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Nfiniti (Nfiniti) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2024)


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


Nfiniti Effective Interest Rate on Debt % Historical Data

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

Nfiniti Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Oct19 Oct20 Oct21 Oct22 Oct23
Effective Interest Rate on Debt %
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Nfiniti Quarterly Data
Jan17 Apr17 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Nfiniti's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Nfiniti'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.


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

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

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



Nfiniti Effective Interest Rate on Debt % Calculation

Nfiniti's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2022 )+Total Debt  (A: Oct. 2023 ))/ count )
=-1  *  0/( (0.106+0.124)/ 2 )
=-1  *  0/0.115
=0.00 %

where

Nfiniti's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  0/( (0.124+0.137)/ 2 )
=-1  *  0/0.1305
=0.00 %

where

* 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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Nfiniti  (OTCPK:NFTN) Effective Interest Rate on Debt % Explanation

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


Nfiniti Effective Interest Rate on Debt % Related Terms

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Nfiniti (Nfiniti) Business Description

Traded in Other Exchanges
N/A
Address
Pampana 18, La Cruz de Huanacaxtle, La Cruz, NAY, MEX, 63734
Website
Nfiniti Inc is a Shell Company.
Executives
Robert Gelfand director, 10 percent owner, officer: Pres, CEO, Tres, CFO, SECR 1711 DRUMMOND DRIVE, VANCOUVER A1 V6T 1B7

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