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Life Clips (Life Clips) Effective Interest Rate on Debt % : 7.22% (As of Mar. 2022)


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What is Life Clips 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. Life Clips's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was $0.30 Mil. Life Clips's average total debt for the quarter that ended in Mar. 2022 was $4.16 Mil. Therefore, Life Clips's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 7.22%.

Life Clips Effective Interest Rate on Debt % Historical Data

The historical data trend for Life Clips'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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Life Clips Effective Interest Rate on Debt % Chart

Life Clips Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 184.68 29.97 16.63 13.40 16.04

Life Clips Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.06 30.39 15.56 7.48 7.22

Competitive Comparison of Life Clips's Effective Interest Rate on Debt %

For the Leisure subindustry, Life Clips'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.

Life Clips's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Life Clips's Effective Interest Rate on Debt % distribution charts can be found below:

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


Life Clips Effective Interest Rate on Debt % Calculation

Life Clips's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2020 )+Total Debt  (A: Jun. 2021 ))/ count )
=-1  *  -0.568/( (2.959+4.124)/ 2 )
=-1  *  -0.568/3.5415
=16.04 %

where

Total Debt  (A: Jun. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 2.959
=2.959

Total Debt  (A: Jun. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 4.124
=4.124

Life Clips's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2021 )+Total Debt  (Q: Mar. 2022 ))/ count )
=-1  *  -0.3/( (4.303+4.008)/ 2 )
=-1  *  -0.3/4.1555
=7.22 %

where

Total Debt  (Q: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.085 + 4.218
=4.303

Total Debt  (Q: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.147 + 3.861
=4.008

* 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 (Mar. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Life Clips  (OTCPK:LCLP) Effective Interest Rate on Debt % Explanation

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

Life Clips Effective Interest Rate on Debt % Related Terms

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Life Clips (Life Clips) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Life Clips Inc (OTCPK:LCLP) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ALTD ALTD BWMG BTDG SPQS PRKA KENS CNXA TSE:4661 HKSE:02020 HKSE:02331 TSE:7832 POOL TSE:7309 LSE:CCL HAS MAT TSE:7951 PLNT HKSE:09992
Traded in Other Exchanges
N/A
Address
18851 NE 29th Avenue, Suite 700, PMB No. 348, Aventura, FL, USA, 33180
Website
https://www.lifeclips.com
Life Clips Inc operates in the business of digital devices to capture videos and pictures. It offers a varied range of cameras, batteries, and adapters. The firm focuses on the marketing of the HP-branded cameras as well as the Mobeego branded batteries in the United States as well as internationally. In addition, it also operates in the energy unit product division which consists of a custom designed plastic casing, shaped like a small can of energy drink, hosting a powerful lithium battery for charging mobile devices.
Executives
Victoria Diana Rudman director, officer: CFO C/O CHATAND, INC., 244 5TH AVENUE, SUITE 68, NEW YORK NY 10001
Robert Grinberg director, officer: CEO 19515 PRESIDENTIAL WAY, MIAMI FL 33179