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Madison Technologies (Madison Technologies) Effective Interest Rate on Debt % : 25.38% (As of Mar. 2023)


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What is Madison 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. Madison Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $4.54 Mil. Madison Technologies's average total debt for the quarter that ended in Mar. 2023 was $17.89 Mil. Therefore, Madison Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 25.38%.


Madison Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Madison 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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Madison Technologies Effective Interest Rate on Debt % Chart

Madison Technologies Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.37 2.25 54.42 36.01 25.84

Madison Technologies Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.64 38.92 33.76 31.44 25.38

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

For the Broadcasting subindustry, Madison 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.


Madison Technologies's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Madison Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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



Madison Technologies Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -5.952/( (28.645+17.419)/ 2 )
=-1  *  -5.952/23.032
=25.84 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=14.384 + 14.261
=28.645

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 17.419
=17.419

Madison Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Mar. 2023 ))/ count )
=-1  *  -4.54/( (17.419+18.358)/ 2 )
=-1  *  -4.54/17.8885
=25.38 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 17.419
=17.419

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 18.358
=18.358

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


Madison Technologies  (OTCPK:MDEX) Effective Interest Rate on Debt % Explanation

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


Madison Technologies Effective Interest Rate on Debt % Related Terms

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Madison Technologies (Madison Technologies) Business Description

Traded in Other Exchanges
N/A
Address
450 Park Avenue, 30th Floor, New York, NY, USA, 10022
Madison Technologies Inc is engaged in the Over-The-Air (OTA) content distribution platform to capitalize on the changing media and distribution landscape and on the growing OTA viewership in the U.S. The over-the-air programming carried on is expected to include entertainment, shopping, weather, sports, as well as religious networks and networks targeting select ethnic groups with content lease agreements as the prime source of revenue. It generates sales from its television stations.
Executives
Thomas James Brady director, 10 percent owner, officer: CEO, CFO, Secretary Treasurer 750 WEST PENDER STREET, SUITE 202, VANCOUVER A1 V6C 2T7
Frank Mcenulty director 4182 N. VIKING WAY, SUITE 216, LONG BEACH CA 90808-1475
Steven Cozine director, 10 percent owner, officer: Secy/Treas 1460 BARCLAY ST. #701, NORTH VANCOUVER A1 V6G 1J5
Joseph Gallo director, 10 percent owner, officer: President 4445 PATTERDALE DRIVE, NORTH VANCOUVER A1 V7R 4L8
Joel Haskins director, 10 percent owner, officer: Treasurer 525 SEYMOUR STREET, SUITE 807, VANCOUVER A1 V6B 3H7
Kevin Michael Stunder director, 10 percent owner, officer: President 525 SEYMOUR STREET, SUITE 807, VANCOUVER A1 V6B 3H7