Cielo Waste Solutions (Cielo Waste Solutions) Effective Interest Rate on Debt % : 12.29% (As of Jan. 2024)

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What is Cielo Waste Solutions 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. Cielo Waste Solutions's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.22 Mil. Cielo Waste Solutions's average total debt for the quarter that ended in Jan. 2024 was $1.76 Mil. Therefore, Cielo Waste Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 12.29%.

Cielo Waste Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Cielo Waste Solutions'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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Cielo Waste Solutions Effective Interest Rate on Debt % Chart

Cielo Waste Solutions Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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13.85

2.80

28.99

8.49

18.68

Cielo Waste Solutions Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.78	19.03	38.59	11.14	12.29

Competitive Comparison of Cielo Waste Solutions's Effective Interest Rate on Debt %

For the Waste Management subindustry, Cielo Waste Solutions'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.

Cielo Waste Solutions's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

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

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

Cielo Waste Solutions Effective Interest Rate on Debt % Calculation

Cielo Waste Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -1.793	/	( (11.752	+	7.442)	/ 2 )
=	-1 * -1.793	/	9.597
=	18.68 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.647	+	0.105
=	11.752

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.045	+	7.397
=	7.442

Cielo Waste Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.216	/	( (1.543	+	1.973)	/ 2 )
=	-1 * -0.216	/	1.758
=	12.29 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.416	+	0.127
=	1.543

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.813	+	0.16
=	1.973

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Cielo Waste Solutions (OTCPK:CWSFF) Effective Interest Rate on Debt % Explanation

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

Cielo Waste Solutions Effective Interest Rate on Debt % Related Terms

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Cielo Waste Solutions (Cielo Waste Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cielo Waste Solutions Corp (OTCPK:CWSFF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

C36:Germany CMC:Canada

Address

605 5th Avenue, S.W., Suite 1100, Calgary, AB, CAN, T2P 3H5

Website

https://www.cielows.com

Cielo Waste Solutions Corp is a Canada-based company principally engaged in the business of refining municipal and construction waste into high-grade renewable fuels. Its technologies are focused on materials recovery, renewable diesel, and landfill reduction through responsible diversion practices. The business operations of the company are carried out in Canada and the United States.