Shorepower Technologies (Shorepower Technologies) Effective Interest Rate on Debt % : 1.22% (As of Nov. 2023)

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What is Shorepower 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. Shorepower Technologies's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was $0.02 Mil. Shorepower Technologies's average total debt for the quarter that ended in Nov. 2023 was $1.31 Mil. Therefore, Shorepower Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 1.22%.

Shorepower Technologies Effective Interest Rate on Debt % Historical Data

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

Shorepower Technologies Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Effective Interest Rate on Debt %

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0.05

78.66

Shorepower Technologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	4.66	8.85	1.22

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

For the Specialty Retail subindustry, Shorepower 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.

Shorepower Technologies's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shorepower Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Shorepower Technologies Effective Interest Rate on Debt % Calculation

Shorepower Technologies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2022 )	+	Total Debt (A: Feb. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

Shorepower Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -0.016	/	( (1.34	+	1.275)	/ 2 )
=	-1 * -0.016	/	1.3075
=	1.22 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.112	+	0.228
=	1.34

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.038	+	0.237
=	1.275

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

Shorepower Technologies (OTCPK:SPEV) Effective Interest Rate on Debt % Explanation

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

Shorepower Technologies Effective Interest Rate on Debt % Related Terms

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Shorepower Technologies (Shorepower Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shorepower Technologies Inc (OTCPK:SPEV) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

5291 NE Elam Young Parkway, Suite 160, Hillsboro, OR, USA, 97124

Website

https://www.shorepower.com

Shorepower Technologies Inc is a transportation electrification company that builds, deploys, and operates plug-in stations that allow electric vehicles, trucks, and refrigerated trailers to conveniently access electric power while parked or staged.

Executives

Erop Capital Llc	10 percent owner	912 HOLCOMB BRIDGE ROAD, STE 101, ROSWELL GA 30076
Jeffrey Kim	director, 10 percent owner, officer: President and CEO	5291 NE ELAM YOUNG PARKWAY,, SUITE 160, HILLSBORO OR 97124
Thirty 05 Llc	director, officer: President	3005 HOEDT RD, TAMPA FL 33618

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