Hydromer (Hydromer) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2022)

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What is Hydromer 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. Hydromer's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was $0.00 Mil. Hydromer's average total debt for the quarter that ended in Dec. 2022 was $0.97 Mil. Therefore, Hydromer's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 0.00%.

Hydromer Effective Interest Rate on Debt % Historical Data

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

Hydromer Annual Data

Trend

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Effective Interest Rate on Debt %

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Hydromer Quarterly Data
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Competitive Comparison of Hydromer's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Hydromer'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.

Hydromer's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hydromer's Effective Interest Rate on Debt % distribution charts can be found below:

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

Hydromer Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2021 )	+	Total Debt (A: Jun. 2022 ))	/ count )
=	-1 * 0	/	( (0.969	+	0.969)	/ 2 )
=	-1 * 0	/	0.969
=	0.00 %

where

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.969	+	0
=	0.969

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.969	+	0
=	0.969

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Dec. 2022 ))	/ count )
=	-1 * 0	/	( (0.969	+	0.969)	/ 2 )
=	-1 * 0	/	0.969
=	0.00 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.969	+	0
=	0.969

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.969	+	0
=	0.969

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

Hydromer (OTCPK:HYDI) Effective Interest Rate on Debt % Explanation

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

Hydromer Effective Interest Rate on Debt % Related Terms

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Hydromer (Hydromer) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hydromer Inc (OTCPK:HYDI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4715 Corporate Drive NW, Suite 200, Concord, NC, USA, 28027

Website

https://www.hydromer.com

Hydromer Inc is a polymer research and development company. The company is engaged in the business of inventing, developing, patenting, licensing, manufacturing and selling hydrophilic polymer-based products and services. Its segment includes Industrial and Medical. The company generates maximum revenue from services. Geographically, it derives a majority of revenue from the United States.

Executives

Martin C Dyck	officer: Executive Vice President
George A Ziets	director	C/O HYDROMER, INC., 35 INDUSTRIAL PARKWAY, BRANCHBURG NJ 08876
John S Konar	officer: V.P. Quality Assurnce	35 INDUSTRIAL PARKWAY, BRANCHBURG NJ 08876
Michael F Ryan	director	35 INDUSTRIAL PARKWAY, BRANCHBURG NJ 08876
Maxwell Borow	director
Fredrick L Perl	director
Meckeler Klaus J H	director
Robert H Bea	director
Dieter Heinemann	director, 10 percent owner
Vrsula M Dyck	director
Manfred F Dyck	director, 10 percent owner, officer: President and CEO
Gaylord E Mckissick	director