VSEE (VSee Health) Effective Interest Rate on Debt % : 7.35% (As of Sep. 2024)

View and export this data going back to 2024. Start your Free Trial

What is VSee Health 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. VSee Health's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.93 Mil. VSee Health's average total debt for the quarter that ended in Sep. 2024 was $12.63 Mil. Therefore, VSee Health's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 7.35%.

VSee Health Effective Interest Rate on Debt % Historical Data

The historical data trend for VSee Health'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.

* Premium members only.

VSee Health Effective Interest Rate on Debt % Chart

VSee Health Annual Data

Trend

Dec21

Dec22

Effective Interest Rate on Debt %

6.19

VSee Health Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			61.90	-	6.55	18.09	7.35

Competitive Comparison of VSee Health's Effective Interest Rate on Debt %

For the Health Information Services subindustry, VSee Health'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.

VSee Health's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

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

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

Save Embed

;

Save Embed

;

VSee Health Effective Interest Rate on Debt % Calculation

VSee Health'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 * -0.032	/	( (0	+	0.517)	/ 1 )
=	-1 * -0.032	/	0.517
=	6.19 %

where

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

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.517
=	0.517

VSee Health'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 * -0.928	/	( (14.93	+	10.322)	/ 2 )
=	-1 * -0.928	/	12.626
=	7.35 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.297	+	13.633
=	14.93

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.065	+	9.257
=	10.322

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.

VSee Health (NAS:VSEE) Effective Interest Rate on Debt % Explanation

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

VSee Health Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of VSee Health's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

VSee Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » VSee Health Inc (NAS:VSEE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3188 Kimlee Drive, Suite 100, San Jose, CA, USA, 95132

Website

https://www.vsee.com

VSee Health Inc is a telehealth software platform. VSee's telemedicine solution, offering a fast, secure text + video collaboration app HIPAA messenger, and fully customizable virtual waiting rooms and clinics, is a complete telehealth platform that fits into any workflow. The VSee proprietary technology platform and modular software solution enable users to plug and play telehealth services with end-to-end encrypted video streaming integrated with patient metrics, electronic medical records, and other sensitive data, with multiple other interactive functionalities. The company's products include VSee Clinic, VSee Messenger, VSee APIs, VSee Remote patient monitoring, VSee Telehealth Staffing.