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Quest Patent Research (Quest Patent Research) Effective Interest Rate on Debt % : 17.89% (As of Mar. 2024)


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What is Quest Patent Research 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. Quest Patent Research's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.55 Mil. Quest Patent Research's average total debt for the quarter that ended in Mar. 2024 was $3.09 Mil. Therefore, Quest Patent Research's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 17.89%.


Quest Patent Research Effective Interest Rate on Debt % Historical Data

The historical data trend for Quest Patent Research'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.

* Premium members only.

Quest Patent Research Effective Interest Rate on Debt % Chart

Quest Patent Research Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.50 12.24 6.09 13.37 34.39

Quest Patent Research Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.76 28.14 28.14 63.53 17.89

Competitive Comparison of Quest Patent Research's Effective Interest Rate on Debt %

For the Consulting Services subindustry, Quest Patent Research'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.


Quest Patent Research's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Quest Patent Research's Effective Interest Rate on Debt % distribution charts can be found below:

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



Quest Patent Research Effective Interest Rate on Debt % Calculation

Quest Patent Research'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  *  -1.061/( (3.085+3.085)/ 2 )
=-1  *  -1.061/3.085
=34.39 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.15 + 2.935
=3.085

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.15 + 2.935
=3.085

Quest Patent Research'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  *  -0.552/( (3.085+3.085)/ 2 )
=-1  *  -0.552/3.085
=17.89 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.15 + 2.935
=3.085

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.15 + 2.935
=3.085

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


Quest Patent Research  (OTCPK:QPRC) Effective Interest Rate on Debt % Explanation

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


Quest Patent Research Effective Interest Rate on Debt % Related Terms

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Quest Patent Research (Quest Patent Research) Business Description

Traded in Other Exchanges
N/A
Address
411 Theodore Fremd Avenue, Suite 206S, Rye, NY, USA, 10580-1411
Quest Patent Research Corp is an intellectual property asset management company. The company is engaged in the development, acquisition, licensing and enforcement of intellectual property rights. Its intellectual property portfolios consist of mobile data, online marketing, sweepstakes, promotions, and rewards, flexible packaging, universal financial data system, rich media, anchor structure portfolio, power management/bus control portfolio, and diode on-chip portfolio. The company has two segments namely intellectual property licensing and licensed packaging sales. It generates revenue from patent licensing fees, management fees, and licensed packaging sales.
Executives
Timothy J Scahill director 472 WHITING ROAD, WEBSTER NY 14580
William Ryall Carroll director 242 WEST 104TH ST, APT 6ER, NEW YORK NY 10025
Robert Christopher Paladino director 7811 VALENCIA COURT, NAPLES FL 34113
Jon Charles Scahill director, officer: President & COO 24 GREENHAVEN RD., RYE NY 10580-1018