MILC (Millennium Sustainable Ventures) Effective Interest Rate on Debt %: 0.19% (As of Sep. 2022)


MILC Millennium Sustainable Ventures Corp MILC
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What is Millennium Sustainable Ventures Effective Interest Rate on Debt %?

Millennium Sustainable Ventures MILC 12 Effective Interest Rate on Debt % is 0.19% as of Sep. 2022. GuruFocus rates MILC with a GF Score™ of 12/100.

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. Millennium Sustainable Ventures's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $0.09 Mil. Millennium Sustainable Ventures's average total debt for the quarter that ended in Sep. 2022 was $47.49 Mil. Therefore, Millennium Sustainable Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 0.19%.


Millennium Sustainable Ventures  (OTCPK:MILC) Effective Interest Rate on Debt % Explanation

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


Millennium Sustainable Ventures Effective Interest Rate on Debt % Related Terms


Millennium Sustainable Ventures Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Millennium Sustainable Ventures'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.

Millennium Sustainable Ventures Effective Interest Rate on Debt % Chart

Millennium Sustainable Ventures Annual Data
Trend Mar12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Millennium Sustainable Ventures Quarterly Data
Dec15 Jun16 Dec16 Jun17 Sep17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 0.00 0.00 0.00 0.14 0.19

MILC vs PLXPQ, GNRS, ZTS: Effective Interest Rate on Debt % Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Millennium Sustainable Ventures'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.


Millennium Sustainable Ventures Effective Interest Rate on Debt % vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Millennium Sustainable Ventures's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Millennium Sustainable Ventures's Effective Interest Rate on Debt % falls into.


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Millennium Sustainable Ventures Effective Interest Rate on Debt % Calculation

Millennium Sustainable Ventures's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2020 )+Total Debt  (A: Dec. 2021 ))/ count )
=-1  *  0/( (2.562+42.34)/ 2 )
=-1  *  0/22.451
=0.00 %

where

Total Debt  (A: Dec. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.399 + 1.163
=2.562

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=38.66 + 3.68
=42.34

Millennium Sustainable Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2022 )+Total Debt  (Q: Sep. 2022 ))/ count )
=-1  *  -0.088/( (52.807+42.178)/ 2 )
=-1  *  -0.088/47.4925
=0.19 %

where

Total Debt  (Q: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=50.064 + 2.743
=52.807

Total Debt  (Q: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=39.525 + 2.653
=42.178

* 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 (Sep. 2022) 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 0.19% mean?
Millennium Sustainable Ventures (MILC) has a Effective Interest Rate on Debt % of 0.19% as of Sep. 2022. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Millennium Sustainable Ventures and its competitors.
Is Millennium Sustainable Ventures' Effective Interest Rate on Debt % too high?
Millennium Sustainable Ventures' current Effective Interest Rate on Debt % is 0.19%. Overall, Millennium Sustainable Ventures has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Millennium Sustainable Ventures' Effective Interest Rate on Debt % compare to PLXPQ and GNRS?
Millennium Sustainable Ventures' Effective Interest Rate on Debt % of 0.19% can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Effective Interest Rate on Debt % depends on the Drug Manufacturers 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 Millennium Sustainable Ventures and its competitors. Millennium Sustainable Ventures's current Effective Interest Rate on Debt % is 0.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Sustainable Ventures stock overvalued right now?
Millennium Sustainable Ventures (MILC) has a current Effective Interest Rate on Debt % of 0.19%. The current Effective Interest Rate on Debt % is 0.19%. Millennium Sustainable Ventures' overall GF Score™ is 12/100. 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 Millennium Sustainable Ventures (MILC), the current Effective Interest Rate on Debt % is 0.19% as of Sep. 2022. 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.

Millennium Sustainable Ventures Business Description

Address 301 Winding Road, Old Bethpage, NY, USA, 11804
Millennium Sustainable Ventures Corp is engaged in the sustainable cultivation of cannabis in greenhouses, and sustainable production of activated carbon.
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