goeasy (TSX:GSY) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is goeasy 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. goeasy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0 Mil. goeasy's average total debt for the quarter that ended in Dec. 2023 was C$2,820 Mil. Therefore, goeasy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

goeasy Effective Interest Rate on Debt % Historical Data

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

goeasy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.59

5.07

5.17

4.61

goeasy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.74	4.67	0.28	0.29	-

Competitive Comparison of goeasy's Effective Interest Rate on Debt %

For the Credit Services subindustry, goeasy'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.

goeasy's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

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

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

goeasy Effective Interest Rate on Debt % Calculation

goeasy'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	/	( (2452.234	+	2890.474)	/ 2 )
=	-1 * 0	/	2671.354
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2303.588	+	148.646
=	2452.234

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2890.474	+	0
=	2890.474

goeasy'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 * 0	/	( (2749.754	+	2890.474)	/ 2 )
=	-1 * 0	/	2820.114
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2749.754	+	0
=	2749.754

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2890.474	+	0
=	2890.474

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.

goeasy (TSX:GSY) Effective Interest Rate on Debt % Explanation

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

goeasy Effective Interest Rate on Debt % Related Terms

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goeasy (TSX:GSY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » goeasy Ltd (TSX:GSY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

EHMEF:USA 1ES:Germany

Address

33 City Centre Drive, Suite 510, Mississauga, ON, CAN, L5B 2N5

Website

https://www.goeasy.com

goeasy Ltd provides financial services company. The principal operating activities of the Company include: providing loans and other financial services to consumers and leasing household products to consumers. Customers can transact seamlessly through an omnichannel model that includes online and mobile platforms. The Company operates in two reportable segments: easyfinancial and easyhome. The easyfinancial reportable segment lends out capital in the form of unsecured and secured consumer loans to nonprime borrowers. easyfinancial's product offering consists of unsecured and real estate-secured installment loans. The key revenue of the company is generated from easyfinancial.