Comprehensive Healthcare Systems (TSXV:CHS) Effective Interest Rate on Debt % : 6.36% (As of Sep. 2023)

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What is Comprehensive Healthcare Systems 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. Comprehensive Healthcare Systems's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.19 Mil. Comprehensive Healthcare Systems's average total debt for the quarter that ended in Sep. 2023 was C$2.95 Mil. Therefore, Comprehensive Healthcare Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.36%.

Comprehensive Healthcare Systems Effective Interest Rate on Debt % Historical Data

The historical data trend for Comprehensive Healthcare Systems'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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Comprehensive Healthcare Systems Effective Interest Rate on Debt % Chart

Comprehensive Healthcare Systems Annual Data

Trend

Jan19

Jan20

Jan21

Dec22

Effective Interest Rate on Debt %

15.48

Comprehensive Healthcare Systems Quarterly Data
	Oct18	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														17.86	38.48	8.14	5.41	6.36

Competitive Comparison of Comprehensive Healthcare Systems's Effective Interest Rate on Debt %

For the Health Information Services subindustry, Comprehensive Healthcare Systems'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.

Comprehensive Healthcare Systems's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Comprehensive Healthcare Systems's Effective Interest Rate on Debt % distribution charts can be found below:

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

Comprehensive Healthcare Systems Effective Interest Rate on Debt % Calculation

Comprehensive Healthcare Systems's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.412	/	( (0	+	2.661)	/ 1 )
=	-1 * -0.412	/	2.661
=	15.48 %

where

	Total Debt (A: Jan. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.678	+	1.983
=	2.661

Comprehensive Healthcare Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.188	/	( (2.928	+	2.98)	/ 2 )
=	-1 * -0.188	/	2.954
=	6.36 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.01	+	1.918
=	2.928

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.69	+	1.29
=	2.98

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

Comprehensive Healthcare Systems (TSXV:CHS) Effective Interest Rate on Debt % Explanation

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

Comprehensive Healthcare Systems Effective Interest Rate on Debt % Related Terms

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