Oncolytics Biotech (Oncolytics Biotech) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Oncolytics Biotech 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. Oncolytics Biotech's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Oncolytics Biotech's average total debt for the quarter that ended in Dec. 2023 was $0.35 Mil. Therefore, Oncolytics Biotech's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Oncolytics Biotech Effective Interest Rate on Debt % Historical Data

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

Oncolytics Biotech Annual Data

Trend

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Effective Interest Rate on Debt %

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Oncolytics Biotech Quarterly Data
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Competitive Comparison of Oncolytics Biotech's Effective Interest Rate on Debt %

For the Biotechnology subindustry, Oncolytics Biotech'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.

Oncolytics Biotech's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

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

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

Oncolytics Biotech Effective Interest Rate on Debt % Calculation

Oncolytics Biotech'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	/	( (0.275	+	0.315)	/ 2 )
=	-1 * 0	/	0.295
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.116	+	0.159
=	0.275

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.216	+	0.099
=	0.315

Oncolytics Biotech'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0.38	+	0.315)	/ 2 )
=	-1 * 0	/	0.3475
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.239	+	0.141
=	0.38

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.216	+	0.099
=	0.315

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

Oncolytics Biotech (NAS:ONCY) Effective Interest Rate on Debt % Explanation

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

Oncolytics Biotech Effective Interest Rate on Debt % Related Terms

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Oncolytics Biotech (Oncolytics Biotech) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Oncolytics Biotech Inc (NAS:ONCY) » Definitions » Effective Interest Rate on Debt %

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ONC:Canada

Address

322 11th Avenue S.W, Suite 804, Calgary, AB, CAN, T2R 0C5

Website

https://www.oncolyticsbiotech.com

Oncolytics Biotech Inc is a development-stage biopharmaceutical company. The company is focused on the discovery and development of pharmaceutical products for the treatment of cancers that have not been treated with therapeutics. Its clinical development plan has the approval of its products as quickly as possible and expands its products into commercially valuable new treatment areas as objectives. The primary focus is to advance programs in hormone receptor-positive / human epidermal growth factor 2- negative (HR+/HER2-) metastatic breast cancer and advanced/metastatic pancreatic ductal adenocarcinoma to phase 3 licensure-enabling studies.