I-Wellness Marketing Group (I-Wellness Marketing Group) Effective Interest Rate on Debt % : 21.14% (As of Mar. 2017)

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What is I-Wellness Marketing Group 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. I-Wellness Marketing Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2017 was $0.10 Mil. I-Wellness Marketing Group's average total debt for the quarter that ended in Mar. 2017 was $0.47 Mil. Therefore, I-Wellness Marketing Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2017 was 21.14%.

I-Wellness Marketing Group Effective Interest Rate on Debt % Historical Data

The historical data trend for I-Wellness Marketing Group'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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I-Wellness Marketing Group Effective Interest Rate on Debt % Chart

I-Wellness Marketing Group Annual Data

Trend

Oct11

Oct12

Oct13

Oct14

Jun15

Jun16

Effective Interest Rate on Debt %

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19.89

137.09

12.13

13.30

I-Wellness Marketing Group Quarterly Data
	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.65	14.37	16.92	45.54	21.14

Competitive Comparison of I-Wellness Marketing Group's Effective Interest Rate on Debt %

For the Gold subindustry, I-Wellness Marketing Group'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.

I-Wellness Marketing Group's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, I-Wellness Marketing Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where I-Wellness Marketing Group's Effective Interest Rate on Debt % falls into.

I-Wellness Marketing Group Effective Interest Rate on Debt % Calculation

I-Wellness Marketing Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2015 )	+	Total Debt (A: Jun. 2016 ))	/ count )
=	-1 * -0.055	/	( (0.406	+	0.421)	/ 2 )
=	-1 * -0.055	/	0.4135
=	13.30 %

where

	Total Debt (A: Jun. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.406
=	0.406

	Total Debt (A: Jun. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.421
=	0.421

I-Wellness Marketing Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2016 )	+	Total Debt (Q: Mar. 2017 ))	/ count )
=	-1 * -0.1	/	( (0.466	+	0.48)	/ 2 )
=	-1 * -0.1	/	0.473
=	21.14 %

where

	Total Debt (Q: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.466
=	0.466

	Total Debt (Q: Mar. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.48
=	0.48

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. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

I-Wellness Marketing Group (GREY:IWMG) Effective Interest Rate on Debt % Explanation

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

I-Wellness Marketing Group Effective Interest Rate on Debt % Related Terms

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I-Wellness Marketing Group (I-Wellness Marketing Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » I-Wellness Marketing Group Inc (GREY:IWMG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

3651 Lindell Road, Suite D612, Las Vegas, NV, USA, 89103

Website

http://www.monarchyventures.ne

I-Wellness Marketing Group Inc is focused on seeking out and acquiring mineral properties. In addition, the organization is also engaged in the restaurant operation business. It uses Belgian fries, craft beers, and the same ingredients are used in burgers, sandwiches, salads, and sauces. The group's restaurant operation is also licensed to serve alcohol.

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