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iGen Networks (iGen Networks) Effective Interest Rate on Debt % : 20.23% (As of Sep. 2023)


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What is iGen Networks 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. iGen Networks's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.18 Mil. iGen Networks's average total debt for the quarter that ended in Sep. 2023 was $0.91 Mil. Therefore, iGen Networks's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 20.23%.


iGen Networks Effective Interest Rate on Debt % Historical Data

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

iGen Networks Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 128.91 1,061.90 247.21 45.31 29.20

iGen Networks Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 15.89 32.80 22.08 18.52 20.23

Competitive Comparison of iGen Networks's Effective Interest Rate on Debt %

For the Software - Application subindustry, iGen Networks'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.


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

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

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



iGen Networks Effective Interest Rate on Debt % Calculation

iGen Networks'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  *  -0.187/( (0.431+0.85)/ 2 )
=-1  *  -0.187/0.6405
=29.20 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.207 + 0.224
=0.431

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.188 + 0.662
=0.85

iGen Networks'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  *  -0.184/( (0.875+0.944)/ 2 )
=-1  *  -0.184/0.9095
=20.23 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.164 + 0.711
=0.875

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.165 + 0.779
=0.944

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


iGen Networks  (OTCPK:IGEN) Effective Interest Rate on Debt % Explanation

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


iGen Networks Effective Interest Rate on Debt % Related Terms

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iGen Networks (iGen Networks) Business Description

Industry
Traded in Other Exchanges
N/A
Address
31772 Casino Drive, Suite C, Lake Elsinore, CA, USA, 92530
iGen Networks Corp is engaged in the development and marketing of software services for the automotive industry. It has one reportable segment being Vehicle Tracking and Recovery Solutions. The company works with wireless carriers, hardware suppliers and software developers to provide direct and secure access to information on the vehicle and the driver's behavior. The software services are delivered from the AWS Cloud to the consumer and their families over the wireless networks and accessed from any mobile or desktop device. The software services are marketed to automotive dealers, financial institutions, and direct-to-consumer through various commercial and consumer brands. The company's brands include Nimbo Tracking, CU Trak, and Medallion GPS PRO.
Executives
Neil Gene Chan director, officer: CEO 1075 ST. DAVID STREET, VICTORIA A1 V8S 4Y7
Robert G Friedman director, 10 percent owner 510 EAST 80 STREET, NEW YORK NY 10075
Sierra Abel Israel Sr officer: VP/GM 28375 ROSTRATA AVE, LAKE ELSINORE CA 92532
Robert Nealon director 119 NORTH HENRY STREET, ALEXANDRIA VA 22314
Richard Allan Freeman director, officer: COO 361 WEST 20TH AVE, VANCOUVER A1 V5Y 2C5
Richard Gilbertson director, officer: Chief Financial Officer 408 WEST PALM AIRE DRIVE, POMPANO BEACH FL 33069
Chris Shade director 84283 - 5512 4TH STREET NW, CALGARY A0 T2K 1A9
Monty Ormsby director, officer: President 5605 INDIGO BAY WAY, LAS VEGAS NV 89131
Michael Grudman director, officer: CFO 104 - 838 W16TH AVE, VANCOUVER A1 V5Z 1T1

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