MEIL (Methes Energies International) Effective Interest Rate on Debt %: 4.70% (As of Aug. 2023)


What is Methes Energies International Effective Interest Rate on Debt %?

Methes Energies International MEIL Effective Interest Rate on Debt % is 4.70% as of Aug. 2023.

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. Methes Energies International's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was $0.06 Mil. Methes Energies International's average total debt for the quarter that ended in Aug. 2023 was $1.28 Mil. Therefore, Methes Energies International's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 4.70%.

Methes Energies International  (OTCPK:MEIL) Effective Interest Rate on Debt % Explanation

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

Methes Energies International Effective Interest Rate on Debt % Related Terms

Methes Energies International Effective Interest Rate on Debt % Historical Data

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The historical data trend for Methes Energies International'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.

Methes Energies International Effective Interest Rate on Debt % Chart

Methes Energies International Annual Data
Trend Nov10 Nov11 Nov12 Nov13 Nov14
Effective Interest Rate on Debt %
0.00 0.00 16.56 23.42 16.44

Methes Energies International Quarterly Data
Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Aug22 May23 Aug23
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 10.52 10.10 0.00 0.00 4.70

MEIL vs PARG, WWSG, BBOE: Effective Interest Rate on Debt % Comparison

For the Shell Companies subindustry, Methes Energies International'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.

Methes Energies International Effective Interest Rate on Debt % vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Methes Energies International's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Methes Energies International's Effective Interest Rate on Debt % falls into.


Methes Energies International Effective Interest Rate on Debt % Calculation

Methes Energies International's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2013 )+Total Debt  (A: Nov. 2014 ))/ count )
=-1  *  -0.493/( (2.981+3.017)/ 2 )
=-1  *  -0.493/2.999
=16.44 %

where

Total Debt  (A: Nov. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 2.981
=2.981

Total Debt  (A: Nov. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.837 + 1.18
=3.017

Methes Energies International's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2023 )+Total Debt  (Q: Aug. 2023 ))/ count )
=-1  *  -0.06/( (1.252+1.3)/ 2 )
=-1  *  -0.06/1.276
=4.70 %

where

Total Debt  (Q: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.19 + 0.062
=1.252

Total Debt  (Q: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.207 + 0.093
=1.3

* 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 (Aug. 2023) 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 4.70% mean?
Methes Energies International (MEIL) has a Effective Interest Rate on Debt % of 4.70% as of Aug. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Methes Energies International and its competitors.
Is Methes Energies International's Effective Interest Rate on Debt % too high?
Methes Energies International's current Effective Interest Rate on Debt % is 4.70%.
How does Methes Energies International's Effective Interest Rate on Debt % compare to PARG and WWSG?
Methes Energies International's Effective Interest Rate on Debt % of 4.70% can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Effective Interest Rate on Debt % depends on the Diversified Financial Services 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 Methes Energies International and its competitors. Methes Energies International's current Effective Interest Rate on Debt % is 4.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Methes Energies International stock overvalued right now?
Methes Energies International (MEIL) has a current Effective Interest Rate on Debt % of 4.70%. The current Effective Interest Rate on Debt % is 4.70%. 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 Methes Energies International (MEIL), the current Effective Interest Rate on Debt % is 4.70% as of Aug. 2023. 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.

Methes Energies International Business Description

Address 1208 Celebration Avenue, Celebration, FL, USA, 34747
Methes Energies International Ltd produces and sells a line of fully biodegradable lubricants. It has an extensive line of plant-based biodegradable fluid products to replace petroleum-based products which are Hydraulic Fluid, Engine Oil (auto and light trucks), Heavy-duty diesel oils, Small engine oils, Chainsaw Bar and Chain Oil, Transformer oils, Marine oils light and heavy.