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TOMI Environmental Solutions (TOMI Environmental Solutions) Effective Interest Rate on Debt % : 13.33% (As of Dec. 2023)


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What is TOMI Environmental Solutions 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. TOMI Environmental Solutions's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.26 Mil. TOMI Environmental Solutions's average total debt for the quarter that ended in Dec. 2023 was $1.92 Mil. Therefore, TOMI Environmental Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.33%.


TOMI Environmental Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for TOMI Environmental Solutions'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.

TOMI Environmental Solutions Effective Interest Rate on Debt % Chart

TOMI Environmental Solutions 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 3.93 1.17 0.08 - 3.22

TOMI Environmental Solutions 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 - - - - 13.33

Competitive Comparison of TOMI Environmental Solutions's Effective Interest Rate on Debt %

For the Pollution & Treatment Controls subindustry, TOMI Environmental Solutions'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.


TOMI Environmental Solutions's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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



TOMI Environmental Solutions Effective Interest Rate on Debt % Calculation

TOMI Environmental Solutions'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  *  -0.063/( (0.861+3.057)/ 2 )
=-1  *  -0.063/1.959
=3.22 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.761 + 0.1
=0.861

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.941 + 0.116
=3.057

TOMI Environmental Solutions'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  *  -0.256/( (0.785+3.057)/ 2 )
=-1  *  -0.256/1.921
=13.33 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.673 + 0.112
=0.785

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.941 + 0.116
=3.057

* 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.


TOMI Environmental Solutions  (NAS:TOMZ) Effective Interest Rate on Debt % Explanation

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


TOMI Environmental Solutions Effective Interest Rate on Debt % Related Terms

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TOMI Environmental Solutions (TOMI Environmental Solutions) Business Description

Traded in Other Exchanges
N/A
Address
8430 Spires Way, Frederick, MD, USA, 21701
TOMI Environmental Solutions Inc is a global bacteria decontamination and infectious disease control company, providing environmental solutions for indoor surface decontamination through the manufacturing, sales, service and licensing of its SteraMist brand of products, including SteraMist BIT, a low percentage (7.8%) hydrogen peroxide-based fog or mist that uses Binary Ionization Technology (BIT). Its product portfolio includes SteraMist Surface Unit; SteraMist Environment System; The SteraMist Total Disinfection Cart; SteraMist Select Surface Unit; Stainless Steel 90 Degree Applicator; iHP Plasma Decontamination Chamber; SteraMist Custom Engineered System (CES); and iHP Corporate Service Decontamination.
Executives
Shane Dr. Halden Stuart director, 10 percent owner, officer: Chief Executive Officer C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 8430 SPIRES WAY, FREDERICK MD 21701
Nick Jennings officer: Chief Financial Officer C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 8430 SPIRES WAY, SUITE N, FREDERICK MD 21701
Boh Soon Lim director 56 YUK TONG AVENUE, SINGAPORE U0 596357
Sok Huy Lau 10 percent owner 96 ROBINSON ROAD, SINGAPORE U0 068899
Elissa Jessica Shane officer: Chief Operating Officer C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 8430 SPIRES WAY, SUITE N, FREDERICK MD 21701
Environmental Solutions Holding Pte. Ltd 10 percent owner 96 ROBINSON ROAD #11-04, SIF BUILDING, SINGAPORE U0 068899
Arise Asset Management Pte Ltd 10 percent owner 8 WILKIE ROAD, #03-01 WILKIE EDGE, SINGAPORE U0 228095
Ron E Ainsworth director 4651 BRIGHTON RD, CORONA DEL MAR CA 92625
Kelly Anderson director C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 9454 WILSHIRE BLVD., R-1, BEVERLY HILLS CA 90212
Robert Wotczak officer: President C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 5111 PEGASUS COURT, FREDERICK MD 21704
Walter C Johnsen director C/O ACME UNITED CORP, 60 ROUND HILL ROAD, FAIRFIELD CT 06824
Edward J Fred director C/O CPI AEROSTRUCTRUES INC, 200A EXECUTIVE DRIVE, EDGEWOOD NY 11717
Harold Paul director HAROLD PAUL, LLC, PO BOX 33812, SANTA FE NM 87594
Norris Gearhart officer: Chief Operating Officer C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 9454 WILSHIRE BLVD., R-1, BEVERLY HILLS CA 90212