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Globavend Holdings (Globavend Holdings) Effective Interest Rate on Debt % : 2.94% (As of Sep. 2023)


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What is Globavend Holdings 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. Globavend Holdings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.00 Mil. Globavend Holdings's average total debt for the quarter that ended in Sep. 2023 was $0.07 Mil. Therefore, Globavend Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 2.94%.

Globavend Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Globavend Holdings'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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Globavend Holdings Effective Interest Rate on Debt % Chart

Globavend Holdings Annual Data
Trend Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
- 4.17 1.05

Globavend Holdings Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23
Effective Interest Rate on Debt % - 2.70 2.86 4.65 2.94

Competitive Comparison of Globavend Holdings's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, Globavend Holdings'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.

Globavend Holdings's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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


Globavend Holdings Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -0.001/( (0.07+0.12)/ 2 )
=-1  *  -0.001/0.095
=1.05 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.005 + 0.065
=0.07

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.08 + 0.04
=0.12

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -0.002/( (0.016+0.12)/ 2 )
=-1  *  -0.002/0.068
=2.94 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.016
=0.016

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.08 + 0.04
=0.12

* 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 two times the semi-annual (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Globavend Holdings  (NAS:GVH) Effective Interest Rate on Debt % Explanation

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

Globavend Holdings Effective Interest Rate on Debt % Related Terms

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Globavend Holdings (Globavend Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Globavend Holdings Ltd (NAS:GVH) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
Traded in Other Exchanges
N/A
Address
Office 1401, Level 14, 197, St Georges Tce, Perth, WA, AUS, 6000
Website
https://www.globavend.com
Globavend Holdings Ltd is a e-commerce logistics provider it provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, where they provide customers with a one-stop solution from parcel consolidation to air freight forwarding, customs clearance, on-carriage parcel transportation and delivery. It operates in logistics and freight forwarding industry, which involves the provision of services such as freight transport, freight forwarding, warehouse management, and distribution.

Globavend Holdings (Globavend Holdings) Headlines

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