GECSF (Global Education Communities) Effective Interest Rate on Debt % : 3.53% (As of Aug. 2024)

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What is Global Education Communities 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. Global Education Communities's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was $7.18 Mil. Global Education Communities's average total debt for the quarter that ended in Aug. 2024 was $203.26 Mil. Therefore, Global Education Communities's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 3.53%.

Global Education Communities Effective Interest Rate on Debt % Historical Data

The historical data trend for Global Education Communities'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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Global Education Communities Effective Interest Rate on Debt % Chart

Global Education Communities Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Effective Interest Rate on Debt %

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2.99

3.14

2.54

4.82

3.97

Global Education Communities Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.00	6.46	4.17	3.05	3.53

Competitive Comparison of Global Education Communities's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Global Education Communities'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.

Global Education Communities's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Global Education Communities's Effective Interest Rate on Debt % distribution charts can be found below:

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

Global Education Communities Effective Interest Rate on Debt % Calculation

Global Education Communities's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2023 )	+	Total Debt (A: Aug. 2024 ))	/ count )
=	-1 * -8.328	/	( (209.526	+	210.399)	/ 2 )
=	-1 * -8.328	/	209.9625
=	3.97 %

where

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	118.305	+	91.221
=	209.526

	Total Debt (A: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.033	+	65.366
=	210.399

Global Education Communities's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2024 )	+	Total Debt (Q: Aug. 2024 ))	/ count )
=	-1 * -7.184	/	( (196.112	+	210.399)	/ 2 )
=	-1 * -7.184	/	203.2555
=	3.53 %

where

	Total Debt (Q: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	116.584	+	79.528
=	196.112

	Total Debt (Q: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.033	+	65.366
=	210.399

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

Global Education Communities (OTCPK:GECSF) Effective Interest Rate on Debt % Explanation

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

Global Education Communities Effective Interest Rate on Debt % Related Terms

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Global Education Communities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Global Education Communities Corp (OTCPK:GECSF) » Definitions » Effective Interest Rate on Debt %

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GEC:Canada

Address

777 West Broadway, Suite 1200, Vancouver, BC, CAN, V5Z 4J7

Website

https://www.gechq.com

Global Education Communities Corp is an educational and student-housing real estate company. Its business operations include education, media communications, revenue-producing properties, and real estate development. The company currently has five main business units, namely Sprott Shaw College Corp. (SSCC), Sprott Shaw Language College (SSLC), including Vancouver International College (VIC), CIBT School of Business & Technology (CIBT), IRIX Design Group Inc. (IRIX) and Global Education City Holdings Inc. (GECH). The majority of the company's revenue is generated from its Sprott Shaw College Corp. (SSCC) unit.