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WFLDF (Wellfield Technologies) Effective Interest Rate on Debt % : 4.22% (As of Sep. 2024)


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What is Wellfield Technologies 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. Wellfield Technologies's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.38 Mil. Wellfield Technologies's average total debt for the quarter that ended in Sep. 2024 was $9.00 Mil. Therefore, Wellfield Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 4.22%.

Wellfield Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Wellfield Technologies'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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Wellfield Technologies Effective Interest Rate on Debt % Chart

Wellfield Technologies Annual Data
Trend Dec19 Dec20 Dec21 Mar23 Mar24
Effective Interest Rate on Debt %
- - - - 4.63

Wellfield Technologies Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - 7.68 4.66 2.54 4.22

Competitive Comparison of Wellfield Technologies's Effective Interest Rate on Debt %

For the Software - Application subindustry, Wellfield Technologies'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.

Wellfield Technologies's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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


Wellfield Technologies Effective Interest Rate on Debt % Calculation

Wellfield Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2023 )+Total Debt  (A: Mar. 2024 ))/ count )
=-1  *  -0.238/( (0.856+9.433)/ 2 )
=-1  *  -0.238/5.1445
=4.63 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.856
=0.856

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.902 + 4.531
=9.433

Wellfield Technologies'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  *  -0.38/( (8.852+9.145)/ 2 )
=-1  *  -0.38/8.9985
=4.22 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.842 + 4.01
=8.852

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.899 + 4.246
=9.145

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

Wellfield Technologies  (OTCPK:WFLDF) Effective Interest Rate on Debt % Explanation

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

Wellfield Technologies Effective Interest Rate on Debt % Related Terms

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Wellfield Technologies Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Wellfield Technologies Inc (OTCPK:WFLDF) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
K8D:Germany WFLD:Canada
Address
666 Burrard Street, Suite 2500, Vancouver, BC, CAN, V6C 2X8
Website
https://www.wellfield.io
Wellfield Technologies Inc is engaged in decentralized finance (DeFi) by building open and accessible decentralized protocols and also blockchain-based consumer products. The company's brands include Seamless - the company's protocol layer and MoneyClip - the company's application layer brand. The company's brands include Coinmama, Wellfield Capital, and Wellfield Gold.