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Innovative Eyewear (Innovative Eyewear) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Innovative Eyewear 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. Innovative Eyewear's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Innovative Eyewear's average total debt for the quarter that ended in Mar. 2024 was $0.00 Mil. Therefore, Innovative Eyewear's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was N/A%.


Innovative Eyewear Effective Interest Rate on Debt % Historical Data

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

Innovative Eyewear Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 0.83 8.77 60.00 4.92

Innovative Eyewear Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.11 - - - -

Competitive Comparison of Innovative Eyewear's Effective Interest Rate on Debt %

For the Medical Instruments & Supplies subindustry, Innovative Eyewear'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.


Innovative Eyewear's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Innovative Eyewear's Effective Interest Rate on Debt % distribution charts can be found below:

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



Innovative Eyewear Effective Interest Rate on Debt % Calculation

Innovative Eyewear'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  *  -0.003/( (0.061+0)/ 1 )
=-1  *  -0.003/0.061
=4.92 %

where

Innovative Eyewear's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

* 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.

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Innovative Eyewear  (NAS:LUCY) Effective Interest Rate on Debt % Explanation

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


Innovative Eyewear Effective Interest Rate on Debt % Related Terms

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Innovative Eyewear (Innovative Eyewear) Business Description

Traded in Other Exchanges
N/A
Address
11900 Biscayne Boulevard, Suite 630, North Miami, FL, USA, 33138
Innovative Eyewear Inc is engaged in developing and selling eyeglasses and sunglasses, which are designed to allow customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. Its products Lucyd Lyte glasses enable the wearer to listen to music, take and make calls, and use voice assistants to perform many common smartphone tasks hands-free.
Executives
Olivia C. Bartlett director 11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
Louis Castro director 11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
Konrad Dabrowski officer: Chief Financial Officer 11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
Kristen Mclaughlin director 11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
Harrison R. Gross director, officer: Chief Executive Officer 11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33131
Frank Rescigna director 8101 BISCAYNE BLVD., SUITE 705, MIAMI FL 33138
Lucyd Ltd. 10 percent owner 11900 BISCAYNE BLVD., SUITE 630, MIAMI FL 33181
David Eric Cohen officer: Chief Technology Officer 11900 BISCAYNE BLVD., SUITE 705630, MIAMI FL 33131