Hub Cyber Security (Hub Cyber Security) Effective Interest Rate on Debt % : 60.98% (As of Jun. 2023)

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What is Hub Cyber Security 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. Hub Cyber Security's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $14.81 Mil. Hub Cyber Security's average total debt for the quarter that ended in Jun. 2023 was $24.28 Mil. Therefore, Hub Cyber Security's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 60.98%.

Hub Cyber Security Effective Interest Rate on Debt % Historical Data

The historical data trend for Hub Cyber Security'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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Hub Cyber Security Effective Interest Rate on Debt % Chart

Hub Cyber Security Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

0.64

3.03

4.54

15.80

Hub Cyber Security Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				1.49	7.66	1.39	32.32	60.98

Competitive Comparison of Hub Cyber Security's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Hub Cyber Security'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.

Hub Cyber Security's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Hub Cyber Security Effective Interest Rate on Debt % Calculation

Hub Cyber Security's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -3.402	/	( (23.163	+	19.899)	/ 2 )
=	-1 * -3.402	/	21.531
=	15.80 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.861	+	13.302
=	23.163

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.995	+	14.904
=	19.899

Hub Cyber Security's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -14.806	/	( (19.899	+	28.659)	/ 2 )
=	-1 * -14.806	/	24.279
=	60.98 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.995	+	14.904
=	19.899

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.321	+	24.338
=	28.659

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 two times the semi-annual (Jun. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Hub Cyber Security (NAS:HUBC) Effective Interest Rate on Debt % Explanation

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

Hub Cyber Security Effective Interest Rate on Debt % Related Terms

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Hub Cyber Security (Hub Cyber Security) Business Description

Industry

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Traded in Other Exchanges

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Address

17 Rothschild Boulevard, Tel Aviv, ISR, 6688120

Website

https://www.hubsecurity.com

Hub Cyber Security Ltd is engaged in the development of cyber products, software and quality systems, reliability, and risk management. It operates in several countries and provides cybersecurity computing appliances as well as a wide range of cybersecurity professional services.