Deveron (TSXV:FARM) Effective Interest Rate on Debt % : 8.73% (As of Dec. 2023)

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What is Deveron 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. Deveron's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$4.04 Mil. Deveron's average total debt for the quarter that ended in Dec. 2023 was C$46.34 Mil. Therefore, Deveron's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.73%.

Deveron Effective Interest Rate on Debt % Historical Data

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

Deveron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Jun23

Effective Interest Rate on Debt %

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10.73

6.19

9.48

13.23

11.38

Deveron 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															15.24	9.35	12.17	7.54	8.73

Competitive Comparison of Deveron's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Deveron'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.

Deveron's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

Deveron Effective Interest Rate on Debt % Calculation

Deveron'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: Dec. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -5.573	/	( (48.973	+	0)	/ 1 )
=	-1 * -5.573	/	48.973
=	11.38 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.684	+	8.289
=	48.973

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

Deveron'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 * -4.044	/	( (46.94	+	45.743)	/ 2 )
=	-1 * -4.044	/	46.3415
=	8.73 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39.239	+	7.701
=	46.94

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.242	+	7.501
=	45.743

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.

Deveron (TSXV:FARM) Effective Interest Rate on Debt % Explanation

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

Deveron Effective Interest Rate on Debt % Related Terms

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Deveron (TSXV:FARM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Deveron Corp (TSXV:FARM) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

DVRNF:USA 1LSA:Germany

Address

82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1

Website

https://www.deveron.com

Deveron Corp is an agriculture technology company that uses data and insights to help farmers and agriculture enterprises increase yields, reduce costs, and improve farm outcomes. The company employs a digital process that leverages data collected on farms across North America to drive the unbiased interpretation of production decisions, ultimately recommending optimizing input use. Additionally, the Company provides scalable data acquisition solutions in the imagery and soil space with the help of soil sampling technicians and drone pilots.

Executives

Christopher Irwin

Director