SureNano Sciences (XCNQ:SURE) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2024)

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What is SureNano Sciences 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. SureNano Sciences's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was C$0.00 Mil. SureNano Sciences's average total debt for the quarter that ended in Jun. 2024 was C$0.00 Mil. Therefore, SureNano Sciences's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was N/A%.

SureNano Sciences Effective Interest Rate on Debt % Historical Data

The historical data trend for SureNano Sciences'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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SureNano Sciences Effective Interest Rate on Debt % Chart

SureNano Sciences Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

SureNano Sciences Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
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Competitive Comparison of SureNano Sciences's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, SureNano Sciences'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.

SureNano Sciences's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, SureNano Sciences's Effective Interest Rate on Debt % distribution charts can be found below:

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

SureNano Sciences Effective Interest Rate on Debt % Calculation

SureNano Sciences'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	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

SureNano Sciences's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

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

SureNano Sciences (XCNQ:SURE) Effective Interest Rate on Debt % Explanation

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

SureNano Sciences Effective Interest Rate on Debt % Related Terms

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SureNano Sciences Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SureNano Sciences Ltd (XCNQ:SURE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1650 West 2nd Avenue, Suite 350, Vancouver, BC, CAN, V6J 1H4

Website

https://www.surenano.com

SureNano Sciences Ltd y is a nanotechnology supply company with the license to sell and otherwise commercialize the SureNanoTM surfactant (the SureNano Surfactant) in Canada and Colorado. The SureNano Surfactant is a ready-to-mix food-grade compound that provides the base for high-performance nanoemulsions to create homogeneous and stable products while maximizing bioavailability, clarity, and taste.

Executives

Charles Henry Malette

Director

SureNano Sciences Headlines

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