Bluesky Digital Assets (XCNQ:BTC) Effective Interest Rate on Debt % : 13.73% (As of Mar. 2025)

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What is Bluesky Digital Assets 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. Bluesky Digital Assets's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was C$0.02 Mil. Bluesky Digital Assets's average total debt for the quarter that ended in Mar. 2025 was C$0.12 Mil. Therefore, Bluesky Digital Assets's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 13.73%.

Bluesky Digital Assets Effective Interest Rate on Debt % Historical Data

The historical data trend for Bluesky Digital Assets'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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Bluesky Digital Assets Effective Interest Rate on Debt % Chart

Bluesky Digital Assets Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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12.89

2.38

6.75

29.63

13.52

Bluesky Digital Assets Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.60	5.77	3.86	-34.29	13.73

Competitive Comparison of Bluesky Digital Assets's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Bluesky Digital Assets'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.

Bluesky Digital Assets's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bluesky Digital Assets's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Bluesky Digital Assets's Effective Interest Rate on Debt % falls into.

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Bluesky Digital Assets Effective Interest Rate on Debt % Calculation

Bluesky Digital Assets's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -0.019	/	( (0.166	+	0.115)	/ 2 )
=	-1 * -0.019	/	0.1405
=	13.52 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.036	+	0.13
=	0.166

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.115
=	0.115

Bluesky Digital Assets's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -0.016	/	( (0.115	+	0.118)	/ 2 )
=	-1 * -0.016	/	0.1165
=	13.73 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.115
=	0.115

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.118
=	0.118

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

Bluesky Digital Assets (XCNQ:BTC) Effective Interest Rate on Debt % Explanation

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

Bluesky Digital Assets Effective Interest Rate on Debt % Related Terms

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Bluesky Digital Assets Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bluesky Digital Assets Corp (XCNQ:BTC) » Definitions » Effective Interest Rate on Debt %

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Address

First Canadian Place, 100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C9

Website

https://www.blueskydigitalassets.com

Bluesky Digital Assets Corp has created a high-value digital enterprise at the intersection of Artificial Intelligence, Blockchain, and Web3 business solutions. Leveraging its success as an early adopter providing proprietary technology solutions, Bluesky has invested in its Roadmap. Its platform, BlueskyINTEL, is well positioned to leverage the current exponential growth of Artificial Intelligence (AI) and Blockchain-based technologies through a tightly focus built built-to-collaborate platform. This web platform offers support and enables businesses to adopt and utilize these emerging and developing technologies.

Executives

Alan Grant	Director
Shaker Heights Inc.	Director
Anthony R. Pearlman	Senior Officer
Benjamin Gelfand	Director, Senior Officer
Frank Kordy	Director
Sheldon Inwentash	10% Security Holder
Threed Capital Inc.	10% Security Holder
Jakson Samuel Inwentash	Director
Danny Collia	Director