GreenPower Motor Co (FRA:GRT1) Effective Interest Rate on Debt % : 12.90% (As of Dec. 2024)

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What is GreenPower Motor Co 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. GreenPower Motor Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was €2.15 Mil. GreenPower Motor Co's average total debt for the quarter that ended in Dec. 2024 was €16.65 Mil. Therefore, GreenPower Motor Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 12.90%.

GreenPower Motor Co Effective Interest Rate on Debt % Historical Data

The historical data trend for GreenPower Motor Co'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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GreenPower Motor Co Effective Interest Rate on Debt % Chart

GreenPower Motor Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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19.29

22.39

14.97

14.44

9.49

GreenPower Motor Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.81	16.36	12.23	12.48	12.90

Competitive Comparison of GreenPower Motor Co's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, GreenPower Motor Co'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.

GreenPower Motor Co's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, GreenPower Motor Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

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GreenPower Motor Co Effective Interest Rate on Debt % Calculation

GreenPower Motor Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -1.431	/	( (14.71	+	15.455)	/ 2 )
=	-1 * -1.431	/	15.0825
=	9.49 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.838	+	9.872
=	14.71

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.923	+	9.532
=	15.455

GreenPower Motor Co'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: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -2.148	/	( (16.675	+	16.631)	/ 2 )
=	-1 * -2.148	/	16.653
=	12.90 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.699	+	10.976
=	16.675

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.108	+	10.523
=	16.631

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

GreenPower Motor Co (FRA:GRT1) Effective Interest Rate on Debt % Explanation

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

GreenPower Motor Co Effective Interest Rate on Debt % Related Terms

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GreenPower Motor Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » GreenPower Motor Co Inc (FRA:GRT1) » Definitions » Effective Interest Rate on Debt %

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GP:USA GPV:Canada

Address

209 Carrall Street, Suite 240, Vancouver, BC, CAN, V6B 2J2

Website

https://www.greenpowermotor.com

GreenPower Motor Co Inc is the manufacturer and distributor of all-electric charter, school, and city buses. The company offers electric-powered transit buses deploying electric drive and battery technologies with a lightweight chassis and low-floor body. Its product line includes all-electric transit buses, all-electric school buses, and shuttle buses. The company's buses depend on clean sheet design and utilize a custom battery management system and a proprietary flex power system for the drive motors. Geographically, the company generates a majority of its revenue from the United States of America and the rest from Canada.

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