NVGT (Novagant) Effective Interest Rate on Debt %: 0.00% (As of Dec. 2023)

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What is Novagant Effective Interest Rate on Debt %?

Novagant NVGT -95.00% Effective Interest Rate on Debt % is 0.00% as of Dec. 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. Novagant's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Novagant's average total debt for the quarter that ended in Dec. 2023 was $0.16 Mil. Therefore, Novagant's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Novagant  (OTCPK:NVGT) Effective Interest Rate on Debt % Explanation

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

Novagant Effective Interest Rate on Debt % Related Terms

Novagant Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Novagant'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.

Novagant Effective Interest Rate on Debt % Chart

Novagant Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

Novagant Quarterly Data
Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.00 0.00

NVGT vs UPS, FDX, JBHT: Effective Interest Rate on Debt % Comparison

For the Integrated Freight & Logistics subindustry, Novagant'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.

Novagant Effective Interest Rate on Debt % vs Transportation Industry

For the Transportation industry and Industrials sector, Novagant's Effective Interest Rate on Debt % distribution charts can be found below:

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


Novagant Effective Interest Rate on Debt % Calculation

Novagant's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  0/( (0.001+0.009)/ 2 )
=-1  *  0/0.005
=0.00 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.001
=0.001

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.002 + 0.007
=0.009

Novagant's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  0/( (0.162+0.16)/ 2 )
=-1  *  0/0.161
=0.00 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.002 + 0.16
=0.162

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.16
=0.16

* 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 (Dec. 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 0.00% mean?
Novagant (NVGT) has a Effective Interest Rate on Debt % of 0.00% as of Dec. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Novagant and its competitors.
Is Novagant's Effective Interest Rate on Debt % too high?
Novagant's current Effective Interest Rate on Debt % is 0.00%.
How does Novagant's Effective Interest Rate on Debt % compare to UPS and FDX?
Novagant's Effective Interest Rate on Debt % of 0.00% can be compared against companies in the Transportation 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 Transportation company?
A good Effective Interest Rate on Debt % depends on the Transportation 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 Novagant and its competitors. Novagant's current Effective Interest Rate on Debt % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novagant stock overvalued right now?
Novagant (NVGT) has a current Effective Interest Rate on Debt % of 0.00%. The current Effective Interest Rate on Debt % is 0.00%. 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 Novagant (NVGT), the current Effective Interest Rate on Debt % is 0.00% as of Dec. 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.

Novagant Business Description

Address Landmark East, 100 How Ming Street, Suite 2006, AIA Kowloon Tower, KT, Hong Kong, HKG, 19801
Novagant Corp through its subsidiary is a logistics service provider in Hong Kong. The company particularly specialized in Fast Moving Consumer Goods (FMCG) and Health Care Products. It generates revenue from the Air/ocean freight services income.