Greenlit Ventures (Greenlit Ventures) Effective Interest Rate on Debt % : 8.60% (As of Mar. 2024)

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What is Greenlit Ventures 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. Greenlit Ventures's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.01 Mil. Greenlit Ventures's average total debt for the quarter that ended in Mar. 2024 was $0.14 Mil. Therefore, Greenlit Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.60%.

Greenlit Ventures Effective Interest Rate on Debt % Historical Data

The historical data trend for Greenlit Ventures'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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Greenlit Ventures Effective Interest Rate on Debt % Chart

Greenlit Ventures Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.79

5.38

Greenlit Ventures 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															4.17	3.49	6.43	8.92	8.60

Competitive Comparison of Greenlit Ventures's Effective Interest Rate on Debt %

For the Consulting Services subindustry, Greenlit Ventures'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.

Greenlit Ventures's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Greenlit Ventures's Effective Interest Rate on Debt % distribution charts can be found below:

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

Greenlit Ventures Effective Interest Rate on Debt % Calculation

Greenlit Ventures's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.006	/	( (0.083	+	0.14)	/ 2 )
=	-1 * -0.006	/	0.1115
=	5.38 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.083
=	0.083

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.14	+	0
=	0.14

Greenlit Ventures'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 * -0.012	/	( (0.14	+	0.139)	/ 2 )
=	-1 * -0.012	/	0.1395
=	8.60 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.14	+	0
=	0.14

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.139	+	0
=	0.139

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.

Greenlit Ventures (OTCPK:GLVT) Effective Interest Rate on Debt % Explanation

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

Greenlit Ventures Effective Interest Rate on Debt % Related Terms

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Greenlit Ventures (Greenlit Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Greenlit Ventures Inc (OTCPK:GLVT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9169 W State Street, No.3147, Garden City, ID, USA, 83714

Website

MS Young Adventure Enterprise Inc is a marketing and management consulting company that provides advisory services to companies located in Asia for the purpose of facilitating the competitiveness of those companies in the international market. The company offers a wide assortment of advisory services, ranging from business planning consulting services, mergers and acquisitions advising, and marketing services.

Executives

Zilin Wang Wang	director, 10 percent owner, officer: president,director,10%+ sh	506 ENTERPRISE AVENUE, KITIMAT A1 V8C 2E2
James M Cassidy	director, 10 percent owner, officer: president	215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop	director, 10 percent owner, officer: vice president	9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212

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