Bion Environmental Technologies (Bion Environmental Technologies) Effective Interest Rate on Debt % : 0.78% (As of Mar. 2024)

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What is Bion Environmental 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. Bion Environmental Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.02 Mil. Bion Environmental Technologies's average total debt for the quarter that ended in Mar. 2024 was $2.05 Mil. Therefore, Bion Environmental Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.78%.

Bion Environmental Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Bion Environmental 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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Bion Environmental Technologies Effective Interest Rate on Debt % Chart

Bion Environmental Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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3.22

3.42

4.56

3.03

1.07

Bion Environmental Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-2.63	-10.67	15.81	15.63	0.78

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

For the Pollution & Treatment Controls subindustry, Bion Environmental 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.

Bion Environmental Technologies's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bion Environmental Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Bion Environmental Technologies Effective Interest Rate on Debt % Calculation

Bion Environmental Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.038	/	( (5.299	+	1.82)	/ 2 )
=	-1 * -0.038	/	3.5595
=	1.07 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.299	+	0
=	5.299

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.745	+	0.075
=	1.82

Bion Environmental Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.016	/	( (2.066	+	2.026)	/ 2 )
=	-1 * -0.016	/	2.046
=	0.78 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.74	+	0.326
=	2.066

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.711	+	0.315
=	2.026

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

Bion Environmental Technologies (OTCPK:BNET) Effective Interest Rate on Debt % Explanation

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

Bion Environmental Technologies Effective Interest Rate on Debt % Related Terms

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Bion Environmental Technologies (Bion Environmental Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bion Environmental Technologies Inc (OTCPK:BNET) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

9 East Park Couret, Old Bethpage, New York, NY, USA, 11804

Website

https://www.bionenviro.com

Bion Environmental Technologies Inc provides sustainable environmental and economic solutions to the food and livestock industry. Its proven technology offers a comprehensive treatment of livestock waste that largely eliminates its environmental impacts, while simultaneously recovering valuable assets from the waste stream, including renewable energy, nutrients, and clean water that have traditionally been wasted or underutilized. Revenues are generated from the sale of nutrient reduction credits. Geographically, the operations are conducted through the region of the United States.

Executives

Anthony Orphanos	10 percent owner	C/O BLACKSMITH ADVISORS, LLC, 40 WEST 57TH STREET, 20TH FLOOR, NEW YORK NY 10019
Salvatore J Zizza	director	810 SEVENTH AVE, 27TH FLOOR, NEW YORK NY 10019
William F. Rupp	director	C/O BION ENVIRONMENTAL TECHNOLOGIES, INC, PO BOX 323, OLD BETHPAGE NY 11804
William O'neill	officer: CEO	C/O BION ENVIRONMENTAL TECHNOLOGIES INC., PO BOX 323, OLD BETHPAGE NY 11804
Danielle C. Lominy	10 percent owner	6400 VILLAGE HILL DRIVE, DIX HILLS NY 11746
Christopher B. Parlow	10 percent owner	23 LONGBOW DRIVE, COMMACK NY 11725
Jon Northrop	director, officer: Secretary
Mark A Smith	director, 10 percent owner, officer: President	641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022
Dominic Bassani	10 percent owner, officer: CEO	C/O BRIGHT CAPITAL, LTD., 64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746
Edward T Schafer	director, officer: Executive Vice Chairman	1400 31ST AVENUE SW, SUITE 60, MINOT ND 58701
Bright Capital Ltd.	10 percent owner	64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746
Jere Northrop	director, officer: Senior Technology Officer	1961 TONAWANDA CREEK RD, AMHERST NY 14228
Jeremy Rowland	officer: COO of Bion Dairy	641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022
George Bloom	officer: COO of Bion Technologies	641 LEXINGTON AVENUE, 17TH FLOOR, NEW YORK NY 10022
Chris-dan, Llc	10 percent owner	64 VILLAGE HILLS DRIVE, DIX HILLS NY 11746