Erika B-Cure Laser (XTAE:BCUR) Effective Interest Rate on Debt % : -22.22% (As of Dec. 2023)

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What is Erika B-Cure Laser 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. Erika B-Cure Laser's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₪-1.23 Mil. Erika B-Cure Laser's average total debt for the quarter that ended in Dec. 2023 was ₪5.55 Mil. Therefore, Erika B-Cure Laser's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -22.22%.

Erika B-Cure Laser Effective Interest Rate on Debt % Historical Data

The historical data trend for Erika B-Cure Laser'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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Erika B-Cure Laser Effective Interest Rate on Debt % Chart

Erika B-Cure Laser Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

4.30

2.94

3.14

4.12

5.08

Erika B-Cure Laser Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				-0.22	11.82	-6.48	24.11	-22.22

Competitive Comparison of Erika B-Cure Laser's Effective Interest Rate on Debt %

For the Medical Devices subindustry, Erika B-Cure Laser'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.

Erika B-Cure Laser's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Erika B-Cure Laser's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Erika B-Cure Laser's Effective Interest Rate on Debt % falls into.

Erika B-Cure Laser Effective Interest Rate on Debt % Calculation

Erika B-Cure Laser's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.396	/	( (10.647	+	4.95)	/ 2 )
=	-1 * -0.396	/	7.7985
=	5.08 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.325	+	4.322
=	10.647

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.597	+	2.353
=	4.95

Erika B-Cure Laser's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 1.232	/	( (6.141	+	4.95)	/ 2 )
=	-1 * 1.232	/	5.5455
=	-22.22 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.175	+	2.966
=	6.141

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.597	+	2.353
=	4.95

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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Erika B-Cure Laser (XTAE:BCUR) Effective Interest Rate on Debt % Explanation

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

Erika B-Cure Laser Effective Interest Rate on Debt % Related Terms

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Erika B-Cure Laser (XTAE:BCUR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Erika B-Cure Laser Ltd (XTAE:BCUR) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Nahum Hat 5, Entrance 2, Haifa, ISR, 3508504

Website

https://www.bcurelaser.com

Erika B-Cure Laser Ltd is engaged in the development and production of laser devices for the treatment of pain and wounds. Its devices provide treatment for Knee Pain, Lower Back Pain, Neck Pain, Shoulder Pain, Finger Joint pain, and Burns.

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