Optimind Pharma (XCNQ:OMND) Effective Interest Rate on Debt % : 0.00% (As of Aug. 2024)

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What is Optimind Pharma 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. Optimind Pharma's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was C$0.00 Mil. Optimind Pharma's average total debt for the quarter that ended in Aug. 2024 was C$0.13 Mil. Therefore, Optimind Pharma's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 0.00%.

Optimind Pharma Effective Interest Rate on Debt % Historical Data

The historical data trend for Optimind Pharma'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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Optimind Pharma Effective Interest Rate on Debt % Chart

Optimind Pharma Annual Data

Trend

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

19.84

24.63

Optimind Pharma Quarterly Data
	Jun21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						16.97	16.46	13.77	-	-

Competitive Comparison of Optimind Pharma's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Optimind Pharma'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.

Optimind Pharma's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Optimind Pharma's Effective Interest Rate on Debt % distribution charts can be found below:

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

Optimind Pharma Effective Interest Rate on Debt % Calculation

Optimind Pharma's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -0.091	/	( (0.613	+	0.126)	/ 2 )
=	-1 * -0.091	/	0.3695
=	24.63 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.081	+	0.532
=	0.613

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.126
=	0.126

Optimind Pharma's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2024 )	+	Total Debt (Q: Aug. 2024 ))	/ count )
=	-1 * 0	/	( (0.126	+	0.126)	/ 2 )
=	-1 * 0	/	0.126
=	0.00 %

where

	Total Debt (Q: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.126
=	0.126

	Total Debt (Q: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.126
=	0.126

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

Optimind Pharma (XCNQ:OMND) Effective Interest Rate on Debt % Explanation

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

Optimind Pharma Effective Interest Rate on Debt % Related Terms

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Optimind Pharma Business Description

Industry

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Address

77 King Street West, Suite 3000, TD Centre, North Tower, PO Box 95, Toronto, ON, CAN, M5K 1G8

Website

https://www.optimindpharma.com

Optimind Pharma Corp is an emerging provider of psychedelic therapies for the masses. It helps people suffering from PTSD, Anxiety, Depression, and other mental illnesses and disabilities by providing ketamine-assisted-treatment and other psychedelic-enhanced-psychotherapy modalities. It is also partnered with developers of psilocybin-associated treatments and products to further expand its treatment and program offerings.

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