Genesis AI (XCNQ:AIG) Effective Interest Rate on Debt % : 10.00% (As of Dec. 2023)

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What is Genesis AI 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. Genesis AI's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.00 Mil. Genesis AI's average total debt for the quarter that ended in Dec. 2023 was C$0.04 Mil. Therefore, Genesis AI's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.00%.

Genesis AI Effective Interest Rate on Debt % Historical Data

The historical data trend for Genesis AI'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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Genesis AI Effective Interest Rate on Debt % Chart

Genesis AI Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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10.00

Genesis AI Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	10.00	20.00	10.00	10.00

Competitive Comparison of Genesis AI's Effective Interest Rate on Debt %

For the Software - Application subindustry, Genesis AI'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.

Genesis AI's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Genesis AI Effective Interest Rate on Debt % Calculation

Genesis AI's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.004	/	( (0	+	0.04)	/ 1 )
=	-1 * -0.004	/	0.04
=	10.00 %

where

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

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.04
=	0.04

Genesis AI's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.004	/	( (0.04	+	0.04)	/ 2 )
=	-1 * -0.004	/	0.04
=	10.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.04
=	0.04

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.04
=	0.04

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

Genesis AI (XCNQ:AIG) Effective Interest Rate on Debt % Explanation

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

Genesis AI Effective Interest Rate on Debt % Related Terms

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Genesis AI (XCNQ:AIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Genesis AI Corp (XCNQ:AIG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

AIGFF:USA NL8:Germany

Address

1620 Dickson Avenue, Suite 750, Kelowna, BC, CAN, V1Y 9Y2

Website

https://security.gallagher.com

Genesis AI Corp Formerly Gallagher Security Corp is a cybersecurity specialist company. It specializes in creating solutions to provide key organizational stakeholders with accurate and timely business intelligence to increase security posture and reduce risk. Further, it holds a military grade, cybersecurity platform for small-to-medium-sized businesses, comprising blockchain event validation, cyber tagging, incident response, and rapid restoration.

Executives

Jeremy Wiebe

Director