Interfield Global Software (NEOE:IFSS) Effective Interest Rate on Debt % : 35.16% (As of Sep. 2023)

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What is Interfield Global Software 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. Interfield Global Software's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.03 Mil. Interfield Global Software's average total debt for the quarter that ended in Sep. 2023 was C$0.09 Mil. Therefore, Interfield Global Software's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 35.16%.

Interfield Global Software Effective Interest Rate on Debt % Historical Data

The historical data trend for Interfield Global Software'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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Interfield Global Software Effective Interest Rate on Debt % Chart

Interfield Global Software Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

0.02

0.07

0.15

Interfield Global Software Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-	0.57	538.65	0.88	35.16

Competitive Comparison of Interfield Global Software's Effective Interest Rate on Debt %

For the Software - Application subindustry, Interfield Global Software'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.

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

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

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

Interfield Global Software Effective Interest Rate on Debt % Calculation

Interfield Global Software'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 * -0.007	/	( (9.147	+	0.098)	/ 2 )
=	-1 * -0.007	/	4.6225
=	0.15 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.147	+	0
=	9.147

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.098
=	0.098

Interfield Global Software'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 * -0.032	/	( (0	+	0.091)	/ 1 )
=	-1 * -0.032	/	0.091
=	35.16 %

where

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

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.091	+	0
=	0.091

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.

Interfield Global Software (NEOE:IFSS) Effective Interest Rate on Debt % Explanation

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

Interfield Global Software Effective Interest Rate on Debt % Related Terms

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Interfield Global Software (NEOE:IFSS) Business Description

Industry

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Traded in Other Exchanges

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Address

The Yes Business Centre, Office 910, PO Box 78020, Al Barsha 1 Dubai, Dubai, ARE

Website

https://www.interfieldsolutions.com

Interfield Global Software Inc is a software company that services numerous industrial segments including oil and gas, mining, and renewables. It has two operating divisions, E-commerce and Software as a Service. The E-commerce division is an industrial equipment marketplace that connects buyers and suppliers around the globe. ToolSuite, the company's flagship product of its Software as a Service division, is a cloud-based data collection and management platform that digitizes industrial processes and provides real-time auditable data for clients.

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