Rainmaker Worldwide (Rainmaker Worldwide) Effective Interest Rate on Debt % : 16.90% (As of Mar. 2024)

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What is Rainmaker Worldwide 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. Rainmaker Worldwide's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.77 Mil. Rainmaker Worldwide's average total debt for the quarter that ended in Mar. 2024 was $4.54 Mil. Therefore, Rainmaker Worldwide's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 16.90%.

Rainmaker Worldwide Effective Interest Rate on Debt % Historical Data

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

Rainmaker Worldwide Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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11.70

22.79

20.25

18.86

23.63

Rainmaker Worldwide Quarterly Data
	Sep16	Dec16	Mar17	Jun17	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															25.31	39.53	15.63	20.31	16.90

Competitive Comparison of Rainmaker Worldwide's Effective Interest Rate on Debt %

For the Pollution & Treatment Controls subindustry, Rainmaker Worldwide'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.

Rainmaker Worldwide's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rainmaker Worldwide's Effective Interest Rate on Debt % distribution charts can be found below:

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

Rainmaker Worldwide Effective Interest Rate on Debt % Calculation

Rainmaker Worldwide'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 * -0.853	/	( (3.112	+	4.108)	/ 2 )
=	-1 * -0.853	/	3.61
=	23.63 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3.112
=	3.112

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	4.108
=	4.108

Rainmaker Worldwide'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 * -0.768	/	( (4.108	+	4.98)	/ 2 )
=	-1 * -0.768	/	4.544
=	16.90 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	4.108
=	4.108

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.64	+	4.34
=	4.98

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.

Rainmaker Worldwide (OTCPK:RAKR) Effective Interest Rate on Debt % Explanation

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

Rainmaker Worldwide Effective Interest Rate on Debt % Related Terms

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Rainmaker Worldwide (Rainmaker Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rainmaker Worldwide Inc (OTCPK:RAKR) » Definitions » Effective Interest Rate on Debt %

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Address

271 Brock Street, Peterborough, ON, CAN, K9H 2P8

Website

https://www.rainmakerww.com

Rainmaker Worldwide Inc is a cleantech company that is engaged in producing clean water. It provides innovative, environment-friendly water solutions to communities and businesses facing water scarcity. The company's sustainable technology features two product lines which include Air to water and water to water that have multiple applications. Air to Water harvests fresh water from humidity in the atmosphere. It is highly useful for islands, temporary vacation houses, and remote vacation houses, especially for hot conditions and limited water and has no risk of water-borne diseases. The Water to Water unit produces clean water from seawater, brackish water, or contaminated water sources. The company's products include WW-SO50 Solar Only Powered, AW-W100 Wind Powered, and others.