Close The Loop (ASX:CLG) Effective Interest Rate on Debt % : 6.93% (As of Dec. 2024)

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What is Close The Loop 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. Close The Loop's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was A$7.7 Mil. Close The Loop's average total debt for the quarter that ended in Dec. 2024 was A$110.6 Mil. Therefore, Close The Loop's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 6.93%.

Close The Loop Effective Interest Rate on Debt % Historical Data

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

Close The Loop Annual Data

Trend

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

1.65

3.62

8.73

Close The Loop Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			2.31	6.14	8.29	9.46	6.93

Competitive Comparison of Close The Loop's Effective Interest Rate on Debt %

For the Waste Management subindustry, Close The Loop'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.

Close The Loop's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Close The Loop's Effective Interest Rate on Debt % distribution charts can be found below:

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

Close The Loop Effective Interest Rate on Debt % Calculation

Close The Loop's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -9.581	/	( (110.857	+	108.658)	/ 2 )
=	-1 * -9.581	/	109.7575
=	8.73 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	90.997	+	19.86
=	110.857

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	90.593	+	18.065
=	108.658

Close The Loop's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -7.66	/	( (108.658	+	112.467)	/ 2 )
=	-1 * -7.66	/	110.5625
=	6.93 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	90.593	+	18.065
=	108.658

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	91.42	+	21.047
=	112.467

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 two times the semi-annual (Dec. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Close The Loop (ASX:CLG) Effective Interest Rate on Debt % Explanation

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

Close The Loop Effective Interest Rate on Debt % Related Terms

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Close The Loop Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (ASX:CLG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167

Website

https://www.ctlgroup.com.au

Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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