Connexa Sports Technologies (Connexa Sports Technologies) Effective Interest Rate on Debt % : 33.89% (As of Jan. 2024)

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What is Connexa Sports 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. Connexa Sports Technologies's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $1.75 Mil. Connexa Sports Technologies's average total debt for the quarter that ended in Jan. 2024 was $5.16 Mil. Therefore, Connexa Sports Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 33.89%.

Connexa Sports Technologies Effective Interest Rate on Debt % Historical Data

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

Connexa Sports Technologies Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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113.28

269.53

88.55

51.68

Connexa Sports Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															89.99	181.46	96.05	35.57	33.89

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

For the Leisure subindustry, Connexa Sports 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.

Connexa Sports Technologies's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Connexa Sports Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Connexa Sports Technologies Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -5.273	/	( (16.967	+	3.439)	/ 2 )
=	-1 * -5.273	/	10.203
=	51.68 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2	+	14.967
=	16.967

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.954	+	1.485
=	3.439

Connexa Sports Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -1.748	/	( (4.594	+	5.723)	/ 2 )
=	-1 * -1.748	/	5.1585
=	33.89 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.399	+	3.195
=	4.594

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.245	+	4.478
=	5.723

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Connexa Sports Technologies (NAS:YYAI) Effective Interest Rate on Debt % Explanation

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

Connexa Sports Technologies Effective Interest Rate on Debt % Related Terms

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Connexa Sports Technologies (Connexa Sports Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Connexa Sports Technologies Inc (NAS:YYAI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2709 North Rolling Road, Suite 138, Windsor Mill, Baltimore, MD, USA, 21244

Website

https://www.connexasports.com

Connexa Sports Technologies Inc is a connected sports company delivering products, technologies and services across the Watch, Play, Learn commercial and subscription-as-a-service activities in sports. Digital disruption is restructuring how sports are enjoyed, consumed and monetized. Its portfolio of brands includes Slinger and GAMEFACE.AI.

Executives

Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Mark Frederick Radom	officer: GENERAL COUNSEL	2709 NORTH ROLLING ROAD, SUITE 138, WINDSOR MILL, BALTIMORE MD 21244
Mike Ballardie	director, officer: CEO and Director	2709 NORTH ROLLING ROAD,, SUITE 138, WINDSOR MILL,, BALTIMORE MD 21244
Jason Paul Seifert	officer: CHIEF FINANCIAL OFFICER	2420 BRIXHAM AVENUE, ORLANDO FL 32828
Yonah Kalfa	10 percent owner	9 RABAN GAMLIEL, RAANANA L3 434024