Eqonex (Eqonex) Effective Interest Rate on Debt % : 4.35% (As of Mar. 2022)

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What is Eqonex 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. Eqonex's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was $0.29 Mil. Eqonex's average total debt for the quarter that ended in Mar. 2022 was $6.57 Mil. Therefore, Eqonex's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 4.35%.

Eqonex Effective Interest Rate on Debt % Historical Data

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

Eqonex Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Effective Interest Rate on Debt %

5.70

12.39

13.51

6.32

Eqonex Semi-Annual Data
	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			12.18	23.03	12.40	8.11	4.35

Competitive Comparison of Eqonex's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Eqonex'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.

Eqonex's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Eqonex's Effective Interest Rate on Debt % distribution charts can be found below:

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

Eqonex Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2021 )	+	Total Debt (A: Mar. 2022 ))	/ count )
=	-1 * -0.271	/	( (0.868	+	7.703)	/ 2 )
=	-1 * -0.271	/	4.2855
=	6.32 %

where

	Total Debt (A: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.135	+	0.733
=	0.868

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.77	+	0.933
=	7.703

Eqonex's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2021 )	+	Total Debt (Q: Mar. 2022 ))	/ count )
=	-1 * -0.286	/	( (5.445	+	7.703)	/ 2 )
=	-1 * -0.286	/	6.574
=	4.35 %

where

	Total Debt (Q: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.461	+	0.984
=	5.445

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.77	+	0.933
=	7.703

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 (Mar. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Eqonex (OTCPK:EQOSQ) Effective Interest Rate on Debt % Explanation

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

Eqonex Effective Interest Rate on Debt % Related Terms

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Eqonex (Eqonex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Eqonex Ltd (OTCPK:EQOSQ) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Piccadilly, Mayfair, London, GBR, W1J 7NW

Website

https://www.eqonex.com

Eqonex Ltd is a digital assets financial services company focused on delivering a cryptocurrency and digital assets ecosystem. The company offers services related to Exchange and Trading, Capital Markets, Custody, and Asset Management.