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Financial Gravity (Financial Gravity) Effective Interest Rate on Debt % : 1.31% (As of Jun. 2023)


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What is Financial Gravity 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. Financial Gravity's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $0.00 Mil. Financial Gravity's average total debt for the quarter that ended in Jun. 2023 was $0.31 Mil. Therefore, Financial Gravity's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 1.31%.


Financial Gravity Effective Interest Rate on Debt % Historical Data

The historical data trend for Financial Gravity'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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Financial Gravity Effective Interest Rate on Debt % Chart

Financial Gravity Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.91 24.48 1.72 0.94 0.49

Financial Gravity Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23
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 0.53 - - - 1.31

Competitive Comparison of Financial Gravity's Effective Interest Rate on Debt %

For the Financial Conglomerates subindustry, Financial Gravity'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.


Financial Gravity's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Financial Gravity's Effective Interest Rate on Debt % distribution charts can be found below:

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



Financial Gravity Effective Interest Rate on Debt % Calculation

Financial Gravity's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2021 )+Total Debt  (A: Sep. 2022 ))/ count )
=-1  *  -0.003/( (0.857+0.366)/ 2 )
=-1  *  -0.003/0.6115
=0.49 %

where

Total Debt  (A: Sep. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.626 + 0.231
=0.857

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.208 + 0.158
=0.366

Financial Gravity's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -0.004/( (0.343+0.27)/ 2 )
=-1  *  -0.004/0.3065
=1.31 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.202 + 0.141
=0.343

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.172 + 0.098
=0.27

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


Financial Gravity  (OTCPK:FGCO) Effective Interest Rate on Debt % Explanation

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


Financial Gravity Effective Interest Rate on Debt % Related Terms

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Financial Gravity (Financial Gravity) Business Description

Traded in Other Exchanges
N/A
Address
2501 Ranch Road 620 South, Suite 110, Lakeway, TX, USA, 78734
Financial Gravity Companies Inc through its subsidiaries helps investment advisors and tax professionals expand their businesses by adding additional services, including their own multi-family office. Financial services professionals are able to leverage Financial Gravity systems, technology, proprietary resources, and deep domain expertise to provide a comprehensive financial service experience to their clients that spans proactive tax planning, retirement and estate planning, wealth management, and risk mitigation. The company's operating segments include FGCO; Forta; FGAM; FGFOS; FGIS; FGEM; and TMN.
Executives
Mark John Williams director 26420 VIA MALLORCA, CARMEL CA 93923
William Robert Nelson director 2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734
Gary Joel Nemer director 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Jennifer Winters director 2501 RANCH ROAD 620 SOUTH, SUITE 110, LAKEWAY TX 78734
Scott Christopher Winters director, officer: CEO, Co-Chairman of the Board 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Paul O Williams director, officer: Chief Financial Officer 800 N. WATTERS ROAD. SUITE 120, ALLEN TX 75013
Debra Lynn Buckner officer: Chief Operating Officer 8505 S. COUNTRY CLUB DRIVE, OKLAHOMA CITY OK 73159
David W. Myers director 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Todd Bourgeois director 800 N. WATTERS ROAD, SUITE 150, ALLEN TX 75013
Michael Lin Ashby director 800 N. WATTERS RD., SUITE 150, ALLEN TX 75013
John David Pollock director, 10 percent owner, officer: CEO 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013
Ricky J Johnson officer: Chief Operating Officer 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013
George E Crumley director 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013
James F. Reggio officer: CTO and Chief Mktg Officer 3607 POLO RUN DR., FLOWER MOUND TX 75028
Arthur David Crowley director, officer: Pres. and Ch. Strategy Officer 800 N. WATTERS ROAD, SUITE 120, ALLEN TX 75013