GLG Life Tech (GLG Life Tech) Effective Interest Rate on Debt % : 21.98% (As of Sep. 2023)

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What is GLG Life Tech 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. GLG Life Tech's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $18.49 Mil. GLG Life Tech's average total debt for the quarter that ended in Sep. 2023 was $84.14 Mil. Therefore, GLG Life Tech's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 21.98%.

GLG Life Tech Effective Interest Rate on Debt % Historical Data

The historical data trend for GLG Life Tech'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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GLG Life Tech Effective Interest Rate on Debt % Chart

GLG Life Tech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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15.66

18.20

17.82

22.00

29.01

GLG Life Tech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															20.27	60.91	18.48	22.43	21.98

Competitive Comparison of GLG Life Tech's Effective Interest Rate on Debt %

For the Farm Products subindustry, GLG Life Tech'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.

GLG Life Tech's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, GLG Life Tech's Effective Interest Rate on Debt % distribution charts can be found below:

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

GLG Life Tech Effective Interest Rate on Debt % Calculation

GLG Life Tech's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -23.666	/	( (80.838	+	82.329)	/ 2 )
=	-1 * -23.666	/	81.5835
=	29.01 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.177	+	80.661
=	80.838

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.492	+	81.837
=	82.329

GLG Life Tech's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -18.492	/	( (83.382	+	84.896)	/ 2 )
=	-1 * -18.492	/	84.139
=	21.98 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.509	+	81.873
=	83.382

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.42	+	84.476
=	84.896

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

GLG Life Tech (OTCPK:GLGLF) Effective Interest Rate on Debt % Explanation

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

GLG Life Tech Effective Interest Rate on Debt % Related Terms

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GLG Life Tech (GLG Life Tech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » GLG Life Tech Corp (OTCPK:GLGLF) » Definitions » Effective Interest Rate on Debt %

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GLG:Canada

Address

10271 Shellbridge Way, Suite 100, Richmond, BC, CAN, V6X 2W8

Website

https://www.glglifetech.com

GLG Life Tech Corp is engaged in the manufacturing and sales of refined forms of stevia and monk fruit. It operates through a single segment of Natural Sweeteners Products. Some of its brands are RebPure, TasteBoost, BevSweet, BakeZeroCal, and GoZero. The company's geographical segments are China and North America, of which the majority of its revenue comes from the North America.