JAG (Job Aire Group) Effective Interest Rate on Debt %: 36.23% (As of Jun. 2024)

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What is Job Aire Group Effective Interest Rate on Debt %?

Job Aire Group JAG Effective Interest Rate on Debt % is 36.23% as of Jun. 2024.

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. Job Aire Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.20 Mil. Job Aire Group's average total debt for the quarter that ended in Jun. 2024 was $0.56 Mil. Therefore, Job Aire Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 36.23%.

Job Aire Group  (AMEX:JAG) Effective Interest Rate on Debt % Explanation

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

Job Aire Group Effective Interest Rate on Debt % Related Terms

Job Aire Group Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Job Aire 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.

Job Aire Group Effective Interest Rate on Debt % Chart

Job Aire Group Annual Data
Trend Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
0.00 0.40 23.50

Job Aire Group Quarterly Data
Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 77.65 36.23

JAG vs : Effective Interest Rate on Debt % Comparison

For the Airports & Air Services subindustry, Job Aire 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.

Job Aire Group Effective Interest Rate on Debt % vs Transportation Industry

For the Transportation industry and Industrials sector, Job Aire Group's Effective Interest Rate on Debt % distribution charts can be found below:

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


Job Aire Group Effective Interest Rate on Debt % Calculation

Job Aire Group'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  *  -0.09/( (0.5+0.266)/ 2 )
=-1  *  -0.09/0.383
=23.50 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.5
=0.5

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.136 + 0.13
=0.266

Job Aire Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -0.204/( (0.723+0.403)/ 2 )
=-1  *  -0.204/0.563
=36.23 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.107 + 0.616
=0.723

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.156 + 0.247
=0.403

* 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.

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

What does a Effective Interest Rate on Debt % of 36.23% mean?
Job Aire Group (JAG) has a Effective Interest Rate on Debt % of 36.23% as of Jun. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Job Aire Group and its competitors.
Is Job Aire Group's Effective Interest Rate on Debt % too high?
Job Aire Group's current Effective Interest Rate on Debt % is 36.23%.
How does Job Aire Group's Effective Interest Rate on Debt % compare to ?
Job Aire Group's Effective Interest Rate on Debt % of 36.23% can be compared against companies in the Transportation 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 Transportation company?
A good Effective Interest Rate on Debt % depends on the Transportation 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 Job Aire Group and its competitors. Job Aire Group's current Effective Interest Rate on Debt % is 36.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Job Aire Group stock overvalued right now?
Job Aire Group (JAG) has a current Effective Interest Rate on Debt % of 36.23%. The current Effective Interest Rate on Debt % is 36.23%. 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 Job Aire Group (JAG), the current Effective Interest Rate on Debt % is 36.23% as of Jun. 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.

Job Aire Group Business Description

Comparable Companies
Address 7493 N Oracle Road, Suite 221, Tucson, AZ, USA, 85704
Job Aire Group Inc operates as an aviation company by providing pilot services. The company provides staff, and technicians for aircraft, engine inspection, audit, hard-core aeronautical engineering, and aircraft maintenance marketing.