Aether Catalyst Solutions (XCNQ:ATHR) Effective Interest Rate on Debt % : 14.10% (As of Dec. 2023)

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What is Aether Catalyst Solutions 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. Aether Catalyst Solutions's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.02 Mil. Aether Catalyst Solutions's average total debt for the quarter that ended in Dec. 2023 was C$0.11 Mil. Therefore, Aether Catalyst Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 14.10%.

Aether Catalyst Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Aether Catalyst Solutions'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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Aether Catalyst Solutions Effective Interest Rate on Debt % Chart

Aether Catalyst Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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18.54

14.33

11.26

10.05

6.95

Aether Catalyst Solutions 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															-27.72	7.96	4.44	12.40	14.10

Competitive Comparison of Aether Catalyst Solutions's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Aether Catalyst Solutions'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.

Aether Catalyst Solutions's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aether Catalyst Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

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

Aether Catalyst Solutions Effective Interest Rate on Debt % Calculation

Aether Catalyst Solutions'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 * -0.009	/	( (0.091	+	0.168)	/ 2 )
=	-1 * -0.009	/	0.1295
=	6.95 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.008	+	0.083
=	0.091

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.06	+	0.108
=	0.168

Aether Catalyst Solutions'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 * -0.016	/	( (0.059	+	0.168)	/ 2 )
=	-1 * -0.016	/	0.1135
=	14.10 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.059
=	0.059

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.06	+	0.108
=	0.168

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.

Aether Catalyst Solutions (XCNQ:ATHR) Effective Interest Rate on Debt % Explanation

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

Aether Catalyst Solutions Effective Interest Rate on Debt % Related Terms

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Aether Catalyst Solutions (XCNQ:ATHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aether Catalyst Solutions Inc (XCNQ:ATHR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

2QZ:Germany

Address

8337 Eastlake Drive, Unit 104, Burnaby, BC, CAN, V5A 4W2

Website

https://www.aethercatalyst.com

Aether Catalyst Solutions Inc is focused on providing an order of magnitude cost reduction in catalytic converter catalysts, while meeting, or exceeding government emission standards. It is working to quickly advance its technology through rapid screening of new materials directed at enhancing end of life conversion levels after accelerated aging. The company's primary focus has been on automotive applications where it is looking to replace precious metals in automotive catalysts for gasoline powered engines. The company's target markets are the heavily regulated automotive industry and the unregulated small motors industry.

Executives

Paul John Courtney Woodward

10% Security Holder, Director, Director or Senior Officer of 10% Security Holder, Senior Officer

Aether Catalyst Solutions (XCNQ:ATHR) Headlines

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