Geosolar Technologies (Geosolar Technologies) Effective Interest Rate on Debt % : 10.87% (As of Mar. 2024)

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What is Geosolar 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. Geosolar Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.22 Mil. Geosolar Technologies's average total debt for the quarter that ended in Mar. 2024 was $1.99 Mil. Therefore, Geosolar Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.87%.

Geosolar Technologies Effective Interest Rate on Debt % Historical Data

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

Geosolar Technologies Annual Data

Trend

Dec22

Dec23

Effective Interest Rate on Debt %

8.60

9.83

Geosolar Technologies Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			13.20	13.60	12.23	9.90	10.87

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

For the Solar subindustry, Geosolar 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.

Geosolar Technologies's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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

Geosolar Technologies Effective Interest Rate on Debt % Calculation

Geosolar Technologies'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 * -0.147	/	( (1	+	1.99)	/ 2 )
=	-1 * -0.147	/	1.495
=	9.83 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1
=	1

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.99
=	1.99

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.216	/	( (1.99	+	1.986)	/ 2 )
=	-1 * -0.216	/	1.988
=	10.87 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.99
=	1.99

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.986
=	1.986

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

Geosolar Technologies (OTCPK:GSLR) Effective Interest Rate on Debt % Explanation

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

Geosolar Technologies Effective Interest Rate on Debt % Related Terms

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Geosolar Technologies (Geosolar Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Geosolar Technologies Inc (OTCPK:GSLR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1400 16th Street, Suite 400, Denver, CO, USA, 80202

Website

https://www.geosolarplus.com

Geosolar Technologies Inc plans to install natural energy systems, referred to as the GeoSolar Plus System in newly built and existing residences as well as green new apartments and commercial buildings. The GSP System is based on combining solar power, geothermal ground-sourced energy and other clean energy technologies into one fully integrated system. The GSP system is designed to significantly reduce energy consumption and associated carbon emissions and improve the atmospheric and indoor air quality in residences.

Geosolar Technologies (Geosolar Technologies) Headlines

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