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My City Builders (My City Builders) Effective Interest Rate on Debt % : 10.60% (As of Jan. 2024)


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What is My City Builders 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. My City Builders's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.05 Mil. My City Builders's average total debt for the quarter that ended in Jan. 2024 was $0.49 Mil. Therefore, My City Builders's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 10.60%.


My City Builders Effective Interest Rate on Debt % Historical Data

The historical data trend for My City Builders'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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My City Builders Effective Interest Rate on Debt % Chart

My City Builders Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 121.21 42.13 10.02 2.38 -

My City Builders Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 - - - 16.74 10.60

Competitive Comparison of My City Builders's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, My City Builders'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.


My City Builders's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

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

* The bar in red indicates where My City Builders's Effective Interest Rate on Debt % falls into.



My City Builders Effective Interest Rate on Debt % Calculation

My City Builders's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2022 )+Total Debt  (A: Jul. 2023 ))/ count )
=-1  *  -0.137/( (0+0)/ 1 )
=-1  *  -0.137/0
=N/A %

where

My City Builders's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -0.052/( (0.215+0.766)/ 2 )
=-1  *  -0.052/0.4905
=10.60 %

where

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.716 + 0.05
=0.766

* 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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


My City Builders  (OTCPK:MYCB) Effective Interest Rate on Debt % Explanation

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


My City Builders Effective Interest Rate on Debt % Related Terms

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My City Builders (My City Builders) Business Description

Industry
Traded in Other Exchanges
N/A
Address
100 Biscayne Boulevard, Suite 1611, Miami, FL, USA, 33132
My City Builders Inc with its subsidiary focuses on real estate transactions, in which it buys and develops real estate for sale or rent of low-income housing. It also plans to invest in three sectors of the market by buying, refurbishing, and selling traditional foreclosures, buying, developing, and renting Land Banks that have an average pool of homes or lots, and buying, refurbishing, or developing and selling homes made available by the government through HECM pools.
Executives
Francis Pittilloni director 488 NE 18TH STREET, APARTMENT 2307, MIAMI FL 33132
Yolanda Goodell director 1115 EAST 500 NORTH, LEHI UT 84043
Gonzalez Romero Jose Maria Eduardo director PH TORRE LA CRESTA, BELLAVISTA R1 0801
Iconic Private Equity Partners 10 percent owner 8/F, ASIA STANDARD TOWER, NO. 59-65 QUEEN'S ROAD CENTRAL, HONG KONG K3 00000
Daniel Tsai director, officer: CEO, CFO, President 7579 NORTHRUP DR., SAN DIEGO CA 92126
Jennifer Irons officer: Chief Financial Officer 203 - 1634 HARVEY AVENUE, KELOWNA A1 V1V 6G2
Chad Ulansky director, officer: CEO&Pres, Treasurer, Secretary 203 - 1634 HARVEY AVE., KELOWNA A1 V1Y 6G2