FendX Technologies (XCNQ:FNDX) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is FendX Technologies 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. FendX Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.00 Mil. FendX Technologies's average total debt for the quarter that ended in Dec. 2023 was C$0.00 Mil. Therefore, FendX Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was N/A%.

FendX Technologies Effective Interest Rate on Debt % Historical Data

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

FendX Technologies Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

FendX Technologies Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of FendX Technologies's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, FendX Technologies'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.

FendX Technologies's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, FendX Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

FendX Technologies Effective Interest Rate on Debt % Calculation

FendX Technologies'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 * 0	/	( (0.025	+	0)	/ 1 )
=	-1 * 0	/	0.025
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.025
=	0.025

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

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

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

FendX Technologies (XCNQ:FNDX) Effective Interest Rate on Debt % Explanation

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

FendX Technologies Effective Interest Rate on Debt % Related Terms

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FendX Technologies (XCNQ:FNDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FendX Technologies Inc (XCNQ:FNDX) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

FDXTF:USA E8D:Germany

Address

2010 Winston Park Drive, 2nd Floor, Oakville, ON, CAN, L6H 5R7

Website

https://www.fendxtech.com

FendX Technologies Inc is a technology company focused on developing surface protection products that protect surfaces from pathogen contamination. It is focused on the research, development and commercialization of surface protection coatings using Licensed Technology. The company is currently developing its anticipated first product, REPELWRAP to protect high-contact surfaces from contamination to reduce the transmission of harmful pathogens. The Company has a growing intellectual property portfolio consisting of licensed nonprovisional national stage patent applications.