ZenaTech (NAS:ZENA) Effective Interest Rate on Debt % : 4.92% (As of Sep. 2022)

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What is ZenaTech 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. ZenaTech's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was C$0.21 Mil. ZenaTech's average total debt for the quarter that ended in Sep. 2022 was C$4.31 Mil. Therefore, ZenaTech's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 4.92%.

ZenaTech Effective Interest Rate on Debt % Historical Data

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

ZenaTech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

0.83

44.40

6.44

6.34

ZenaTech Quarterly Data
	Sep18	Dec18	Sep19	Dec19	Sep20	Dec20	Sep21	Dec21	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				4.57	-13.93	28.24	4.33	4.92

Competitive Comparison of ZenaTech's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, ZenaTech'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.

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

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

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

ZenaTech Effective Interest Rate on Debt % Calculation

ZenaTech's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -0.171	/	( (0.68	+	4.714)	/ 2 )
=	-1 * -0.171	/	2.697
=	6.34 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.68	+	0
=	0.68

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.714	+	0
=	4.714

ZenaTech's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2021 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -0.212	/	( (4.714	+	3.906)	/ 2 )
=	-1 * -0.212	/	4.31
=	4.92 %

where

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.714	+	0
=	4.714

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.906	+	0
=	3.906

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ZenaTech (NAS:ZENA) Effective Interest Rate on Debt % Explanation

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

ZenaTech Effective Interest Rate on Debt % Related Terms

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ZenaTech (NAS:ZENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ZenaTech Inc (NAS:ZENA) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

69 Yonge Street, Suite 1404, Toronto, ON, CAN, M53 1K3

Website

http://www.zenatech.com

ZenaTech Inc is a enterprise software technology company that specializes in mission-critical cloud-based applications integrated with smart hardware to deliver innovative solutions across diverse industries. The Company operates in software development technology, sales, and distribution. The Company is also developing a drone manufacturing, sales, and distribution business. The company operates in two segments which is software development technology, sales, and distribution, as well as drone manufacturing, sales, and distribution.

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