MTI Wireless Edge (LSE:MWE) Effective Interest Rate on Debt % : 83.67% (As of Mar. 2024)

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What is MTI Wireless Edge 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. MTI Wireless Edge's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was £0.75 Mil. MTI Wireless Edge's average total debt for the quarter that ended in Mar. 2024 was £0.89 Mil. Therefore, MTI Wireless Edge's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 83.67%.

MTI Wireless Edge Effective Interest Rate on Debt % Historical Data

The historical data trend for MTI Wireless Edge'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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MTI Wireless Edge Effective Interest Rate on Debt % Chart

MTI Wireless Edge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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20.01

34.00

34.09

31.59

31.73

MTI Wireless Edge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-42.29	66.86	94.94	-	83.67

Competitive Comparison of MTI Wireless Edge's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, MTI Wireless Edge'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.

MTI Wireless Edge's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MTI Wireless Edge's Effective Interest Rate on Debt % distribution charts can be found below:

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

MTI Wireless Edge Effective Interest Rate on Debt % Calculation

MTI Wireless Edge'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 * -0.274	/	( (0.733	+	0.994)	/ 2 )
=	-1 * -0.274	/	0.8635
=	31.73 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.329	+	0.404
=	0.733

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.457	+	0.537
=	0.994

MTI Wireless Edge'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 * -0.748	/	( (0.994	+	0.794)	/ 2 )
=	-1 * -0.748	/	0.894
=	83.67 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.457	+	0.537
=	0.994

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.451	+	0.343
=	0.794

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.

MTI Wireless Edge (LSE:MWE) Effective Interest Rate on Debt % Explanation

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

MTI Wireless Edge Effective Interest Rate on Debt % Related Terms

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MTI Wireless Edge (LSE:MWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MTI Wireless Edge Ltd (LSE:MWE) » Definitions » Effective Interest Rate on Debt %

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M7O:Germany

Address

11 Hamelacha Street, Afek Industrial Park, Rosh-Ha'Ayin, ISR, 4809121

Website

https://www.mtiwirelessedge.com

MTI Wireless Edge Ltd is an Israel-based company engaged in three segments; the antennas segment includes the development, design, manufacture, and marketing of antennas for the military and civilian sectors, Water solutions segment is a provider of remote control solutions for water and irrigation applications based on Motorola's IRRInet state of the art control, monitoring and communication technologies, and Distribution and Consultation segment provides consulting representation, and marketing services to foreign companies in the field of RF (radio frequency) and Microwave, including engineering services in the field of aerostat systems and system engineering services, and development, manufacture, and integration of communication systems and monitoring and control systems.