Alcidion Group (ASX:ALC) Effective Interest Rate on Debt % : 4.92% (As of Dec. 2023)

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What is Alcidion 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. Alcidion Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.10 Mil. Alcidion Group's average total debt for the quarter that ended in Dec. 2023 was A$2.12 Mil. Therefore, Alcidion Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.92%.

Alcidion Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Alcidion 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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Alcidion Group Effective Interest Rate on Debt % Chart

Alcidion Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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1.21

5.10

5.39

Alcidion Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.97	4.26	5.15	5.26	4.92

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

For the Health Information Services subindustry, Alcidion 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.

Alcidion Group's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Alcidion Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Alcidion Group Effective Interest Rate on Debt % Calculation

Alcidion Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.125	/	( (2.484	+	2.155)	/ 2 )
=	-1 * -0.125	/	2.3195
=	5.39 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.868	+	0.616
=	2.484

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.462	+	0.693
=	2.155

Alcidion Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.104	/	( (2.155	+	2.075)	/ 2 )
=	-1 * -0.104	/	2.115
=	4.92 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.462	+	0.693
=	2.155

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.331	+	0.744
=	2.075

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 two times the semi-annual (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Alcidion Group (ASX:ALC) Effective Interest Rate on Debt % Explanation

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

Alcidion Group Effective Interest Rate on Debt % Related Terms

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Alcidion Group (ASX:ALC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Alcidion Group Ltd (ASX:ALC) » Definitions » Effective Interest Rate on Debt %

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Address

9 Yarra Street, Level 10, South Yarra, Melbourne, VIC, AUS, 3141

Website

https://www.alcidion.com

Alcidion Group Ltd is a provider of intelligent informatics software. The company builds, sells, delivers, runs, and supports solutions for healthcare provider organizations. It offers solutions such as Miya ED, Miya Patient Flow, Miya Revenue and Reimbursement, Smartpage, and others. Geographically, it derives a majority of revenue from Australia/New Zealand and also has a presence in the United Kingdom.