Quality Online Education Group (Quality Online Education Group) Effective Interest Rate on Debt % : 59.12% (As of May. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Quality Online Education Group 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. Quality Online Education Group's annualized positive value of Interest Expense for the quarter that ended in May. 2023 was $0.26 Mil. Quality Online Education Group's average total debt for the quarter that ended in May. 2023 was $0.43 Mil. Therefore, Quality Online Education Group's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2023 was 59.12%.

Quality Online Education Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Quality Online Education Group'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.

* Premium members only.

Quality Online Education Group Effective Interest Rate on Debt % Chart

Quality Online Education Group Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Aug13

Aug14

Aug21

Aug22

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

3.13

9.39

3.57

Quality Online Education Group Quarterly Data
	Mar12	Jun12	Sep12	Dec12	Mar13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	39.71	59.12

Competitive Comparison of Quality Online Education Group's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Quality Online Education Group'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.

Quality Online Education Group's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Quality Online Education Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Quality Online Education Group's Effective Interest Rate on Debt % falls into.

Quality Online Education Group Effective Interest Rate on Debt % Calculation

Quality Online Education Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2021 )	+	Total Debt (A: Aug. 2022 ))	/ count )
=	-1 * 0	/	( (0.18	+	0.161)	/ 2 )
=	-1 * 0	/	0.1705
=	0.00 %

where

	Total Debt (A: Aug. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.18
=	0.18

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.161
=	0.161

Quality Online Education Group's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2023 )	+	Total Debt (Q: May. 2023 ))	/ count )
=	-1 * -0.256	/	( (0.424	+	0.442)	/ 2 )
=	-1 * -0.256	/	0.433
=	59.12 %

where

	Total Debt (Q: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.424
=	0.424

	Total Debt (Q: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.442
=	0.442

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 (May. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Quality Online Education Group (OTCPK:QOEG) Effective Interest Rate on Debt % Explanation

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

Quality Online Education Group Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Quality Online Education Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Quality Online Education Group (Quality Online Education Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Quality Online Education Group Inc (OTCPK:QOEG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Commerce Valley Dr. West, Thornhill, ON, CAN, L3T7V9

Website

https://www.qualityonline.education

Quality Online Education Group Inc is a e-Learning company that provides comprehensive online English lessons to students in China and expanding to other markets where English education is sought after. The company is a pioneer and industry leader in providing real-time online small group classes. The main business scope of the Group includes K12 English Online education services, courseware development and education-technology platform development. The students achieve noticeable and quantifiable results, by delivery of quality education from passionate team of teachers and teaching assistants, based in North America and the Philippines.

Executives

Amanda Anderson	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Fu Kei Man Derek	director	2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yin Yee Tso	director, officer: Chief Operating Officer	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Yee Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Lai Ying Li	director, officer: Chairman, CEO, CFO and Sec.	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Wing Shan Tong	10 percent owner	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR
Yiu Kwong Pang	director	UNITS 2611-13A, 26/F, 113 ARGYLE STREET, MONGKOK, KOWLOON K3 SAR