Current Water Technologies (Current Water Technologies) Effective Interest Rate on Debt % : 22.12% (As of Dec. 2023)

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What is Current Water Technologies 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. Current Water Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.10 Mil. Current Water Technologies's average total debt for the quarter that ended in Dec. 2023 was $0.43 Mil. Therefore, Current Water Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 22.12%.

Current Water Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Current Water Technologies'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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Current Water Technologies Effective Interest Rate on Debt % Chart

Current Water Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.81

5.08

4.11

3.91

6.14

Current Water Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.14	5.06	5.97	11.01	22.12

Competitive Comparison of Current Water Technologies's Effective Interest Rate on Debt %

For the Pollution & Treatment Controls subindustry, Current Water Technologies'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.

Current Water Technologies's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Current Water Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Current Water Technologies Effective Interest Rate on Debt % Calculation

Current Water Technologies'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 * -0.029	/	( (0.171	+	0.773)	/ 2 )
=	-1 * -0.029	/	0.472
=	6.14 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.088	+	0.083
=	0.171

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.546	+	0.227
=	0.773

Current Water Technologies'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.096	/	( (0.095	+	0.773)	/ 2 )
=	-1 * -0.096	/	0.434
=	22.12 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.095
=	0.095

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.546	+	0.227
=	0.773

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

Current Water Technologies (OTCPK:ENPRF) Effective Interest Rate on Debt % Explanation

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

Current Water Technologies Effective Interest Rate on Debt % Related Terms

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Current Water Technologies (Current Water Technologies) Business Description

Industry

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WATR:Canada

Address

70 Southgate Drive, Unit 4, Guelph, ON, CAN, N1G 4P5

Website

https://www.currentwatertechnologies.com

Current Water Technologies Inc is engaged in the development of environmental technologies. The company offers advanced technology for the treatment of industrial and municipal wastewater and drinking water resources. It offers technology such as electro-static deionization and the treatment of total ammonia (AmmEL). Electro-static deionization is a capacitive deionization technology for the removal of total dissolved solids, whereas AmmEL is an ammonia removal technology to treat ammonia contaminated water. It operates through the following segments: The current Water segment and the Pumptronics segment. The firm generates the majority of revenue from the Pumptronics segment which develops hydraulic fluid systems to move water and other liquids.