Kelso Technologies (TSX:KLS) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Kelso 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. Kelso Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.00 Mil. Kelso Technologies's average total debt for the quarter that ended in Dec. 2023 was C$0.03 Mil. Therefore, Kelso Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Kelso Technologies Effective Interest Rate on Debt % Historical Data

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

Kelso Technologies Annual Data

Trend

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Dec23

Effective Interest Rate on Debt %

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Kelso Technologies Quarterly Data
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Competitive Comparison of Kelso Technologies's Effective Interest Rate on Debt %

For the Railroads subindustry, Kelso 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.

Kelso Technologies's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Kelso Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Kelso Technologies Effective Interest Rate on Debt % Calculation

Kelso Technologies'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	/	( (0.2	+	0.023)	/ 2 )
=	-1 * 0	/	0.1115
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.048	+	0.152
=	0.2

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.023
=	0.023

Kelso Technologies'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	/	( (0.046	+	0.023)	/ 2 )
=	-1 * 0	/	0.0345
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.046
=	0.046

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.023
=	0.023

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.

Kelso Technologies (TSX:KLS) Effective Interest Rate on Debt % Explanation

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

Kelso Technologies Effective Interest Rate on Debt % Related Terms

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Kelso Technologies (TSX:KLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kelso Technologies Inc (TSX:KLS) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

KIQ:USA LB4A:Germany

Address

13966, 18B Avenue, Surrey, BC, CAN, V4A 8J1

Website

https://www.kelsotech.com

Kelso Technologies Inc is a railway equipment supplier that produces and sells tank car service equipment used for the safe loading, unloading, and containment of hazardous materials during transport. The firm designs, engineers, markets, produces, and distributes various pressure relief valves and manway securement systems designed to reduce the risk of environmental harm due to non-accidental events in the transportation of hazardous commodities via railroad tank cars.

Executives

James Richard Bond

Director, Senior Officer

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