Moveix (Moveix) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Moveix 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. Moveix's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Moveix's average total debt for the quarter that ended in Mar. 2024 was $0.13 Mil. Therefore, Moveix's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Moveix Effective Interest Rate on Debt % Historical Data

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

Moveix Annual Data

Trend

May16

May17

May18

May20

May21

Dec22

Dec23

Effective Interest Rate on Debt %

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Moveix Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May20	Aug20	May21	Aug21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of Moveix's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Moveix'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.

Moveix's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Moveix's Effective Interest Rate on Debt % distribution charts can be found below:

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

Moveix Effective Interest Rate on Debt % Calculation

Moveix'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	/	( (0.057	+	0.114)	/ 2 )
=	-1 * 0	/	0.0855
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.057
=	0.057

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.114
=	0.114

Moveix'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	/	( (0.114	+	0.146)	/ 2 )
=	-1 * 0	/	0.13
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.114
=	0.114

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.146
=	0.146

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.

Moveix (OTCPK:MVXM) Effective Interest Rate on Debt % Explanation

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

Moveix Effective Interest Rate on Debt % Related Terms

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Moveix (Moveix) Business Description

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Address

4800 N. Scottsdale Road, Suite 550, Scottsdale, AZ, USA, 85251

Website

Moveix Inc which is in startup stage will engage to buy electric transportation products wholesale from Chinese manufacturers and sell these products via their website. The company products include electric bikes, scooters, segway, and hoverboards.

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