3.50 2.52 4.06 -

NTG Clarity Networks Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.60 6.69 5.06 - 4.12

Competitive Comparison of NTG Clarity Networks's Effective Interest Rate on Debt %

For the Software - Application subindustry, NTG Clarity Networks'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.


NTG Clarity Networks's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, NTG Clarity Networks's Effective Interest Rate on Debt % distribution charts can be found below:

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



NTG Clarity Networks Effective Interest Rate on Debt % Calculation

NTG Clarity Networks'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  *  -0.321/( (7.869+7.959)/ 2 )
=-1  *  -0.321/7.914
=4.06 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.626 + 1.243
=7.869

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.676 + 1.283
=7.959

NTG Clarity Networks's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -0.296/( (0+7.186)/ 1 )
=-1  *  -0.296/7.186
=4.12 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.469 + 0.717
=7.186

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


NTG Clarity Networks  (TSXV:NCI) Effective Interest Rate on Debt % Explanation

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


NTG Clarity Networks Effective Interest Rate on Debt % Related Terms

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NTG Clarity Networks (TSXV:NCI) Business Description

Industry
Traded in Other Exchanges
Address
2820 Fourteenth Avenue, Suite 202, Markham, ON, CAN, L3R 0S9
NTG Clarity Networks Inc provides telecommunications engineering, Information Technology, networking, and related software solutions. It develops niche software products directed at telecom service providers and utilities markets. The company also provides professional services and managed services to the same vertical. In addition, it has also expanded into the financial and government sectors by providing products and technical resources to assist customers with projects that include digital transformation. The company`s Canadian segment is made up of activities in Canada and offices in Saudi Arabia and Oman; and the Egypt segment is a software development group that also provides professional services, offshoring services, and network services to customers in Egypt.
Executives
Kristine Anne Lewis Director
Ashraf Zaghloul 10% Security Holder, Director, Senior Officer

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