Graphene Manufacturing Group (TSXV:GMG) Effective Interest Rate on Debt % : 7.93% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Graphene Manufacturing 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. Graphene Manufacturing Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.10 Mil. Graphene Manufacturing Group's average total debt for the quarter that ended in Dec. 2023 was C$1.26 Mil. Therefore, Graphene Manufacturing Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.93%.

Graphene Manufacturing Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Graphene Manufacturing 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.

* Premium members only.

Graphene Manufacturing Group Effective Interest Rate on Debt % Chart

Graphene Manufacturing Group Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

4.30

8.88

Graphene Manufacturing Group Quarterly Data
	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											7.59	8.13	7.29	9.15	7.93

Competitive Comparison of Graphene Manufacturing Group's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Graphene Manufacturing 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.

Graphene Manufacturing Group's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Graphene Manufacturing Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Graphene Manufacturing Group Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.093	/	( (0.931	+	1.164)	/ 2 )
=	-1 * -0.093	/	1.0475
=	8.88 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.808	+	0.123
=	0.931

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.921	+	0.243
=	1.164

Graphene Manufacturing 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 * -0.1	/	( (1.284	+	1.238)	/ 2 )
=	-1 * -0.1	/	1.261
=	7.93 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.927	+	0.357
=	1.284

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.858	+	0.38
=	1.238

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.

Graphene Manufacturing Group (TSXV:GMG) Effective Interest Rate on Debt % Explanation

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

Graphene Manufacturing Group Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Graphene Manufacturing Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Graphene Manufacturing Group (TSXV:GMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Graphene Manufacturing Group Ltd (TSXV:GMG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

GMGMF:USA 0GF:Germany

Address

5/848 Boundary Road, Unit 5, Richlands, QLD, AUS, 4077

Website

https://www.graphenemg.com

Graphene Manufacturing Group Ltd is involved in the production of high-quality graphene used predominantly in paints, coolants, and lubricants targeting to improve energy efficiency and reduce costs, and additionally in next-generation battery technology. It is a clean-technology-focused company that aims to offer energy-saving products and solutions and energy storage products, enabled by Graphene manufactured in-house via a proprietary production process.

Graphene Manufacturing Group (TSXV:GMG) Headlines

No Headlines