Clairvest Group (TSX:CVG) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Clairvest 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. Clairvest Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$-3.30 Mil. Clairvest Group's average total debt for the quarter that ended in Dec. 2023 was C$0.00 Mil. Therefore, Clairvest Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was N/A%.

Clairvest Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Clairvest 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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Clairvest Group Effective Interest Rate on Debt % Chart

Clairvest Group Annual Data

Trend

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Effective Interest Rate on Debt %

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Clairvest Group Quarterly Data
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Competitive Comparison of Clairvest Group's Effective Interest Rate on Debt %

For the Asset Management subindustry, Clairvest 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.

Clairvest Group's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Clairvest Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Clairvest Group Effective Interest Rate on Debt % Calculation

Clairvest Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

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

where

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

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

Clairvest Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 3.304	/	( (0	+	0)	/ 1 )
=	-1 * 3.304	/	0
=	N/A %

where

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

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

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

Clairvest Group (TSX:CVG) Effective Interest Rate on Debt % Explanation

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

Clairvest Group Effective Interest Rate on Debt % Related Terms

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Clairvest Group (TSX:CVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Clairvest Group Inc (TSX:CVG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

22 St. Clair Avenue East, Suite 1700, Toronto, ON, CAN, M4T 2S3

Website

https://www.clairvest.com

Clairvest Group Inc is a Canadian private equity investment firm. The company invests in and partners with the management teams of business that have the potential to create average returns in their respective industries. Clairvest contributes financing and strategic expertise to support the growth and development of its investee companies in order to create realizable value for all shareholders. It invests its own capital into entrepreneurial corporations.