Vitreous Glass (TSXV:VCI) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2025)

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What is Vitreous Glass 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. Vitreous Glass's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was C$0.00 Mil. Vitreous Glass's average total debt for the quarter that ended in Mar. 2025 was C$0.05 Mil. Therefore, Vitreous Glass's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 0.00%.

Vitreous Glass Effective Interest Rate on Debt % Historical Data

The historical data trend for Vitreous Glass'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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Vitreous Glass Effective Interest Rate on Debt % Chart

Vitreous Glass Annual Data

Trend

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Sep24

Effective Interest Rate on Debt %

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Vitreous Glass Quarterly Data
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Competitive Comparison of Vitreous Glass's Effective Interest Rate on Debt %

For the Waste Management subindustry, Vitreous Glass'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.

Vitreous Glass's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

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

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

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Vitreous Glass Effective Interest Rate on Debt % Calculation

Vitreous Glass's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2023 )	+	Total Debt (A: Sep. 2024 ))	/ count )
=	-1 * 0	/	( (0.08	+	0.06)	/ 2 )
=	-1 * 0	/	0.07
=	0.00 %

where

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.059	+	0.021
=	0.08

	Total Debt (A: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.038	+	0.022
=	0.06

Vitreous Glass's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * 0	/	( (0.054	+	0)	/ 1 )
=	-1 * 0	/	0.054
=	0.00 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.032	+	0.022
=	0.054

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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 (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Vitreous Glass (TSXV:VCI) Effective Interest Rate on Debt % Explanation

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

Vitreous Glass Effective Interest Rate on Debt % Related Terms

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Vitreous Glass Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Vitreous Glass Inc (TSXV:VCI) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

VCIGF:USA

Address

212 East Lake Boulevard, Airdrie, AB, CAN, T4A 0H5

Website

https://www.vitreousglass.ca

Vitreous Glass Inc cleans, crushes, and sells waste glass to the fiberglass manufacturing industry. The company also removes the contaminates and crushes the glass into sand and then this sand is sold to fiberglass insulation manufacturers as furnace-ready cullet for use in their production facilities. The sole source of revenue of the company is generated by providing crushed glass to its customers.

Executives

Darcy Forbes	Senior Officer
Timothy Howard Rendell	Senior Officer
John Patrick Cashion	10% Security Holder, Director, Senior Officer
Meredith Ann Cashion	Director

Vitreous Glass Headlines

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