EMAX (Ecomax) Effective Interest Rate on Debt %: 7.57% (As of Mar. 2024)

Ecomax EMAX 7 Effective Interest Rate on Debt % is 7.57% as of Mar. 2024. GuruFocus rates EMAX with a GF Score™ of 7/100.

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. Ecomax's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.03 Mil. Ecomax's average total debt for the quarter that ended in Mar. 2024 was $0.37 Mil. Therefore, Ecomax's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.57%.

Ecomax (OTCPK:EMAX) Effective Interest Rate on Debt % Explanation

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

Ecomax Effective Interest Rate on Debt % Related Terms

Ecomax Effective Interest Rate on Debt % Historical Data

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The historical data trend for Ecomax'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.

Ecomax Effective Interest Rate on Debt % Chart

Ecomax Annual Data

Trend

Dec96

Dec97

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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9.62

6.51

7.11

7.17

7.25

Ecomax Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.56	7.92	8.49	8.95	7.57

EMAX vs MTLK, NIMU, KATX: Effective Interest Rate on Debt % Comparison

For the Shell Companies subindustry, Ecomax'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.

Ecomax Effective Interest Rate on Debt % vs Diversified Financial Services Industry

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

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

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Ecomax Inc EMAX

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Ecomax Effective Interest Rate on Debt % Calculation

Ecomax'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 * -0.022	/	( (0.191	+	0.416)	/ 2 )
=	-1 * -0.022	/	0.3035
=	7.25 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.191
=	0.191

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.416
=	0.416

Ecomax's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.028	/	( (0.377	+	0.363)	/ 2 )
=	-1 * -0.028	/	0.37
=	7.57 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.377
=	0.377

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.363
=	0.363

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

Frequently Asked Questions Learn more about Effective Interest Rate on Debt % →

What does a Effective Interest Rate on Debt % of 7.57% mean?

Ecomax (EMAX) has a Effective Interest Rate on Debt % of 7.57% as of Mar. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Ecomax and its competitors.

Is Ecomax's Effective Interest Rate on Debt % too high?

Ecomax's current Effective Interest Rate on Debt % is 7.57%. Overall, Ecomax has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.

How does Ecomax's Effective Interest Rate on Debt % compare to MTLK and NIMU?

Ecomax's Effective Interest Rate on Debt % of 7.57% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Effective Interest Rate on Debt % for a Diversified Financial Services company?

A good Effective Interest Rate on Debt % depends on the Diversified Financial Services industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Effective Interest Rate on Debt % mean?

A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Ecomax and its competitors. Ecomax's current Effective Interest Rate on Debt % is 7.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ecomax stock overvalued right now?

Ecomax (EMAX) has a current Effective Interest Rate on Debt % of 7.57%. The current Effective Interest Rate on Debt % is 7.57%. Ecomax's overall GF Score™ is 7/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Effective Interest Rate on Debt % calculated?

Effective Interest Rate on Debt % is calculated from a company's financial statements. For Ecomax (EMAX), the current Effective Interest Rate on Debt % is 7.57% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.