GainClients (GainClients) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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What is GainClients 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. GainClients's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. GainClients's average total debt for the quarter that ended in Sep. 2023 was $0.08 Mil. Therefore, GainClients's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

GainClients Effective Interest Rate on Debt % Historical Data

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

GainClients Annual Data

Trend

Effective Interest Rate on Debt %

GainClients Quarterly Data
	Jun22	Sep22	Jun23	Sep23
Effective Interest Rate on Debt %	-	-	-	-

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

For the Software - Application subindustry, GainClients'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.

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

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

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

GainClients Effective Interest Rate on Debt % Calculation

GainClients's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

GainClients's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * 0	/	( (0.085	+	0.083)	/ 2 )
=	-1 * 0	/	0.084
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.085
=	0.085

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.083
=	0.083

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

GainClients (OTCPK:GCLT) Effective Interest Rate on Debt % Explanation

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

GainClients Effective Interest Rate on Debt % Related Terms

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GainClients (GainClients) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GainClients Inc (OTCPK:GCLT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

6245 East Broadway Boulevard, Suite 400, Tucson, AZ, USA, 85711

Website

https://www.thegainclientsway.com

GainClients Inc is a United States-based software service company. It provides lead generation and marketing services to the real estate industry. Its primary products are The GCard and the Daily Opportunity Service. The GCard is a web and mobile real estate networking service that connects professionals and consumers where home search behavior is tracked and reported. The Daily Opportunity Service is a new purchase money solution for lending and title organizations. These services can be used together or separately providing flexibility and customized solutions.