ATW Tech (TSXV:ATW) Effective Interest Rate on Debt % : 16.31% (As of Sep. 2023)

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What is ATW Tech 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. ATW Tech's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.35 Mil. ATW Tech's average total debt for the quarter that ended in Sep. 2023 was C$2.13 Mil. Therefore, ATW Tech's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 16.31%.

ATW Tech Effective Interest Rate on Debt % Historical Data

The historical data trend for ATW Tech'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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ATW Tech Effective Interest Rate on Debt % Chart

ATW Tech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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14.14

12.18

6.84

17.47

23.98

ATW Tech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															20.84	17.47	14.33	18.79	16.31

Competitive Comparison of ATW Tech's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, ATW Tech'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.

ATW Tech's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

ATW Tech Effective Interest Rate on Debt % Calculation

ATW Tech's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.2	/	( (0.406	+	1.262)	/ 2 )
=	-1 * -0.2	/	0.834
=	23.98 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.11	+	0.296
=	0.406

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.262
=	1.262

ATW Tech's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.348	/	( (1.674	+	2.593)	/ 2 )
=	-1 * -0.348	/	2.1335
=	16.31 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.674
=	1.674

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.084	+	2.509
=	2.593

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

ATW Tech (TSXV:ATW) Effective Interest Rate on Debt % Explanation

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

ATW Tech Effective Interest Rate on Debt % Related Terms

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ATW Tech (TSXV:ATW) Business Description

Industry

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Address

1050 de la Montagne Street, Suite 400, Montreal, QC, CAN, H3G 1Y8

Website

https://www.atwtech.com

ATW Tech Inc is a financial technology company owning several web platforms including VoxTel, VuduMobile, Option.vote and Bloomed. The Communication segment offers various interactive communication and payment solutions, including carrier billing. Its Psychometric assessment segment offered assistance to businesses and mass markets in talent optimization and human capital development. Geographic segments include Canada, the United States, Europe, and other countries of which Europe region generates maximum revenue.

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