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Tevano Systems Holdings (XCNQ:TEVO) Effective Interest Rate on Debt % : 7.41% (As of Mar. 2023)


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What is Tevano Systems Holdings 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. Tevano Systems Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was C$0.01 Mil. Tevano Systems Holdings's average total debt for the quarter that ended in Mar. 2023 was C$0.11 Mil. Therefore, Tevano Systems Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 7.41%.


Tevano Systems Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Tevano Systems Holdings'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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Tevano Systems Holdings Effective Interest Rate on Debt % Chart

Tevano Systems Holdings Annual Data
Trend Jun21 Jun22
Effective Interest Rate on Debt %
11.98 30.30

Tevano Systems Holdings Quarterly Data
Mar20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - 600.00 - 5.11 7.41

Competitive Comparison of Tevano Systems Holdings's Effective Interest Rate on Debt %

For the Medical Instruments & Supplies subindustry, Tevano Systems Holdings'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.


Tevano Systems Holdings's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Tevano Systems Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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



Tevano Systems Holdings Effective Interest Rate on Debt % Calculation

Tevano Systems Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2021 )+Total Debt  (A: Jun. 2022 ))/ count )
=-1  *  -0.198/( (1.177+0.13)/ 2 )
=-1  *  -0.198/0.6535
=30.30 %

where

Total Debt  (A: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.141 + 0.036
=1.177

Tevano Systems Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Mar. 2023 ))/ count )
=-1  *  -0.008/( (0.156+0.06)/ 2 )
=-1  *  -0.008/0.108
=7.41 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.028 + 0.128
=0.156

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


Tevano Systems Holdings  (XCNQ:TEVO) Effective Interest Rate on Debt % Explanation

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


Tevano Systems Holdings Effective Interest Rate on Debt % Related Terms

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Tevano Systems Holdings (XCNQ:TEVO) Business Description

Traded in Other Exchanges
Address
1030 West Georgia Street, Suite 1303, Vancouver, BC, CAN, V6E 2Y3
Tevano Systems Holdings Inc is in the business of designing, developing, marketing, and selling self-service kiosks for non-physical contact monitoring, testing temperatures and dispensing hand sanitizer for the post COVID-19 environment.
Executives
John Benjamin Sawchuk 10% Security Holder, Director, Senior Officer

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