Environmental Clean Technologies (ASX:ECT) Effective Interest Rate on Debt % : 5.37% (As of Dec. 2023)

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What is Environmental Clean Technologies 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. Environmental Clean Technologies's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.10 Mil. Environmental Clean Technologies's average total debt for the quarter that ended in Dec. 2023 was A$1.86 Mil. Therefore, Environmental Clean Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.37%.

Environmental Clean Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Environmental Clean Technologies'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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Environmental Clean Technologies Effective Interest Rate on Debt % Chart

Environmental Clean Technologies Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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37.96

4.49

12.46

2.86

4.60

Environmental Clean Technologies Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-1.45	3.71	1.99	5.37	5.20

Competitive Comparison of Environmental Clean Technologies's Effective Interest Rate on Debt %

For the Pollution & Treatment Controls subindustry, Environmental Clean Technologies'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.

Environmental Clean Technologies's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Environmental Clean Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Environmental Clean Technologies Effective Interest Rate on Debt % Calculation

Environmental Clean Technologies'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 * -0.07	/	( (2.516	+	2.379)	/ 2 )
=	-1 * -0.07	/	2.4475
=	2.86 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.39	+	2.126
=	2.516

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.273	+	2.106
=	2.379

Environmental Clean Technologies'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.1	/	( (2.379	+	1.342)	/ 2 )
=	-1 * -0.1	/	1.8605
=	5.37 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.273	+	2.106
=	2.379

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.217	+	1.125
=	1.342

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

Environmental Clean Technologies (ASX:ECT) Effective Interest Rate on Debt % Explanation

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

Environmental Clean Technologies Effective Interest Rate on Debt % Related Terms

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Environmental Clean Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Environmental Clean Technologies Ltd (ASX:ECT) » Definitions » Effective Interest Rate on Debt %

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Address

209 Toorak Road, Suite 37, South Yarra, VIC, AUS, 3141

Website

https://www.ectltd.com.au

Environmental Clean Technologies Ltd is in the business of commercializing coal and iron-making technologies, which are capable of delivering both financial and environmental benefits. Its activities include the following processes: Coldry Process and Hydromor Process. The Coldry process is the company's first technology to be commercially viable as an economic method of dewatering brown coal to produce a black coal equivalent. Hydromor is a clean, low-emission, one-step process for producing high-grade primary iron using low-cost lignite to displace the need for coking coals as used in the incumbent blast furnace process.

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