Quantum eMotion (TSXV:QNC) Effective Interest Rate on Debt % : 10.00% (As of Dec. 2023)

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What is Quantum eMotion 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. Quantum eMotion's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.00 Mil. Quantum eMotion's average total debt for the quarter that ended in Dec. 2023 was C$0.04 Mil. Therefore, Quantum eMotion's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.00%.

Quantum eMotion Effective Interest Rate on Debt % Historical Data

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

Quantum eMotion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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12.50

20.93

53.19

30.00

Quantum eMotion Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															35.71	48.70	48.98	40.00	10.00

Competitive Comparison of Quantum eMotion's Effective Interest Rate on Debt %

For the Semiconductors subindustry, Quantum eMotion'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.

Quantum eMotion's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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

Quantum eMotion Effective Interest Rate on Debt % Calculation

Quantum eMotion'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 * -0.012	/	( (0.04	+	0.04)	/ 2 )
=	-1 * -0.012	/	0.04
=	30.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.04
=	0.04

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.04	+	0
=	0.04

Quantum eMotion'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 * -0.004	/	( (0.04	+	0.04)	/ 2 )
=	-1 * -0.004	/	0.04
=	10.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.04
=	0.04

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.04	+	0
=	0.04

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.

Quantum eMotion (TSXV:QNC) Effective Interest Rate on Debt % Explanation

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

Quantum eMotion Effective Interest Rate on Debt % Related Terms

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Quantum eMotion (TSXV:QNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Quantum eMotion Inc (TSXV:QNC) » Definitions » Effective Interest Rate on Debt %

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QNCCF:USA

Address

2300 Alfred Nobel Boulevard, Suite 209, Montreal, QC, CAN, H4S 2A4

Website

https://www.quantumemotion.com

Quantum eMotion Inc is dedicated to developing of a new generation of quantum-safe encryption for the quantum computing age. It is a developer of a new generation of cryptographic solutions under the acquisition of licenses. It allows clients and partners to develop secure quantum-safe encryption that can protect anything from consumer and enterprise devices like mobile phones, computers, the Internet of Things, and networking equipment to demanding cloud-based applications, servers, and military devices.

Executives

Marc Rousseau

Director

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