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Global Crossing Airlines Group (Global Crossing Airlines Group) Effective Interest Rate on Debt % : 5.71% (As of Mar. 2024)


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What is Global Crossing Airlines Group 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. Global Crossing Airlines Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $7.0 Mil. Global Crossing Airlines Group's average total debt for the quarter that ended in Mar. 2024 was $123.3 Mil. Therefore, Global Crossing Airlines Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.71%.


Global Crossing Airlines Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Global Crossing Airlines Group'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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Global Crossing Airlines Group Effective Interest Rate on Debt % Chart

Global Crossing Airlines Group Annual Data
Trend Apr14 Apr15 Apr16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.21 5.24 6.76

Global Crossing Airlines Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.76 4.37 12.48 4.46 5.71

Competitive Comparison of Global Crossing Airlines Group's Effective Interest Rate on Debt %

For the Airlines subindustry, Global Crossing Airlines Group'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.


Global Crossing Airlines Group's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Global Crossing Airlines Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Global Crossing Airlines Group's Effective Interest Rate on Debt % falls into.



Global Crossing Airlines Group Effective Interest Rate on Debt % Calculation

Global Crossing Airlines Group'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  *  -4.916/( (36.863+108.582)/ 2 )
=-1  *  -4.916/72.7225
=6.76 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=28.271 + 8.592
=36.863

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=94.333 + 14.249
=108.582

Global Crossing Airlines Group'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  *  -7.04/( (108.582+138.071)/ 2 )
=-1  *  -7.04/123.3265
=5.71 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=94.333 + 14.249
=108.582

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=123.6 + 14.471
=138.071

* 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.

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.


Global Crossing Airlines Group  (OTCPK:JETMF) Effective Interest Rate on Debt % Explanation

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


Global Crossing Airlines Group Effective Interest Rate on Debt % Related Terms

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Global Crossing Airlines Group (Global Crossing Airlines Group) Business Description

Traded in Other Exchanges
Address
4200 NW 36th Street, Building 5A, Miami International Airport, Miami, FL, USA, 33166
Global Crossing Airlines Group Inc is an airline operator for both narrow and widebody aircraft around the world, utilizing the efficiencies of an Airbus A320/321 fleet. The company operates wet lease and ACMI flights for airlines and charter operations for tour operators, professional and college teams, and other groups.
Executives
Deborah Wallis Robinson director 4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Ryan Goepel director, officer: Chief Financial Officer 2333 PONCE DE LEON BLVD., SUITE 630, CORAL GABLES FL 33134
Axar Capital Management L.p. director, 10 percent owner 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Axar Gp, Llc director, 10 percent owner C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Andrew Axelrod director, 10 percent owner C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014
Joseph Jr. Dagrosa director, 10 percent owner 311 SOUTH WACKER DRIVE, SUITE 6400, CHICAGO IL 60606
John Quelch director C/O INVERNESS MEDICAL INNOVATIONS INC, 51 SAWYER RD, WALTHAM MA 02453
Edward J Wegel director, 10 percent owner, officer: Chief Executive Officer 1 GORHAM ISLAND, WESTPORT CT 06880
Mcartor Trusten Allan director 200 FALCON RIDGE ROAD, GREAT FALLS VA 22066
Harrington Cordia director 2975 ARMORY DRIVE, NASHVILLE TN 37204
William Shuster director 4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Ronald Bevans 10 percent owner 4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Alan Geoffrey Bird director 4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
Juan Pablo Nunez officer: Chief Operating Officer 4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166
David Griffith Ross director 4200 NW 36TH ST., BLDG. 5A, 4TH FLOOR, MIAMI FL 33166