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Duos Technologies Group (Duos Technologies Group) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Duos Technologies Group 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. Duos Technologies Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Duos Technologies Group's average total debt for the quarter that ended in Mar. 2024 was $5.08 Mil. Therefore, Duos Technologies Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


Duos Technologies Group Effective Interest Rate on Debt % Historical Data

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

Duos Technologies Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.46 8.82 0.57 0.17 0.13

Duos Technologies Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 0.22 0.08 0.08 -

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

For the Software - Application subindustry, Duos Technologies Group'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.


Duos Technologies Group's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Duos Technologies Group's Effective Interest Rate on Debt % distribution charts can be found below:

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



Duos Technologies Group Effective Interest Rate on Debt % Calculation

Duos Technologies Group'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  *  -0.007/( (5.337+5.05)/ 2 )
=-1  *  -0.007/5.1935
=0.13 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.543 + 0.794
=5.337

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.229 + 0.821
=5.05

Duos Technologies Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  0/( (5.05+5.11)/ 2 )
=-1  *  0/5.08
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.229 + 0.821
=5.05

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4.142 + 0.968
=5.11

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


Duos Technologies Group  (NAS:DUOT) Effective Interest Rate on Debt % Explanation

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


Duos Technologies Group Effective Interest Rate on Debt % Related Terms

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Duos Technologies Group (Duos Technologies Group) Business Description

Industry
Traded in Other Exchanges
N/A
Address
7660 Centurion Parkway, Suite 100, Jacksonville, FL, USA, 32256
Duos Technologies Group Inc operating under its brand name duostech, designs, develops, deploys and operates intelligent technology solutions supporting rail, logistics and intermodal businesses that streamline operations, improve safety and reduce costs. The company's main offering, the Railcar Inspection Portal (RIP), provides both freight and transit railroad customers and select government agencies the ability to conduct fully automated railcar inspections of trains while they are moving at full speed. It has also developed the Automated Logistics Information System (ALIS) which automates gatehouse operations where transport trucks enter and exit large logistics and intermodal facilities. Its segments are Rail, Commercial, Petrochemical, Governments, Banking, IT Suppliers, and AI.
Executives
Frank A Lonegro director 500 WATER STREET, JACKSONVILLE FL 32202
James Craig Nixon director 7859 SOUTHDOWN ROAD, ALEXANDRIA VA 22308
Kenneth S Ehrman director C/O ID SYSTEMS INC, ONE UNIVERSITY PLAZA, HACKENSACK NJ 07601
Ned Mavrommatis director C/O ID SYSTEMS INC, ONE UNIVERSITY PLAZA, HACKENSACK NJ 07601
Andrew Winslow Murphy officer: CFO C/O DUOS TECHNOLOGIES, 7660 CENTURION PKWY, STE 100, JACKSONVILLE FL 32256
Adrian Graham Goldfarb other: Former CFO 7660 CENTURION PARKWAY, SUITE 100, JACKSONVILLE FL 32256
Norman H Pessin 10 percent owner C/O LEVY, HARKINS & CO., INC., 366 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017
Charles Parker Ferry director, officer: Chief Executive Officer 6622 SOUTHPOINT DRIVE SOUTH, SUITE 310, JACKSONVILLE FL 32216
Bleichroeder Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
Edmond L Harris director 500 WATER STREET, JACKSONVILLE FL 32202
Gianni B Arcaini director, officer: Chairman & CEO 6622 SOUTHPOINT DRIVE SOUTH, SUITE 310, JACKSONVILLE FL 32216
21 April Fund, Ltd. 10 percent owner Citco Fund Services (Cayman Islands) Ltd, Regatta Office Park West Bay Road, GRAND CAYMAN E9 KY1-1205
Brian L. Pessin 10 percent owner 310 EAST 75TH STREET, APT. 2A, NEW YORK NY 10021
Sandra F Pessin 10 percent owner C/O NORMAN PESSIN, 366 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10017
Weeks Connie L. officer: Chief Accounting Officer 6858 PLUM LAKE LN. E., JACKSONVILLE FL 32222