Neutra (Neutra) Effective Interest Rate on Debt % : 14.81% (As of Oct. 2023)

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What is Neutra 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. Neutra's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $0.01 Mil. Neutra's average total debt for the quarter that ended in Oct. 2023 was $0.05 Mil. Therefore, Neutra's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 14.81%.

Neutra Effective Interest Rate on Debt % Historical Data

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

Neutra Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Effective Interest Rate on Debt %

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191.50

75.69

44.20

25.42

42.18

Neutra Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															21.66	36.78	-	-	14.81

Competitive Comparison of Neutra's Effective Interest Rate on Debt %

For the Biotechnology subindustry, Neutra'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.

Neutra's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Neutra's Effective Interest Rate on Debt % distribution charts can be found below:

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

Neutra Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2022 )	+	Total Debt (A: Jan. 2023 ))	/ count )
=	-1 * -0.062	/	( (0.24	+	0.054)	/ 2 )
=	-1 * -0.062	/	0.147
=	42.18 %

where

	Total Debt (A: Jan. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.24
=	0.24

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.054	+	0
=	0.054

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2023 )	+	Total Debt (Q: Oct. 2023 ))	/ count )
=	-1 * -0.008	/	( (0.054	+	0.054)	/ 2 )
=	-1 * -0.008	/	0.054
=	14.81 %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.054	+	0
=	0.054

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.054	+	0
=	0.054

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

Neutra (OTCPK:NTRR) Effective Interest Rate on Debt % Explanation

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

Neutra Effective Interest Rate on Debt % Related Terms

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Neutra (Neutra) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Neutra Corp (OTCPK:NTRR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

54 Sugar Creek Center Boulevard, Suite 200, Sugar Land, TX, USA, 77478

Website

https://www.neutrainc.com

Neutra Corp is a development-stage company, which intends to market and participate in the nutraceutical space by bringing products derived from all natural and organic origins. Along with participating in the actual nutraceutical products, the company plans to research and bring new technology to the Nutraceutical space. Nutraceutical natural medicine is an alternative system that focuses on natural remedies and the body's vital ability to heal and maintain itself. It focuses on the areas of anti-aging, sleep disorders, pain management, and others. Geographically, all the activities are operated through the region of the United States.

Executives

Sydney Jim

director, officer: CEO & Chairman

8875 HIDDEN RIVER PARKWAY, SUITE 300, TAMPA FL 34243