Green Envirotech Holdings (Green Envirotech Holdings) Effective Interest Rate on Debt % : 18.47% (As of Sep. 2019)

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What is Green Envirotech Holdings 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. Green Envirotech Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2019 was $0.50 Mil. Green Envirotech Holdings's average total debt for the quarter that ended in Sep. 2019 was $2.73 Mil. Therefore, Green Envirotech Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 was 18.47%.

Green Envirotech Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Green Envirotech Holdings'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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Green Envirotech Holdings Effective Interest Rate on Debt % Chart

Green Envirotech Holdings Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Effective Interest Rate on Debt %

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9.64

9.61

9.87

24.87

22.75

Green Envirotech Holdings Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.93	42.82	35.67	19.95	18.47

Competitive Comparison of Green Envirotech Holdings's Effective Interest Rate on Debt %

For the Waste Management subindustry, Green Envirotech Holdings'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.

Green Envirotech Holdings's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Green Envirotech Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Green Envirotech Holdings Effective Interest Rate on Debt % Calculation

Green Envirotech Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2017 )	+	Total Debt (A: Dec. 2018 ))	/ count )
=	-1 * -0.616	/	( (2.702	+	2.713)	/ 2 )
=	-1 * -0.616	/	2.7075
=	22.75 %

where

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.074	+	2.628
=	2.702

	Total Debt (A: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.038	+	2.675
=	2.713

Green Envirotech Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2019 )	+	Total Debt (Q: Sep. 2019 ))	/ count )
=	-1 * -0.504	/	( (2.699	+	2.759)	/ 2 )
=	-1 * -0.504	/	2.729
=	18.47 %

where

	Total Debt (Q: Jun. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.699
=	2.699

	Total Debt (Q: Sep. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.759
=	2.759

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 (Sep. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Green Envirotech Holdings (OTCPK:GETH) Effective Interest Rate on Debt % Explanation

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

Green Envirotech Holdings Effective Interest Rate on Debt % Related Terms

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Green Envirotech Holdings (Green Envirotech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Green Envirotech Holdings Corp (OTCPK:GETH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

14699 Holman Mountain Road, Jamestown, CA, USA, 95327

Website

http://www.greenenvirotech.com

Green Envirotech Holdings Corp is a green technology company. It is engaged in transforming unusable scrap tires into valuable end products carbon black, oil and steel. It has developed a proprietary process to convert end-of-life tires and unrecyclable waste plastics into a high-grade blendstock oil using proven pyrolysis technology.

Executives

Christopher P Bowers	director, 10 percent owner, officer: CEO	C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Christopher Richard Smith	10 percent owner	HENVILLE BUILDING PRINCE CHARLES STREET CHARLESTOWN U7 00000
Wayne H. Leggett	director, officer: CFO	1315 E. BARBARA DRIVE TEMPE AZ 85281

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