Quest PharmaTech (TSXV:QPT) Effective Interest Rate on Debt % : 2.40% (As of Oct. 2023)

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What is Quest PharmaTech 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 PharmaTech's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was C$0.02 Mil. Quest PharmaTech's average total debt for the quarter that ended in Oct. 2023 was C$1.00 Mil. Therefore, Quest PharmaTech's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 2.40%.

Quest PharmaTech Effective Interest Rate on Debt % Historical Data

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

Quest PharmaTech Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Effective Interest Rate on Debt %

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0.51

0.53

3.18

2.77

Quest PharmaTech 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															2.40	2.00	1.78	2.22	2.40

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

For the Biotechnology subindustry, Quest PharmaTech'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 PharmaTech's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

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

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

Quest PharmaTech Effective Interest Rate on Debt % Calculation

Quest PharmaTech'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 * -0.021	/	( (0.514	+	1)	/ 2 )
=	-1 * -0.021	/	0.757
=	2.77 %

where

	Total Debt (A: Jan. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.514
=	0.514

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1
=	1

Quest PharmaTech'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 * -0.024	/	( (1	+	1)	/ 2 )
=	-1 * -0.024	/	1
=	2.40 %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1
=	1

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1
=	1

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.

Quest PharmaTech (TSXV:QPT) Effective Interest Rate on Debt % Explanation

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

Quest PharmaTech Effective Interest Rate on Debt % Related Terms

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Quest PharmaTech (TSXV:QPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Quest PharmaTech Inc (TSXV:QPT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8123 Roper Road NW, Edmonton, AB, CAN, T6E 6S4

Website

http://www.questpharmatech.com

Quest PharmaTech Inc is a Canadian-based pharmaceutical company developing targeted cancer therapy with its lead product MAb AR9.6, under development for a novel target- truncated O-glycans on MUC16 discovered at the University of Nebraska Medical Center. The company is also developing products utilizing proprietary transdermal delivery technologies with a focus on dermatology and wound healing applications.

Executives

Ragupathy Madiyalakan

Director

Quest PharmaTech (TSXV:QPT) Headlines

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