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Metalert (Metalert) Effective Interest Rate on Debt % : 5.29% (As of Dec. 2023)


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What is Metalert 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. Metalert's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.16 Mil. Metalert's average total debt for the quarter that ended in Dec. 2023 was $3.10 Mil. Therefore, Metalert's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.29%.


Metalert Effective Interest Rate on Debt % Historical Data

The historical data trend for Metalert'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.

* Premium members only.

Metalert Effective Interest Rate on Debt % Chart

Metalert Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.70 3.39 7.12 10.50 12.85

Metalert 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 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 14.96 11.36 10.91 24.09 5.29

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

For the Communication Equipment subindustry, Metalert'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.


Metalert's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Metalert's Effective Interest Rate on Debt % distribution charts can be found below:

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



Metalert Effective Interest Rate on Debt % Calculation

Metalert'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  *  -0.359/( (2.44+3.148)/ 2 )
=-1  *  -0.359/2.794
=12.85 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.142 + 2.298
=2.44

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.137 + 3.011
=3.148

Metalert'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  *  -0.164/( (3.055+3.148)/ 2 )
=-1  *  -0.164/3.1015
=5.29 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.138 + 2.917
=3.055

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.137 + 3.011
=3.148

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


Metalert  (OTCPK:MLRT) Effective Interest Rate on Debt % Explanation

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


Metalert Effective Interest Rate on Debt % Related Terms

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Metalert (Metalert) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Metalert Inc (OTCPK:MLRT) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
117 West 9th Street, Suite 1214, Los Angeles, CA, USA, 90015
Metalert Inc along with its subsidiaries, is engaged in the designing, development, manufacturing, distribution, and sales of products and services in the GPS and BLE wearable technology personal location and wandering assistive technology business. Its Products and services include GPS SmartSole, Take-Along Tracker 4G, Track My Workforce, Sole Protector for GPS Smart sole, Take-Along Friends & the Invisabelt, Protective Medical devices & supplies, and VeriTap. The company generates revenue from product sales, recurring subscriptions, software, and intellectual property (IP) licensing, fees for custom hardware and software development, professional consulting, and support & maintenance services.
Executives
Louis Martin Rosenbaum director 117 W. 9TH STREET, #1214, LOS ANGELES CA 90024
Alex Grimes Mckean officer: Interim CFO 1525 MONTANA AVENUE #C, SANTA MONICA CA 90403
Williams H Murray officer: Chief Financial Officer 28426 RANCHO GRANDE, LAGUNA NIGUEL CA 92677
Patrick Aroff director 117 W. 9TH STREET, #1214, LOS ANGELES CA 90015
Andrew Hamish Duncan director 117 W 9TH STREET #1214, LOS ANGELES CA 90015
Gregory Jeremiah Provenzano director 117 W 9TH STREET #1214, LOS ANGELES CA 90015
Multi Media Technology Ventures, Ltd. 10 percent owner 668 N. COAST HWY, STE 191, LAGUNA BEACH CA 92651
Christopher M Walsh officer: Chief Operations Officer 117 W. 9TH STREET, #1214, LOS ANGELES CA 90015
Patrick Bertagna director, officer: President, CEO 117 W. 9TH STREET, #1214, LOS ANGELES CA 90015
Jeff Sharpe director, 10 percent owner, officer: President,Secretary,Treasurer 6348 49TH AVENUE, LADNER A1 V4K 5A1