XSNX (Novaccess Global) Effective Interest Rate on Debt %: 50.28% (As of Sep. 2024)

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XSNX Novaccess Global Inc XSNX
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What is Novaccess Global Effective Interest Rate on Debt %?

Novaccess Global XSNX 12 Effective Interest Rate on Debt % is 50.28% as of Sep. 2024. GuruFocus rates XSNX with a GF Score™ of 12/100.

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. Novaccess Global's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $1.08 Mil. Novaccess Global's average total debt for the quarter that ended in Sep. 2024 was $2.16 Mil. Therefore, Novaccess Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 50.28%.


Novaccess Global  (OTCPK:XSNX) Effective Interest Rate on Debt % Explanation

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


Novaccess Global Effective Interest Rate on Debt % Related Terms


Novaccess Global Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Novaccess Global'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.

Novaccess Global Effective Interest Rate on Debt % Chart

Novaccess Global Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.36 137.21 212.15 70.11 28.75

Novaccess Global Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.28 13.13 19.49 34.93 50.28

XSNX vs NBIO, BTAX, PXMD: Effective Interest Rate on Debt % Comparison

For the Biotechnology subindustry, Novaccess Global'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.


Novaccess Global Effective Interest Rate on Debt % vs Biotechnology Industry

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

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


XSNX
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Novaccess Global Inc XSNX
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Novaccess Global Effective Interest Rate on Debt % Calculation

Novaccess Global's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2023 )+Total Debt  (A: Sep. 2024 ))/ count )
=-1  *  -0.635/( (2.2+2.217)/ 2 )
=-1  *  -0.635/2.2085
=28.75 %

where

Novaccess Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -1.084/( (2.095+2.217)/ 2 )
=-1  *  -1.084/2.156
=50.28 %

where

* 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.

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

What does a Effective Interest Rate on Debt % of 50.28% mean?
Novaccess Global (XSNX) has a Effective Interest Rate on Debt % of 50.28% as of Sep. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Novaccess Global and its competitors.
Is Novaccess Global's Effective Interest Rate on Debt % too high?
Novaccess Global's current Effective Interest Rate on Debt % is 50.28%. Overall, Novaccess Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novaccess Global's Effective Interest Rate on Debt % compare to NBIO and BTAX?
Novaccess Global's Effective Interest Rate on Debt % of 50.28% can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Biotechnology company?
A good Effective Interest Rate on Debt % depends on the Biotechnology industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Novaccess Global and its competitors. Novaccess Global's current Effective Interest Rate on Debt % is 50.28%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novaccess Global stock overvalued right now?
Novaccess Global (XSNX) has a current Effective Interest Rate on Debt % of 50.28%. The current Effective Interest Rate on Debt % is 50.28%. Novaccess Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Novaccess Global (XSNX), the current Effective Interest Rate on Debt % is 50.28% as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Novaccess Global Business Description

Address 459 Columbus Avenue, No. 607, New York, NY, USA, 10024
Novaccess Global Inc is a biopharmaceutical company that is developing novel immunotherapies to treat brain tumor patients in the United States. The company's team of experts is working to strengthen the capability of the human body's defense against cancer.
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