TruTrace Technologies (XCNQ:TTT) Effective Interest Rate on Debt % : 5.43% (As of Jan. 2023)

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What is TruTrace Technologies 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. TruTrace Technologies's annualized positive value of Interest Expense for the quarter that ended in Jan. 2023 was C$0.06 Mil. TruTrace Technologies's average total debt for the quarter that ended in Jan. 2023 was C$1.11 Mil. Therefore, TruTrace Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2023 was 5.43%.

TruTrace Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for TruTrace Technologies'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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TruTrace Technologies Effective Interest Rate on Debt % Chart

TruTrace Technologies Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Apr19

Apr20

Apr21

Apr22

Effective Interest Rate on Debt %

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7.85

24.79

3.47

TruTrace Technologies Quarterly Data
	Mar18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.34	3.93	10.75	6.18	5.43

Competitive Comparison of TruTrace Technologies's Effective Interest Rate on Debt %

For the Software - Application subindustry, TruTrace Technologies'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.

TruTrace Technologies's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

TruTrace Technologies Effective Interest Rate on Debt % Calculation

TruTrace Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2021 )	+	Total Debt (A: Apr. 2022 ))	/ count )
=	-1 * -0.014	/	( (0.121	+	0.685)	/ 2 )
=	-1 * -0.014	/	0.403
=	3.47 %

where

	Total Debt (A: Apr. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.121	+	0
=	0.121

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.045	+	0.64
=	0.685

TruTrace Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2022 )	+	Total Debt (Q: Jan. 2023 ))	/ count )
=	-1 * -0.06	/	( (1.098	+	1.113)	/ 2 )
=	-1 * -0.06	/	1.1055
=	5.43 %

where

	Total Debt (Q: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.04	+	1.058
=	1.098

	Total Debt (Q: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.113
=	1.113

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

TruTrace Technologies (XCNQ:TTT) Effective Interest Rate on Debt % Explanation

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

TruTrace Technologies Effective Interest Rate on Debt % Related Terms

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TruTrace Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TruTrace Technologies Inc (XCNQ:TTT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

61 Regal Road, Toronto, ON, CAN, M6H 2J6

Website

https://www.trutrace.co

TruTrace Technologies Inc is the developer of fully integrated software, secured on a blockchain infrastructure, that gives clients' the ability to store, manage, share and immediately access quality assurance and testing details, COAs, as well as motion and movement intelligence on inventory. The platform was specifically designed to power the traceability of testing standards within the legal cannabis, nutraceutical, food and pharmaceutical space with a focus on the authentication of source materials or ingredients used in formulation.

Executives

Michael Kraft

Director

TruTrace Technologies Headlines

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