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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. Lucid Diagnostics's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.02 Mil. Lucid Diagnostics's average total debt for the quarter that ended in Jun. 2024 was $14.21 Mil. Therefore, Lucid Diagnostics's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 0.17%.
The historical data trend for Lucid Diagnostics'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.
Lucid Diagnostics Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Effective Interest Rate on Debt % | - | - | - | 0.40 | 4.82 |
Lucid Diagnostics Quarterly Data | ||||||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 6.55 | 4.04 | 0.28 | 0.33 | 0.17 |
For the Medical Devices subindustry, Lucid Diagnostics'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.
For the Medical Devices & Instruments industry and Healthcare sector, Lucid Diagnostics's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Lucid Diagnostics's Effective Interest Rate on Debt % falls into.
Lucid Diagnostics'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 * -0.416 | / | ( (1.999 | + | 15.255) | / 2 ) |
= | -1 * -0.416 | / | 8.627 | |||
= | 4.82 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 1.037 | + | 0.962 |
= | 1.999 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 0.199 | + | 15.056 |
= | 15.255 |
Lucid Diagnostics's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (Q: Mar. 2024 ) | + | Total Debt (Q: Jun. 2024 )) | / count ) |
= | -1 * -0.024 | / | ( (14.178 | + | 14.238) | / 2 ) |
= | -1 * -0.024 | / | 14.208 | |||
= | 0.17 % |
where
Total Debt (Q: Mar. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 0.177 | + | 14.001 |
= | 14.178 |
Total Debt (Q: Jun. 2024 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 2.154 | + | 12.084 |
= | 14.238 |
* 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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Lucid Diagnostics (NAS:LUCD) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Lucid Diagnostics's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Stanley Lapidus | director | 101 HARTWELL AVE., LEXINGTON MA 02421 |
Debra White | director | C/O PAVMED INC., ONE GRAND CENTRAL PLACE, SUITE 4600, NEW YORK NY 10165 |
Michael Adam Gordon | officer: General Counsel | ONE GRAND CENTRAL PLACE, SUITE 4600, NEW YORK NY 10165 |
Shaun O'neil | officer: Chief Operating Officer | ONE GRAND CENTRAL PLACE, SUITE 4600, NEW YORK NY 10165 |
Pavmed Inc. | 10 percent owner | 360 MADISON AVENUE, 25TH FLOOR, NEW YORK NY 10017 |
Lishan Aklog | director, officer: Chief Executive Officer | 420 LEXINGTON AVENUE, SUITE 300, NEW YORK NY 10171 |
Dennis M Mcgrath | officer: Chief Financial Officer | C/O PAVMED INC., ONE GRAND CENTRAL PLACE, STE. 4600, NEW YORK NY 10165 |
Ronald M Sparks | director | 420 LEXINGTON AVENUE, SUITE 300, NEW YORK NY 10170 |
James L Cox | director | 420 LEXINGTON AVENUE, SUITE 300, NEW YORK NY 10170 |
Aster Angagaw | director | 150 PEABODY PLACE, MEMPHIS TN 38103 |
Jacque J Sokolov | director | |
David F Wurtman | officer: Chief Medical Officer | ONE GRAND CENTRAL PLACE, SUITE 4600, NEW YORK NY 10165 |
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