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Mountain Top Properties (Mountain Top Properties) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Mountain Top Properties 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. Mountain Top Properties's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.00 Mil. Mountain Top Properties's average total debt for the quarter that ended in Mar. 2024 was $0.15 Mil. Therefore, Mountain Top Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


Mountain Top Properties Effective Interest Rate on Debt % Historical Data

The historical data trend for Mountain Top Properties'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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Mountain Top Properties Effective Interest Rate on Debt % Chart

Mountain Top Properties Annual Data
Trend Dec22 Dec23
Effective Interest Rate on Debt %
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Mountain Top Properties Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Mountain Top Properties's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Mountain Top Properties'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.


Mountain Top Properties's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mountain Top Properties's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Mountain Top Properties's Effective Interest Rate on Debt % falls into.



Mountain Top Properties Effective Interest Rate on Debt % Calculation

Mountain Top Properties'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/( (0+0.155)/ 1 )
=-1  *  0/0.155
=0.00 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.108 + 0.047
=0.155

Mountain Top Properties'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/( (0.155+0.144)/ 2 )
=-1  *  0/0.1495
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.108 + 0.047
=0.155

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.096 + 0.048
=0.144

* 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.


Mountain Top Properties  (OTCPK:MTPP) Effective Interest Rate on Debt % Explanation

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


Mountain Top Properties Effective Interest Rate on Debt % Related Terms

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Mountain Top Properties (Mountain Top Properties) Business Description

Traded in Other Exchanges
N/A
Address
7505 Floyd Ct, Weatherford, TX, USA, 76087
Website
Mountain Top Properties Inc is a diversified holding company that acquires, sells, and operates distressed assets through its wholly-owned subsidiaries and partnerships. The company specializes in property management, REO foreclosure and real estate redevelopment.

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