GFL Environmental (TSX:GFL) Effective Interest Rate on Debt % : 5.86% (As of Sep. 2024)

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What is GFL Environmental 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. GFL Environmental's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was C$590 Mil. GFL Environmental's average total debt for the quarter that ended in Sep. 2024 was C$10,071 Mil. Therefore, GFL Environmental's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 5.86%.

GFL Environmental Effective Interest Rate on Debt % Historical Data

The historical data trend for GFL Environmental'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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GFL Environmental Effective Interest Rate on Debt % Chart

GFL Environmental Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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6.70

4.77

3.72

4.42

5.62

GFL Environmental Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.34	5.91	6.48	7.58	5.86

Competitive Comparison of GFL Environmental's Effective Interest Rate on Debt %

For the Waste Management subindustry, GFL Environmental'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.

GFL Environmental's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, GFL Environmental's Effective Interest Rate on Debt % distribution charts can be found below:

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

GFL Environmental Effective Interest Rate on Debt % Calculation

GFL Environmental'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 * -532.7	/	( (9679.1	+	9288.6)	/ 2 )
=	-1 * -532.7	/	9483.85
=	5.62 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9584.9	+	94.2
=	9679.1

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9213.5	+	75.1
=	9288.6

GFL Environmental's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -590	/	( (10127.8	+	10014.2)	/ 2 )
=	-1 * -590	/	10071
=	5.86 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10055.9	+	71.9
=	10127.8

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8916.6	+	1097.6
=	10014.2

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

GFL Environmental (TSX:GFL) Effective Interest Rate on Debt % Explanation

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

GFL Environmental Effective Interest Rate on Debt % Related Terms

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GFL Environmental Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » GFL Environmental Inc (TSX:GFL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

GFL:USA 36E:Germany

Address

100 New Park Place, Suite 500, Vaughan, ON, CAN, L4K 0H9

Website

https://www.gflenv.com

GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its Environmental Services business line includes liquid waste and soil remediation. GFL's geographical segments are Canada and the United States. The company derives the majority of its revenue from the United States.