MODVF (Melcor Developments) Effective Interest Rate on Debt % : 3.91% (As of Jun. 2024)

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What is Melcor Developments 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. Melcor Developments's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $19.1 Mil. Melcor Developments's average total debt for the quarter that ended in Jun. 2024 was $488.6 Mil. Therefore, Melcor Developments's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.91%.

Melcor Developments Effective Interest Rate on Debt % Historical Data

The historical data trend for Melcor Developments'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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Melcor Developments Effective Interest Rate on Debt % Chart

Melcor Developments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.31

3.45

3.18

3.25

3.96

Melcor Developments Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.65	4.18	4.58	4.24	3.91

Competitive Comparison of Melcor Developments's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Melcor Developments'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.

Melcor Developments's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Melcor Developments's Effective Interest Rate on Debt % distribution charts can be found below:

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

Melcor Developments Effective Interest Rate on Debt % Calculation

Melcor Developments'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 * -20.673	/	( (544.987	+	499.533)	/ 2 )
=	-1 * -20.673	/	522.26
=	3.96 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	544.987	+	0
=	544.987

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	499.533	+	0
=	499.533

Melcor Developments'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 * -19.12	/	( (495.773	+	481.461)	/ 2 )
=	-1 * -19.12	/	488.617
=	3.91 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	495.773	+	0
=	495.773

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	481.461	+	0
=	481.461

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.

Melcor Developments (OTCPK:MODVF) Effective Interest Rate on Debt % Explanation

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

Melcor Developments Effective Interest Rate on Debt % Related Terms

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Melcor Developments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Melcor Developments Ltd (OTCPK:MODVF) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

MRD:Canada

Address

10310 Jasper Avenue, Suite 900, Edmonton, AB, CAN, T5J 1Y8

Website

https://www.melcor.ca

Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.