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Q BioMed (Q BioMed) Effective Interest Rate on Debt % : 27.05% (As of Feb. 2023)


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What is Q BioMed 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. Q BioMed's annualized positive value of Interest Expense for the quarter that ended in Feb. 2023 was $1.11 Mil. Q BioMed's average total debt for the quarter that ended in Feb. 2023 was $4.10 Mil. Therefore, Q BioMed's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2023 was 27.05%.


Q BioMed Effective Interest Rate on Debt % Historical Data

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

Q BioMed Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.64 44.49 15.65 32.24 38.64

Q BioMed Quarterly Data
May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23
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 51.76 53.72 26.71 28.01 27.05

Competitive Comparison of Q BioMed's Effective Interest Rate on Debt %

For the Biotechnology subindustry, Q BioMed'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.


Q BioMed's Effective Interest Rate on Debt % Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Q BioMed's Effective Interest Rate on Debt % distribution charts can be found below:

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



Q BioMed Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2021 )+Total Debt  (A: Nov. 2022 ))/ count )
=-1  *  -1.384/( (3.053+4.11)/ 2 )
=-1  *  -1.384/3.5815
=38.64 %

where

Q BioMed's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2022 )+Total Debt  (Q: Feb. 2023 ))/ count )
=-1  *  -1.108/( (4.11+4.083)/ 2 )
=-1  *  -1.108/4.0965
=27.05 %

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


Q BioMed  (OTCPK:QBIO) Effective Interest Rate on Debt % Explanation

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


Q BioMed Effective Interest Rate on Debt % Related Terms

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Q BioMed (Q BioMed) Business Description

Industry
Traded in Other Exchanges
N/A
Address
C/o Ortoli Rosenstadt LLP, 366 Madison Avenue, 3rd Floor, New York, NY, USA, 10017
Q BioMed Inc is a biomedical acceleration and development company. It has a focus on licensing, acquiring, and providing strategic resources to life sciences and healthcare companies. The company intends to mitigate risk by acquiring multiple assets over time and across a broad spectrum of healthcare-related products, companies, and sectors. Generic Strontium Chloride Sr-89 Injection USP (Strontium-89) is a radioactive pharmaceutical injection to relieve bone pain in patients with painful skeletal metastases. It also has three development-stage products: QBM-001 for rare pediatric non-verbal autism spectrum disorder, Uttroside-B for liver cancer, and MAN 01 for glaucoma.
Executives
William S Rosenstadt director, 10 percent owner, officer: Chief Legal Officer ORTOLI ROSENSTADT LLP, 501 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Denis Corin director, 10 percent owner, officer: Chief Executive Officer 10 MARKET STREET, SUITE 427, GRAND CAYMAN E9 KY1-9006
Rick Panicucci director 501 MADISON STREET, 14TH FLOOR, NEW YORK NY 10022
Alan P Lindsay 10 percent owner 580 HORNBY STREET, FIFTH FLOOR, VANCOUVER BC CANADA V6C 2E7 A1