Enablence Technologies (TSXV:ENA) Effective Interest Rate on Debt % : 24.06% (As of Mar. 2024)

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What is Enablence 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. Enablence Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$4.70 Mil. Enablence Technologies's average total debt for the quarter that ended in Mar. 2024 was C$19.52 Mil. Therefore, Enablence Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 24.06%.

Enablence Technologies Effective Interest Rate on Debt % Historical Data

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

Enablence Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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14.00

11.84

9.07

9.90

19.18

Enablence Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															21.65	21.49	21.45	0.38	24.06

Competitive Comparison of Enablence Technologies's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Enablence 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.

Enablence Technologies's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Enablence Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Enablence Technologies Effective Interest Rate on Debt % Calculation

Enablence Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -2.337	/	( (7.655	+	16.711)	/ 2 )
=	-1 * -2.337	/	12.183
=	19.18 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.033	+	0.622
=	7.655

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.088	+	0.623
=	16.711

Enablence Technologies'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: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -4.696	/	( (16.68	+	22.361)	/ 2 )
=	-1 * -4.696	/	19.5205
=	24.06 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.044	+	0.636
=	16.68

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.637	+	0.724
=	22.361

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.

Enablence Technologies (TSXV:ENA) Effective Interest Rate on Debt % Explanation

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

Enablence Technologies Effective Interest Rate on Debt % Related Terms

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Enablence Technologies (TSXV:ENA) Business Description

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ENAFF:USA

Address

390 March Road, Suite 119, Ottawa, ON, CAN, K2K 0G7

Website

https://www.enablence.com

Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, primarily in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a global customer base, primarily focused on data centres and advanced vision end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headsets.

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