Limitless Venture Group (Limitless Venture Group) Effective Interest Rate on Debt % : 12.40% (As of Jun. 2022)

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What is Limitless Venture 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. Limitless Venture Group's annualized positive value of Interest Expense for the quarter that ended in Jun. 2022 was $0.33 Mil. Limitless Venture Group's average total debt for the quarter that ended in Jun. 2022 was $2.69 Mil. Therefore, Limitless Venture Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 was 12.40%.

Limitless Venture Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Limitless Venture 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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Limitless Venture Group Effective Interest Rate on Debt % Chart

Limitless Venture Group Annual Data

Trend

Effective Interest Rate on Debt %

Limitless Venture Group Semi-Annual Data
	Jun21	Jun22
Effective Interest Rate on Debt %	-	12.40

Competitive Comparison of Limitless Venture Group's Effective Interest Rate on Debt %

For the Asset Management subindustry, Limitless Venture 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.

Limitless Venture Group's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Limitless Venture Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Limitless Venture Group Effective Interest Rate on Debt % Calculation

Limitless Venture Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

Limitless Venture Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2021 )	+	Total Debt (Q: Jun. 2022 ))	/ count )
=	-1 * -0.334	/	( (0	+	2.693)	/ 1 )
=	-1 * -0.334	/	2.693
=	12.40 %

where

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

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.693
=	2.693

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 two times the semi-annual (Jun. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Limitless Venture Group (OTCPK:LVGI) Effective Interest Rate on Debt % Explanation

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

Limitless Venture Group Effective Interest Rate on Debt % Related Terms

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Limitless Venture Group (Limitless Venture Group) Business Description

Industry

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Address

121 East 35 Street, Tulsa, OK, USA, 74105

Website

https://www.lvginc.com

Limitless Venture Group Inc provides its shareholders with access to leading small and medium businesses. The company owns controlling interests in its subsidiary businesses and partners with their management teams to build businesses that can unlock vital value for shareholders.