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Next-ChemX (Next-ChemX) Effective Interest Rate on Debt % : 12.66% (As of Dec. 2023)


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What is Next-ChemX 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. Next-ChemX's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.11 Mil. Next-ChemX's average total debt for the quarter that ended in Dec. 2023 was $0.89 Mil. Therefore, Next-ChemX's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.66%.


Next-ChemX Effective Interest Rate on Debt % Historical Data

The historical data trend for Next-ChemX'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.

* Premium members only.

Next-ChemX Effective Interest Rate on Debt % Chart

Next-ChemX Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only - - 4.76 8.77 9.41

Next-ChemX Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 13.37 9.46 10.31 10.48 12.66

Competitive Comparison of Next-ChemX's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Next-ChemX'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.


Next-ChemX's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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



Next-ChemX Effective Interest Rate on Debt % Calculation

Next-ChemX'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  *  -0.088/( (0.926+0.945)/ 2 )
=-1  *  -0.088/0.9355
=9.41 %

where

Next-ChemX'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  *  -0.112/( (0.825+0.945)/ 2 )
=-1  *  -0.112/0.885
=12.66 %

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


Next-ChemX  (OTCPK:CHMX) Effective Interest Rate on Debt % Explanation

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


Next-ChemX Effective Interest Rate on Debt % Related Terms

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Next-ChemX (Next-ChemX) Business Description

Industry
Traded in Other Exchanges
N/A
Address
901 Mopac Expressway South, Building 1, Suite 300, Austin, TX, USA, 78746
Next-ChemX Corp owns a Novel Membrane-Based Ion Extraction Technology called NCX technology, that economically extracts ions from solutions that are in very low concentrations. The company's extraction technology allows a continuous transfer without high pressure, temperature, or electrolysis as it mimics biological processes found in nature. Currently, The company is developing commercial pilot plant systems in its laboratory for a wide range of extraction applications that it intends to market Internationally.
Executives
Majendie Dominic John George Gordon officer: VP Business Development FLAT 93, YAROSLAVIV VAL 14D, KYIV 2H 01034
Benton H Wilcoxon director, officer: CEO
John Michael Johnson director, officer: President 20 LEA LEA PL., MAKAWAO HI 96768
Next-chemx Corp./tx 10 percent owner, officer: CEO 1111 W 12TH ST., #113, AUSTIN TX 78703
Nikolai Meerovich Kocherginsky 10 percent owner NEXT-CHEMX CORPORATION,, 60 HAZELWOOD DRIVE, #146, CHAMPAIGN IL 61820

Next-ChemX (Next-ChemX) Headlines

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