PreveCeutical Medical (XCNQ:PREV) Effective Interest Rate on Debt % : 9.05% (As of Sep. 2023)

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What is PreveCeutical Medical 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. PreveCeutical Medical's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.32 Mil. PreveCeutical Medical's average total debt for the quarter that ended in Sep. 2023 was C$3.54 Mil. Therefore, PreveCeutical Medical's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 9.05%.

PreveCeutical Medical Effective Interest Rate on Debt % Historical Data

The historical data trend for PreveCeutical Medical'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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PreveCeutical Medical Effective Interest Rate on Debt % Chart

PreveCeutical Medical Annual Data

Trend

Jul15

Jul16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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17.21

13.78

16.49

15.72

7.62

PreveCeutical Medical Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															19.09	11.67	37.67	-34.18	9.05

Competitive Comparison of PreveCeutical Medical's Effective Interest Rate on Debt %

For the Biotechnology subindustry, PreveCeutical Medical'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.

PreveCeutical Medical's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, PreveCeutical Medical's Effective Interest Rate on Debt % distribution charts can be found below:

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

PreveCeutical Medical Effective Interest Rate on Debt % Calculation

PreveCeutical Medical'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 * -0.237	/	( (2.929	+	3.292)	/ 2 )
=	-1 * -0.237	/	3.1105
=	7.62 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.676	+	1.253
=	2.929

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3.292
=	3.292

PreveCeutical Medical's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.32	/	( (3.292	+	3.778)	/ 2 )
=	-1 * -0.32	/	3.535
=	9.05 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3.292
=	3.292

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3.778
=	3.778

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

PreveCeutical Medical (XCNQ:PREV) Effective Interest Rate on Debt % Explanation

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

PreveCeutical Medical Effective Interest Rate on Debt % Related Terms

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PreveCeutical Medical (XCNQ:PREV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » PreveCeutical Medical Inc (XCNQ:PREV) » Definitions » Effective Interest Rate on Debt %

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PRVCF:USA 18H:Germany

Address

885 Cambie Street, Suite 2500, Vancouver, BC, CAN, V6B 0R6

Website

https://www.preveceutical.com

PreveCeutical Medical Inc is a health sciences company. Its principal business activity is the development of innovative options for preventive and curative therapies utilizing organic and nature-identical products. It is engaged in licensing, branding, and marketing nutraceutical and wellness products.

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