Hybrid Power Solutions (XCNQ:HPSS) Effective Interest Rate on Debt % : 18.67% (As of Feb. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Hybrid Power Solutions 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. Hybrid Power Solutions's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$0.28 Mil. Hybrid Power Solutions's average total debt for the quarter that ended in Feb. 2024 was C$1.52 Mil. Therefore, Hybrid Power Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 18.67%.

Hybrid Power Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Hybrid Power Solutions'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.

Hybrid Power Solutions Effective Interest Rate on Debt % Chart

Hybrid Power Solutions Annual Data

Trend

May21

May22

May23

Effective Interest Rate on Debt %

2.75

12.39

18.65

Hybrid Power Solutions Quarterly Data
	May21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					15.19	16.30	15.27	22.41	18.67

Competitive Comparison of Hybrid Power Solutions's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Hybrid Power Solutions'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.

Hybrid Power Solutions's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hybrid Power Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

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

Hybrid Power Solutions Effective Interest Rate on Debt % Calculation

Hybrid Power Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2022 )	+	Total Debt (A: May. 2023 ))	/ count )
=	-1 * -0.351	/	( (0.927	+	2.837)	/ 2 )
=	-1 * -0.351	/	1.882
=	18.65 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.268	+	0.659
=	0.927

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.357	+	2.48
=	2.837

Hybrid Power Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -0.284	/	( (1.695	+	1.347)	/ 2 )
=	-1 * -0.284	/	1.521
=	18.67 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.534	+	1.161
=	1.695

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.493	+	0.854
=	1.347

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

Hybrid Power Solutions (XCNQ:HPSS) Effective Interest Rate on Debt % Explanation

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

Hybrid Power Solutions Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Hybrid Power Solutions's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hybrid Power Solutions (XCNQ:HPSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hybrid Power Solutions Inc (XCNQ:HPSS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

E092:Germany

Address

333 Terminal Avenue, Suite 208, Vancouver, BC, CAN, V6A 4C1

Website

https://www.hybridps.ca

Hybrid Power Solutions Inc is a Canadian clean energy company specializing in producing, developing, and installing direct-to-consumer clean technology products such as portable power packs and stationary energy storage. It mainly designs and manufactures patent-pending portable battery systems and customized energy solutions for a variety of industrial markets, including the mining, railway, public transit, and construction sectors. It also has a franchise network of solar power installers that operate under the Company's trademark and offer the sale and installation of the Company's products. Geographically, the company operates in Canada which is the key revenue generating market, and the United States.

Hybrid Power Solutions (XCNQ:HPSS) Headlines

No Headlines