GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Worldwide Strategies Inc (OTCPK:WWSG) » Definitions » Effective Interest Rate on Debt %

Worldwide Strategies (Worldwide Strategies) Effective Interest Rate on Debt % : 7.91% (As of Apr. 2023)


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

What is Worldwide Strategies 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. Worldwide Strategies's annualized positive value of Interest Expense for the quarter that ended in Apr. 2023 was $0.09 Mil. Worldwide Strategies's average total debt for the quarter that ended in Apr. 2023 was $1.16 Mil. Therefore, Worldwide Strategies's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2023 was 7.91%.


Worldwide Strategies Effective Interest Rate on Debt % Historical Data

The historical data trend for Worldwide Strategies'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.

Worldwide Strategies Effective Interest Rate on Debt % Chart

Worldwide Strategies Annual Data
Trend Jul08 Jul09 Jul10 Jul11 Jul12 Jul13 Jul14 Jul20 Jul21 Jul22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.94 63.32 12.03 9.61 9.58

Worldwide Strategies Quarterly Data
Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23
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 9.11 9.75 6.25 8.04 7.91

Competitive Comparison of Worldwide Strategies's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Worldwide Strategies'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.


Worldwide Strategies's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Worldwide Strategies's Effective Interest Rate on Debt % distribution charts can be found below:

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



Worldwide Strategies Effective Interest Rate on Debt % Calculation

Worldwide Strategies's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2021 )+Total Debt  (A: Jul. 2022 ))/ count )
=-1  *  -0.05/( (0.507+0.537)/ 2 )
=-1  *  -0.05/0.522
=9.58 %

where

Total Debt  (A: Jul. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.015 + 0.492
=0.507

Total Debt  (A: Jul. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.045 + 0.492
=0.537

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jan. 2023 )+Total Debt  (Q: Apr. 2023 ))/ count )
=-1  *  -0.092/( (1.161+1.165)/ 2 )
=-1  *  -0.092/1.163
=7.91 %

where

Total Debt  (Q: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.081 + 1.08
=1.161

Total Debt  (Q: Apr. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.093 + 1.072
=1.165

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


Worldwide Strategies  (OTCPK:WWSG) Effective Interest Rate on Debt % Explanation

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


Worldwide Strategies Effective Interest Rate on Debt % Related Terms

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


Worldwide Strategies (Worldwide Strategies) Business Description

Traded in Other Exchanges
N/A
Address
1961 NW 150 Avenue, Suite 205, Pembroke Pines, FL, USA, 33208
Worldwide Strategies Inc is a shell company.
Executives
Thomas Edward Mccabe officer: Chief Financial Officer 10108 S HUDSON AVE, TULSA OK 74137
Gregory L Kinney director 2107 GEDDES RD, ROCKFORD IL 61103
James Bradley Crelia 10 percent owner 8125 RIVIERA BEACH DR, LAS VEGAS NV 89128
Donald A Christensen director
James P Samuels director, 10 percent owner, officer: CEO 3801 E FLORIDA AVE, #400, DENVER CO 80210
Edward J Weisberg director 18 WHISPERING PINE ROAD, SUDBURY MA 01776
Frank J Deleo director 1517 TENNISON PARKWAY, COLLEYVILLE TX 76034
W. Earl Somerville director, officer: CFO 3801 E. FLORIDA AVE. SUITE 400, DENVER CO 80210
Robert T Kane director 3620 MAIN STREET, MUNHALL PA 15120

Worldwide Strategies (Worldwide Strategies) Headlines

No Headlines